Auction House London

Lot 89

Mixed Use - Commercial Property 

34 Beech Avenue

New Basford, Nottingham, Nottinghamshire, NG7 7LL

Sold for £165,000

A Commercial and Residential Investment Producing £22,464 Per Annum. The ERV is £26,064 Once Fully Let

Description

The property comprises a mid terrace building arranged as a basement and ground floor shop with a four bedroom maisonette above that is let on a room by room basis.

Tenure

Freehold

Location

The property is situated on a predominantly residential road among the shops and amenities of Beech Avenue. The open spaces Hedley Villas Park are also within close proximity. Transport links are provided by Nottingham rail station.

Accommodation & Tenancy Schedule

Floor Accommodation Tenancy Current
Annual Rent
Basement
Ground
Office Area, Storage
Shop Area, Kitchen, WC
Let on a 3 year commercial lease agreement commencing 17th December 2020 £7,200
First Front Room AST at £300 pcm £3,600
First Communal Kitchen & Shower Room with WC and wash basin
First Rear Room AST at £300 pcm £3,600
Second Front Room AST at £322 pcm £3,864
Second Rear Room AST at £350 pcm £4,200
Second Middle Room Vacant ERV: £3,600

Introducer

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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