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67-75 Front St

680 - 1,011 SF Retail Units Offered at £125,000 - £200,000 Per Unit in Arnold NG5 7EB

Investment Highlights

  • Highly prominent retail units in busy market town of Arnold, Nottingham
  • Nearby operators include Iceland, Savers, Costa, Boyes, Co-op Travel, Betfred and Boots
  • Individual prices from £150,000 up to £225,000
  • 67 Front Street is sold with vacant possession
  • 69 and 75 Front Street are subject to the existing occupational leases

Executive Summary

Arnold town centre is a busy suburban location situated approximately 5 miles north of Nottingham city centre. The town has a resident population of 37,402, with a catchment population of over 110,000. Front Street is the prime retailing location within Arnold with the subject property being considered in the most prime location where the street is pedestrianised. It is an established retail location with a host of quality national operators in the immediate vicinity including Wilko, Iceland (adjacent), Poundland, Superdrug, Clarks, Specsavers and Peacocks to name a few.

Property Facts

Price £125,000 - £200,000
Unit Size 680 - 1,011 SF
No. Units 3
Total Building Size 4,530 SF
Property Type Retail
Property Subtype Storefront
Building Class B
Number of Floors 2
Typical Floor Size 3,391 SF
Year Built 1965

3 Units Available

Unit No 67

Unit Size 680 SF
Price £125,000
Price Per SF £183.82
Unit Use Retail
Sale Type Investment or Owner User
Tenure Freehold
Description

The entire property is a two-storey building with retail accommodation across the ground floor with offices and storage across the first floor. The property benefits from rear access and an enclosed private car park.

No 67 is being sold with vacant possession subject to refurbishment.

Sale Notes

67 Front Street - £150,000

Unit No 69

Unit Size 804 SF
Price £195,000
Price Per SF £242.54
Unit Use Retail
Sale Type Investment
Tenure Freehold
Net Initial Yield 6.89%
NOI £13,435.50
Description

The entire property is a two-storey building with retail accommodation across the ground floor with offices and storage across the first floor. The property benefits from rear access and an enclosed private car park.

Sale Notes

69 Front Street - £225,000

Unit No 75

Unit Size 1,011 SF
Price £200,000
Price Per SF £197.82
Unit Use Retail
Sale Type Investment
Tenure Freehold
Net Initial Yield 7.78%
NOI £15,560
Description

The entire property is a two-storey building with retail accommodation across the ground floor with offices and storage across the first floor. The property benefits from rear access and an enclosed private car park.

Sale Notes

75 Front Street - £225,000

Amenities

  • Security System
  • Roller Shutters
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

Costa Coffee
Iceland
ASDA
National Westminster Bank Plc
Barclays
Starbucks
Sainsbury's
Lidl
Co-operative Food
ALDI
  • Listing ID: 28749273

  • Date on Market: 14/06/2023

  • Last Updated:

  • Address: 67-75 Front St, Arnold NG5 7EB

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