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Station St
Nottingham NG10 1GJ
The Stillage · Retail Property For Sale · 18,000 SF
PROPERTY FACTS
| Unit Size | 710 - 800 SF | Building Class | B |
| No. Units | 2 | Number of Floors | 3 |
| Total Building Size | 18,000 SF | Typical Floor Size | 18,000 SF |
| Property Type | Retail | Year Built | 1850 |
| Property Subtype | Storefront Retail/Office |
| Unit Size | 710 - 800 SF |
| No. Units | 2 |
| Total Building Size | 18,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 18,000 SF |
| Year Built | 1850 |
2 Units Available
Unit 2C
| Unit Size | 800 SF | Tenure | Long Leasehold |
| Unit Use | Retail | Net Initial Yield | 10.40% |
| Sale Type | Investment | NOI | £7,280 |
| Unit Size | 800 SF |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 10.40% |
| NOI | £7,280 |
Description
The property comprises mid-terrace ground floor shop, providing the following accommodation and dimensions:
Ground Floor: 74 sq m (800 sq ft)
Open plan retail, Kitchenette, WC
Sale Notes
Investment Consideration:
VAT is applicable to this property
Comprises ground floor retail shop t/a gallery
Occupiers close by include Argos, Aldi and a number of local shops, restaurants/takeaways and convenience store.
Tenancy:
The shop is at present let to an Individual for a term of 2 Years from 1st March 2023 at a current rent of £7,280 p.a.
Tenure:
Long leasehold. Held of a 999 years lease from 1st January 2016 at a ground rent of peppercorn.
Unit 2A
| Unit Size | 710 SF | Tenure | Long Leasehold |
| Unit Use | Retail | Net Initial Yield | 10.40% |
| Sale Type | Investment | NOI | £7,280 |
| Unit Size | 710 SF |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 10.40% |
| NOI | £7,280 |
Description
The property comprises mid-terrace ground floor shop t/a cafe, providing the following accommodation and dimensions:
Ground Floor: 66 sq m (710 sq ft)
Open plan cafe, Kitchen, WC
Location:
Long Eaton is a town in the Erewash district of Derbyshire, England, just north of the River Trent, about 7 miles (11 km) south-west of Nottingham and some 8.5 miles (13.7 km) south-east of Derby. The main road through the town forms part of the A6005 and junction 25 of the M1 motorway is on its north-western border. The area around the traffic island in the town centre is called The Green by locals. Long Eaton railway station is on the Midland Main Line. The Erewash Canal passes through the town. There are bus services to the nearby cities of Nottingham and Derby, which depart every few minutes. Other local services include the East Midlands Airport.
Sale Notes
Tenancy:
The shop is at present let to an Individual (with personal guarantor) for a term of 6 Years 11 Months from 20th December 2023 at a current rent of £7,280 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine in December 2027 with min 6 months notice. Rent review in December 2026 open market upward only. Deposit held of £1,220.
Tenure:
Long leasehold. Held of a 999 years lease from 1st January 2016 at a ground rent of peppercorn.
Amenities
- Bus Route
- Storage Space
