Property Description

Available is this mixed use premises. Fronting a busy road in the residential area of Sherwood, this prominent building offers a flexible investment with a retail area on the ground floor with a further duplex apartment above, including a garden to the rear. The property comprises a freehold unit with the large ground floor retail space being used as an Indian takeaway with a shop unit and counter area, two kitchens, an office and WC to the ground floor. Producing a rent of £900 PCM. The two bedroom apartment on the first floor comprises a kitchen, a family bathroom and two double bedrooms. The apartment has separate access to the side elevation and an enclosed courtyard garden. Current rent £1,100 PCM including bills (approx. £190 PCM). The combined gross rental income of £24,000 per annum reflects an attractive yield of approximately 12.4% based on the guide price. This represents an excellent opportunity to acquire a high-yielding freehold investment.

Shop - 14ft 11 x 13ft 10 approx (4.55m x 4.22m approx)

Glazed windows and door to the front elevation. Laminate and part tiling flooring. Wall mounted radiator. Recessed spotlights to the ceiling. Coving to the ceiling. Counter top area with front customer facing zone. Internal doors leading into the office, kitchen and lobby leading down to the cellar.

Office - 6ft 05 x 4ft 10 approx (1.96m x 1.47m approx)

Wall mounted radiator. Ceiling light point. Shelving and storage space.

Kitchen One - 14ft 11 x 13ft 10 approx (4.55m x 4.22m approx)

Glazed window to the rear elevation. Tiling to walls. Ceiling light points. Space and plumbing for a freestanding sink. Doorway leading into the additional kitchen

Kitchen Two - 15ft 06 x 9ft 1 approx (4.72m x 2.77m approx)

Glazed window to the side elevation. Ceiling light points. Space and plumbing for a freestanding sink. Access door to the side elevation leading to the courtyard. Internal sliding door leading to bathroom.

Bathroom - 4ft 08 x 4ft 03 appox (1.42m x 1.30m appox)

Glazed window to the rear elevation. Wall light point. Vanity wash hand basin with dual heat tap. Internal door leading into the WC.

WC - 4ft 05 x 3ft 09 approx (1.35m x 1.14m approx)

Glazed window to the rear elevation. Ceiling light point. Low level flush WC. Wall mounted gas central heating combination boiler.

Entrance Hallway - 3ft 3 x 2ft 11 approx (1 x 0.9 approx)

UPVC double glazed access door to the side elevation. Ceiling light<br>point. Carpeted staircase leading up to the first floor landing.

First Floor Landing - 37ft 0 x 2ft 11 approx (11.3 x 0.9 approx)

Carpeted flooring. Wall mounted radiator. Ceiling light points. Internal doors leading into the kitchen, bathroom, bedroom 1, 2 and staircase up to bedroom 3.

Kitchen - 15ft 5 x 6ft 04 approx (4.70m x 1.93m approx)

UPVC double glazed windows to side elevation. Tiled splashbacks. Wall mounted radiator. Ceiling light point. Range of fitted base units incorporating worksurfaces above. Stainless steel sink and drainer unit with dual heat tap. Space and point for a freestanding cooker. Space and plumbing for an automatic washing machine. Space and point for a freestanding fridge freezer. Breakfast bar with ample seating space. Airing cupboard housing Baxi gas central heating boiler.

Bathroom - 8ft 10 x 5ft 1 approx (2.69m x 1.55m approx)

UPVC double glazed window to the rear elevation. Tiled walls. Wall mounted radiator. Ceiling light point. White 3 piece suite comprising of a panel bath with hot and cold taps and electric shower over bath, pedestal wash hand basin with hot and cold taps and a low level flush WC.

Bedroom One - 11ft 10 x 11ft 01 approx (3.61m x 3.38m approx)

UPVC double glazed windows to the rear and side elevations. Carpeted flooring. Wall mounted radiator. Ceiling light point.

Bedroom Two - 14ft x 8ft 9 approx (4.27m x 2.67m approx)

UPVC double glazed windows to the front and side elevations. Carpeted flooring. Wall mounted radiator. Ceiling light point.

Living Room / Office - 15ft 07 x 13ft 11 approx (4.75m x 4.24m approx)

UPVC double glazed window to the side elevation. Carpeted flooring. Wall mounted radiator. Ceiling light point. Access intomeaves for further storage space.

Rear of Property

To the rear of the property there is an enclosed courtyard with security lighting, brick wall the boundaries and secure access to the rear of the retail unit and first floor apartment.

Additional Information:

Construction Material: Standard Brick. Broadband Coverage: Standard, Ultrafast and Superfast. Mobile signal: O2, Vodafone, EE and Three. Satellite and Cable: BT and Sky.

Note to Buyers

We have not been provided with evidence of rent increase in relation to the ground floor retail unit and cannot therefore confirm the rental figure referred to in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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