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Freehold Commercial Investment Property Located In Hucknall For Sale

Hucknall, Nottinghamshire, UK
Asking Price:
£450,000 Furniture / Fixtures included
Turnover:
Not applicable
Net Profit:
Not applicable

Freehold Commercial Investment Property located in Hucknall. Ground floor public house (Vacant) possible income £16,800 pa. Four flats above producing rental income (£21,840 pa). Fully let (8.6%) return.

Veritas Business Sales offer to the market this mixed use Commercial Property which was formerly a public house. The first and second floors have been converted into 4 flats which are fully let on 6 month STA’s and produce rental income of £21,840 pa.
A new purchaser can either re-open and trade the ground floor as a pub themselves or offer it on lease which would generate £13,000 plus vat per annum. Alternatively you could convert the ground floor into three flats subject to obtaining the correct planning permission and these would rent for circa £16,800 per annum.
This is a superb opportunity to purchase an investment property with a variety of options available which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Freehold

Location:

The subject property is a mixed use Commercial Property which is located in the market town of Hucknall in Nottinghamshire. The property is situated within a prominent and highly visible trading position on Annesley Road. The immediate area has plenty of businesses, industry and an abundance of residential properties. The M1 motorway is within (8.5 miles) and the city of the Nottingham is (7.5 miles).

Premises Details:

Ground Floor
Main bar with vestibule entrance, bar servery and seating.
Ladies toilets with two W/C’s, two wash basins, wall mounted soap dispenser and wall mounted hand dryer.
Gents toilets with four urinals, W/C, wash basins, wall mounted soap dispenser and wall mounted hand dryer.
Hallway which gives access to the rear yard.
Storeroom with combination boiler (Worcester Bosch).

Cellar (below ground)
Main cellar room
Storeroom
Boiler room

The ground floor benefits from gas fired central heating and UPVC double glazing

First Floor
Flat 1
2 bedroom (rented out for £520 PCM) EPC Rating E
Flat 3
1 bedroom (rented out for £425 PCM) EPC Rating C
Flat 4
1 bedroom (rented out for £425 PCM) EPC Rating D

Second Floor
Flat 2
2 bedroom (rented out for £520 PCM) EPC Rating D

The flats have electric storage heating and UPVC double glazing

External
Gated yard with outbuildings with two storerooms.

Contact Veritas Business Sales

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