For Sale, 4 Bed Mixed Use 

Radford Road, Nottingham

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Features

  • Mixed use retail and residential
  • Income producing investment
  • 2 x Retail units & 2 x Residential units
  • Residential rental income £1,550 pcm
  • Sold with tenants in situ
  • Retail rental income: TBC
  • Accommodation over three storeys
  • Freehold
  • Separate rear access to flats
  • Busy location on Radford Road

Quick Details

4 Bedrooms

Address

376/378 Radford RoadNottinghamNottinghamshireNG7 5GQ
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Property Details

•Freehold mixed use retail and residential
•2 x retail units & 2 x Residential units
•Separate rear access to flats
•Income producing investment
•Residential rental income £1,550 pcm
•Sold with tenants in situ

A mixed use retail and residential investment opportunity, comprising of two retail units with residential accommodation to the upper floors.

The property is arranged over ground, first and second floors. Access to the flats is available to the rear of the property from Gladstone Street.

The property occupies a busy position on Radford Road in Nottingham, approximately two miles to the north west of the city centre. Radford Road runs south towards Hyson Green, over Gregory Boulevard into Bentinck Road and in a northerly direction until it meets Western Boulevard (A6514).

Description

The property comprises of two retail units and two flats. The retail units front Radford Road and are occupied by two separate tenants. Both units have roller shutters to the front elevation.

Access has not been available to the retail units or Flat 376a.

Flat 378a is accessed via a set of stairs to the rear of the property, and is arranged over the first and second floors. Upon entering the apartment there is a well presented modern kitchen. The kitchen has fitted base and eye level units, integrated gas hob and oven and titled splash backs. Adjacent to the kitchen is the bathroom. The bathroom has fully tiled floors and walls, a shower, W.C and wash hand basin.

A set of stairs lead from the first floor living space to the second floor where there are two double bedrooms.

There is gas central heating and double glazing.

Floor Area - Retail Unit (376)

Net Internal Floor Area:
39.3 m2 / 423 ft2 (taken from VOA)

Floor Area - Retail Unit (378)

Net Internal Floor Area:
39.4 m2 / 424 ft2 (taken from VOA)

Floor Area - Flat 376a

Not measured.

Floor Area - Flat 378a

Approximate gross internal floor area:
69.5 m2 / 748 ft2

Rental Income

Retail Unit 376 Radford Road - TBC
Retail Unit 376 Radford Road - TBC
Flat 376a - £600 pcm
Flat 376a, Room 2 - £350 pcm
Flat 378a - £600 pcm

Business Rates

376 Radford Road - the current rateable value is £5,400.
378 Radford Road - the current rateable value is £1,650.

Council Tax

Flat 376a is within council tax band A.
Flat 378a is within council tax band A.

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