78 Front Street
Arnold
Nottinghamshire
NG5 7EJ
Haydn Road, Nottingham
By Auction £195,000
3 Bedroom Mixed Use
- MIXED USE DWELLING
- COMMERCIAL TO GROUND FLOOR
- RESIDENTIAL TO FIRST FLOOR
- INVESTMENT OPPORTUNITY
- THREE BEDROOM APPARTMENT
- YIELD OF APPROX 12% AGAINST THE GUIDE PRICE
- REAR GARDENS
- PROMINENT POSITION
- CONTACT THE OFFICE TO ARRANGE YOUR VIEWING
- ***AUCTION THURSDAY 29TH MAY 2025***
***AUCTION THURSDAY 29TH MAY 2025***
Robert Ellis offers a mixed-use investment property in Sherwood, featuring a ground-floor Indian takeaway (£800 pcm) and a three-bedroom duplex apartment (£1035 pcm, bills included). The property includes a private garden and separate access for the apartment. Total monthly income is £1835. No upward chain. Ideal investment opportunity.
***AUCTION THURSDAY 29TH MAY 2025***
Robert Ellis are pleased to bring to the market this unique opportunity. 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 unit being used as an Indian takeaway with a shop unit with counter area, two kitchens, an office and WC to the ground floor producing a rent of £800 PCM.
The THREE bedroom apartment on the first floor comprises a kitchen, a family bathroom and three double bedrooms. The apartment has separate access to the side elevation and an enclosed courtyard garden. Current rent £1035 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.
Contact the office to make your appointment to view this IDEAL INVESTMENT today. Selling with the benefit of NO UPWARD CHAIN.
Ground Floor Retail Unit
Shop
4.55m x 4.22m approx (14'11 x 13'10 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
1.96m x 1.47m approx (6'05 x 4'10 approx)Wall mounted radiator. Ceiling light point. Shelving and storage space.
Kitchen
4.55m x 4.22m approx (14'11 x 13'10 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
4.72m x 2.77m approx (15'06 x 9'1 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
1.42m x 1.30m appox (4'08 x 4'03 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
1.35m x 1.14m approx (4'05 x 3'09 approx)Glazed window to the rear elevation. Ceiling light point. Low level flush WC. Wall mounted gas central heating combination boiler.
First Floor Apartment
Entrance Hallway
1 x 0.9 approx (3'3" x 2'11" approx)UPVC double glazed access door to the side elevation. Ceiling light point. Carpeted staircase leading up to the first floor landing.
First Floor Landing
11.3 x 0.9 approx (37'0" x 2'11" 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
4.70m x 1.93m approx (15'5 x 6'04 approx)UPVC double glazed windows to the 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
2.69m x 1.55m approx (8'10 x 5'1 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 1
3.61m x 3.38m approx (11'10 x 11'01 approx)UPVC double glazed windows to the rear and side elevations. Carpeted flooring. Wall mounted radiator. Ceiling light point.
Bedroom 2
4.27m x 2.67m approx (14' x 8'9 approx)UPVC double glazed windows to the front and side elevations. Carpeted flooring. Wall mounted radiator. Ceiling light point.
Living Room / Office
4.75m x 4.24m approx (15'07 x 13'11 approx)UPVC double glazed window to the side elevation. Carpeted flooring. Wall mounted radiator. Ceiling light point. Access into eaves 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.
Agents Notes: Additional Information
Council Tax Band: A
Local Authority: G Nottingham
Electricity: Mains supply
Water: Mains supply
Heating: Mains gas
Septic Tank : No
Broadband: BT, Sky
Broadband Speed: Standard 20mbps Ultrafast 1000mbps
Phone Signal: 02, Vodafone, EE, Three
Sewage: Mains supply
Flood Risk: No flooding in the past 5 years
Flood Defences: No
Non-Standard Construction: No
Any Legal Restrictions: No
Other Material Issues: No
880MN/HM
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
A MIXED-USED COMMERCIAL / RESIDENTIAL PROPERTY COMPRISING OF A LARGE GROUND FLOOR SHOP UNIT WITH COUNTER AREA AND TWO KITCHENS AND A FIRST FLOOR THREE BEDROOM SELF-CONTAINED APARTMENT.
***AUCTION THURSDAY 29TH MAY 2025***
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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