43 Beech Avenue, New Basford, Nottingham | Property for sale | Savills
1,649 to 1,649 sq ft(153.20 to 153.20 sq m)
Asking price £250,000
Exclusive of VAT

43 Beech AvenueNew Basford, Nottingham

  • New
  • Sole agency
  • Freehold
Investment
1,649 sq ft (153.20 sq m)
Yield 7%Yield

Key features

  • Fully let on an unbroken 20 year term, expiring 21/03/2038
  • Passing rent £18,000 per annum
  • Subject to 3 yearly rent reviews on an Open Market Rent basis

Mixed Use Investment

About this property

  • The property comprises a terraced 3 storey mixed use building, built of brick construction under a pitched tile roof. Internally, the property is configured to provide a ground floor retail unit, currently operated as a launderette, with a 2 bedroom flat to the upper parts, providing a kitchen, bathroom, toilet and living room at first floor and 2 bedrooms at second floor. Externally, the property benefits from a small garden to the rear with independent access to the upper residential parts.

Local information

  • The property is located within New Basford, a suburb north of Nottingham’s town centre and within the A6514 Ring Road.
  • Beech Avenue is accessed off Sherwood Rise, which in turn provides direct access to the A60, Nottingham’s arterial road.
  • The property is situated within a commercial parade in a predominantly residential area, nearby occupiers include Premier convenience store, Shally’s Chemist and the Post Office.

Additional information

  • The property is currently fully let on an unbroken 20 year term to a private individual who operates the Rex Launderette on ground floor and resides in the upper parts, expiring 21/03/2038, at a passing rent of £18,000 per annum, with effect from 21/03/2024.
  • The property is subject to 3 yearly rent reviews to the Open Market Rent.