Station Rd | Bleasby NG14 7GD
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Station Rd
Bleasby NG14 7GD
Retail Property For Sale
EXECUTIVE SUMMARY
Investment Consideration:
VAT is applicable to this property
Comprises ground floor retail shop t/a barber`s
Let until October 2027. No breaks. Rent review in April 2026 Linked to RPI.
Occupiers close by include Argos, Aldi and a number of local shops, restaurants/takeaways and convenience store.
Property Description:
The property comprises mid-terrace ground floor shop, providing the following accommodation and dimensions:
Ground Floor: 74 sq m (800 sq ft)
Open plan retail, Kitchenette, WC
Tenancy:
The shop is at present let to an Individual for a term of 3 Years from 23rd October 2024 at a current rent of £7,280 p.a. and the lease contains full repairing and insuring covenants. Rent review in April 2026 Linked to RPI. No breaks. Deposit held of £1,300. Lease within Landlord & Tenant Act 1954.
Tenure:
Long leasehold. Held of a 999 years lease from 1st January 2016 at a ground rent of peppercorn.
Location:
Long Eaton is a town in the Erewash district of Derbyshire, England, just north of the River Trent, about 7 miles (11 km) south-west of Nottingham and some 8.5 miles (13.7 km) south-east of Derby. The main road through the town forms part of the A6005 and junction 25 of the M1 motorway is on its north-western border. The area around the traffic island in the town centre is called The Green by locals. Long Eaton railway station is on the Midland Main Line. The Erewash Canal passes through the town. There are bus services to the nearby cities of Nottingham and Derby, which depart every few minutes. Other local services include the East Midlands Airport.
VAT is applicable to this property
Comprises ground floor retail shop t/a barber`s
Let until October 2027. No breaks. Rent review in April 2026 Linked to RPI.
Occupiers close by include Argos, Aldi and a number of local shops, restaurants/takeaways and convenience store.
Property Description:
The property comprises mid-terrace ground floor shop, providing the following accommodation and dimensions:
Ground Floor: 74 sq m (800 sq ft)
Open plan retail, Kitchenette, WC
Tenancy:
The shop is at present let to an Individual for a term of 3 Years from 23rd October 2024 at a current rent of £7,280 p.a. and the lease contains full repairing and insuring covenants. Rent review in April 2026 Linked to RPI. No breaks. Deposit held of £1,300. Lease within Landlord & Tenant Act 1954.
Tenure:
Long leasehold. Held of a 999 years lease from 1st January 2016 at a ground rent of peppercorn.
Location:
Long Eaton is a town in the Erewash district of Derbyshire, England, just north of the River Trent, about 7 miles (11 km) south-west of Nottingham and some 8.5 miles (13.7 km) south-east of Derby. The main road through the town forms part of the A6005 and junction 25 of the M1 motorway is on its north-western border. The area around the traffic island in the town centre is called The Green by locals. Long Eaton railway station is on the Midland Main Line. The Erewash Canal passes through the town. There are bus services to the nearby cities of Nottingham and Derby, which depart every few minutes. Other local services include the East Midlands Airport.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
800 SF
Building Class
B
Year Built
1950
Price
$81,910
Price Per SF
$102
Cap Rate
11.20%
NOI
$9,174
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.40 AC
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