Offers in region of
£185,000
Property for saleHawton Road, Newark NG24
Freehold
About this property
Freehold Commercial/Residential Property Investment
Ground Floor Class E Use, 760 sq.ft
First Floor Self-Contained Flat
Densely Populated Catchment Area
Gross Rental Income Potential £23,000 per annum
Potential Gross Yield 9% Approximately
EPC Ratings C and E
A freehold investment comprising ground floor Class E retail/salon use and a first floor self-contained two bedroomed flat. The property was previously let to produce a gross income of £23,292 per annum exclusive. The property is substantially built and well maintained. The roof has been recently overhauled with a rubber compound coating. Whilst relocating to smaller premises the hairdressers have been in occupation for many years as were previous hairdresser occupants providing a long established service and successful business.
The salon provides 661 sq.ft plus first floor staff room. The flat provides lounge, kitchen, two bedrooms and a bathroom. There is communal parking within the frontage area of the parade of shops.
The property provides the following accommodation:
Ground Floor
Salon/Sales
(Frontage 18' x total depth 18'10 plus 10'8 additional width)
Suspended ceiling, fluorescent lighting, tiled floor, three night storage heaters, three wash basins each with electric showers. Fixed work surface, island unit with electrics, glazed front window and front entrance door.
Kitchen (4.72m x 1.50m (15'6 x 4'11))
Base unit, sink unit and shelving. Elson hot water heater, plumbing for a washing machine.
Separate Wc
With close coupled WC and basin (cold tap only). Door to lobby and rear entrance door with night storage heater.
Storage Room (3.18m x 2.34m (10'5 x 7'8))
(plus 5'4 x 4'2)
Rear Extension
Door to Lobby.
Stairs To First Floor
First Floor
Landing
Kitchen (4.32m x 1.68m (14'2 x 5'6))
Base units and wall cupboards, stainless steel sink unit, electric heater.
Lounge (3.23m x 3.43m (10'7 x 11'3))
Gas heater.
Bedroom Two (2.46m x 2.59m (8'1 x 8'6))
(plus 5'4 x 4'1)
Bedroom One (3.07m x 3.23m (10'1 x 10'7))
Gas convector heater.
Bathroom (2.36m x 2.16m (7'9 x 7'1))
Bath, electric shower, low suite WC, pedestal basin.
Services
Mains water, electricity, and drainage are all connected to the property.
Tenure
The property is freehold. The shop is vacant. The flat is to be re-let at a rent of £tbc pcm. The property will be sold subject to an Assured Shorthold Tenancy on the flat.
Viewing
Strictly by appointment with the selling agents.
The salon provides 661 sq.ft plus first floor staff room. The flat provides lounge, kitchen, two bedrooms and a bathroom. There is communal parking within the frontage area of the parade of shops.
The property provides the following accommodation:
Ground Floor
Salon/Sales
(Frontage 18' x total depth 18'10 plus 10'8 additional width)
Suspended ceiling, fluorescent lighting, tiled floor, three night storage heaters, three wash basins each with electric showers. Fixed work surface, island unit with electrics, glazed front window and front entrance door.
Kitchen (4.72m x 1.50m (15'6 x 4'11))
Base unit, sink unit and shelving. Elson hot water heater, plumbing for a washing machine.
Separate Wc
With close coupled WC and basin (cold tap only). Door to lobby and rear entrance door with night storage heater.
Storage Room (3.18m x 2.34m (10'5 x 7'8))
(plus 5'4 x 4'2)
Rear Extension
Door to Lobby.
Stairs To First Floor
First Floor
Landing
Kitchen (4.32m x 1.68m (14'2 x 5'6))
Base units and wall cupboards, stainless steel sink unit, electric heater.
Lounge (3.23m x 3.43m (10'7 x 11'3))
Gas heater.
Bedroom Two (2.46m x 2.59m (8'1 x 8'6))
(plus 5'4 x 4'1)
Bedroom One (3.07m x 3.23m (10'1 x 10'7))
Gas convector heater.
Bathroom (2.36m x 2.16m (7'9 x 7'1))
Bath, electric shower, low suite WC, pedestal basin.
Services
Mains water, electricity, and drainage are all connected to the property.
Tenure
The property is freehold. The shop is vacant. The flat is to be re-let at a rent of £tbc pcm. The property will be sold subject to an Assured Shorthold Tenancy on the flat.
Viewing
Strictly by appointment with the selling agents.
Mortgage calculator
Monthly repayment
£925 per month
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