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Wollaton Road, Beeston, Nottingham Mixed use for sale
Wollaton Road, Beeston, Nottingham
£275,000
Wollaton Road, Beeston, Nottingham
£275,000
Our Summary
- The apartment is in clean and tidy condition with gas central heating served from the combination boiler, double glazing, and could be let immediately, although there is potential to add value by updating some of the fittings
- Offering a potential gross yield of around 9% based on annual income of £25,000, this is a great opportunity for both seasoned property investors and those looking to start a portfolio, and for more information and to view, please contact our Beeston Sales Branch
- Fantastic Investment Opportunity
Description
This unique property offers a rare opportunity to purchase a freehold mixed-use residential and commercial investment in Beeston town centre. The commercial space, currently let to a barbers, has a five-year lease until 2028 and generates an annual income of £13,000, increasing to £15,000 in 2027/2028. The residential element is a self-contained two-bedroom duplex apartment, currently vacant, with a potential income of £900 per month. The property has a gross yield of around 9% based on annual income of £25,000, making it an attractive option for seasoned investors and those starting a portfolio. The property has a mix of modern and original features, including gas central heating, double glazing, and a shared pedestrian right of way to the residential element. With potential to add value by updating the fittings, this property presents a great opportunity for those looking to invest in the local property market.