The subject property is located on the corner of Victoria Road at the junction with Crossman Street in the up and coming area of Sherwood in the city of Nottingham.
A mixed use retail and residential property. The accommodation is set over four floors, including the basement. To the front of the ground floor there is a former off licence which has a glazed frontage. Also to the ground floor, there is the owners accommodation, which includes a lounge / dining room and a kitchen situated to the rear, providing access to the cellar area.
Following a series of improvements, if the property were to be let out as a retail unit with living accommodation above, an annual rental income of £11,000 could be achieved, representing a gross yield of 10%.
We understand the property has connections to mains gas, electricity, water and drainage.
The property is freehold
The premises have a current rateable value of £17,000.
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
42 Victoria Road
✓ End terrace former convenience store
✓ Large three bedroom flat above
✓ Set over four floors including basement
✓ Potential for conversion to two or three apartments (STP)
✓ Close to amenities
✓ Rear garage
✓ Gas central heating
✓ Popular residential area
✓ Close to city centre
Phone: 0115 970 6060
Our Ref: PR276