Superb Redevelopment Property | | Nottingham Nottinghamshire | | SUPERB REDEVELOPMENT PROPERTY - NOTTINGHAMSHIRE Ideal location and property for restaurant/retail/residential usage Planning in place to erect 2 three bedroom town houses | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62173
ADVERT IMPRESSIONS : 14,473 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £389,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB REDEVELOPMENT PROPERTY - NOTTINGHAMSHIRE
Ideal location and property for restaurant/retail/residential usage
Planning in place to erect 2 three bedroom town houses
Early viewing essential to fully appreciate
Large Victorian property over 2 floors
Town centre location in Long Eaton
Planning for housing and retail use
Large yard and warehousing
FREEHOLD
Location
This superb redevelopment property is located in the centre of the bustling and up and coming town of Long Eaton in Nottinghamshire. The property stands in a prominent position just off the main car parks and market area of the town making it ideal for a multitude of use. Long Eaton is a thriving area situated just below the city of Nottingham and is renowned for is upholstery and furniture industry and local attractions such as the River Trent and Donnington Park raceway. The town has close links to the city of Nottingham and Derby both of which are just 10 miles via the A52 trunk road and M1 motorway. The property stands just metres from the towns main car parks and the 3 times a week market which brings large numbers of shoppers in the day time plus parking for the leisure facilities in the evenings. The town and surrounding area has strong road and rail links with mainline trains from both Nottingham and Derby plus via road by the M1 motorway and the A52 trunk road.
Business History
Meridian Business Sales are delighted to be able to offer to the market this superb redevelopment property which has been in the careful hands of our client since 1990 and only now wishes to sell due to his desire to downsize the business that trades from the building and take semi-retirement. The property is a large and imposing Victorian building with planning in place to convert the yard and warehouse to the side of the property into 2 x 3 bedroom residential properties with off road secure parking with a current value of £150,000 per property. The main bulk of the property is over two floors with the ground floor and warehousing being used by our clients to run his furniture and piano business and the extensive first floor has storage and further showroom space. The location of the property, as it is so close to the town centre and the main town's car parks would lend itself to many uses to include residential, restaurant, bar, retail, flats. Meridian Business Sales urge early viewing on this property so as to fully appreciate the redevelopment potential and the competitive price being asked.
Financial Profile
Turnover: £50,000pa
Gross profit: 70%
(Currently trading as a furniture retailers)
Tenure
We are advised freehold
Accommodation
Well presented and maintained 2 storey Victorian property with a 25 metre frontage 2 x yard warehousing currently being used for a furniture and piano retail business
GROUND FLOOR
Main entrance leading to an open plan retail area 10m x 6m with carpeting,sales desk and double aspect windows.
Second showroom 3m x 6m with window to the front elevation.
Central staircase to first floor.
3rd showroom 4m x 5m
4th showroom 4m x 5m
Door leading to-
1 x storage warehouse 13m x 5m
2 x further warehousing areas to the side of the property 18m x 12m with planning for 2 x 3 bedroom dwellings.
FIRST FLOOR
Large landing with all rooms running off.
5 x bedrooms of large proportions currently used for storage and showrooms.
EXTERNAL | | | | | | FOR SALE | | | | | REFERENCE: | 2171 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
