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48 Westgate

Just added

Shop for sale

£275,000 784 sq ft

Mathias Perry Ltd
Contact name

Owen Mathias - Mathias Perry Ltd

Full address
48 Westgate, Southwell NG25 0JX – Southwell
Property type

Shop for sale

Asking price
£275,000
Available space range
There is 1 space available. This measures 784 sq ft.
Features
Roller shutters
Brochure
Download the brochure

Sale details

Sale unit 3805959 Available

784 sq ft, £350.77 per sq ft

Unit Sale unit 3805959
Address 48 Westgate, Southwell, Nottinghamshire, NG25 0JX, GB
Size 784 sq ft
Price £275,000
Price per unit £350.77 per sq ft
Unit Sale unit 3805959
Address 48 Westgate, Southwell, Nottinghamshire, NG25 0JX, GB
Size 784 sq ft
Price £275,000
Price per unit £350.77 per sq ft
Sale type Investment or Owner user
Tenure Freehold
Net income yield 7.96%
Financial type Actual
Financial year 2018
Net operating income £21,880

Sale notes

  • The property is freehold but subject to the following leasing agreements: the ground floor is held by private individuals on a six year lease ending 17th may 2024 with provision for rent reviews on the 19th august 2019 and 2022 and a tenant break in the lease on the 18th may 2021. the tenant is responsible for the internal repair and decoration of the ground floor premises, the roof over the rear and the interior and exterior of the shop front doors and windows.
  • The tenant similarly contributes 50% towards the cost of maintaining and repairing the structural parts and the costs of the gas supply, water supply and fire and emergency lighting system.
  • From an inspection of the 2017 rating list on the valuation office agency internet site, the ground floor is described as shop and premises with the following assessment:.
  • Rateable value: £5,000.
  • Small business rates relief may be available.
  • The flat 48a westgate is indicated as council tax band a.

Property description

The investment comprises a ground floor self contained shop / showroom currently trading as a beauty salon with double bay shop front and a rear side door. There is a separate side door providing access to the self contained residential accommodation over that comprises a kitchen / lounge diner with three bedrooms and in addition there are steps to a basement area. Prominent location on Westgate on the edge of Southwell town centre with the benefit of on street parking.

Number of storeys
2
Rentable building area
784 sq ft
Year built
1900

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Southwell.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Mathias Perry Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mathias Perry Ltd for full details and further information.