27-33 High Street, Long Eaton, Nottingham, NG10 1HY
£275,000+
Investment
Key Features
- An opportunity to acquire a substantial freehold retail block comprising 3 retail units on ground floor and a nightclub on the upper floor extending to circa 6,974 sq ft
- Located in a prominent position on the High Street
- Part let and producing a rent of £26,500 pa, ERV when fully let £41,500 pa
Part of the
19 June 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a substantial freehold retail block comprising 3 retail units on ground floor and a nightclub on the upper floor. Located in a prominent position on Long Eaton's High Street. Part let and producing a rent of £26,500 pa.
- Substantial freehold retail block
- Situated in the heart of Long Eaton town centre
- Located in a prominent position on the High Street
- Prime town centre retail location
- Nearby occupiers: Boots, CeX, B&M, ALDI, Subway, Specsavers
- Excellent road connectivity, 5-minute drive to J25 M1 & A52
- Close to multiple pay-and-display car parks
- 8.5 miles to Derby City & 6 miles to Nottingham City
- No. 27 ground floor let to Barbers at £7,000 pa (700 sq ft)
- No. 29 ground floor let to phone shop at £7,500 pa (710 sq ft)
- No. 31-33 vacant with an ERV of £15,000 pa (1,937 sq ft)
- First floor let to nightclub at £12,000 pa (3,627 sq ft)
- Floor area of all units of approximately 6,974 sq ft
- Total Current Rent Reserved of £26,500 pa
- ERV when fully let £41,500 pa
- Scope for future development of upper floors (STP)
- An ideal opportunity for investors
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold subject to the existing leases. No.27 let on a 6 year lease dated 01.03.2022 at a rent of £7,000 pa No. 29 let on a 9 year lease dated 11.08.2018 at a rent of £7,500 pa First Floor of No. 27-33 let on a 10 year lease dated 10.02.2017 at a rent of £12,000 pa No.31-33 offered with Vacant Possession (ERV when let £15,000 pa)
Refer to Legal Pack