Description

FOR SALE – PRIME MIXED-USE INVESTMENT PROPERTY

17 Bestwood Drive, Nottingham

Price: £900,000 + VAT (available as a going concern if registered for VAT)

Tenure: Freehold

An excellent opportunity to acquire a substantial mixed-use freehold investment located in the well-established Bulwell Forest area of Nottingham, benefitting from strong local demand, consistent footfall, and good access to Nottingham City Centre.

This property offers a balanced investment, combining a secure commercial tenant with residential income and future asset management potential.

The Property

The property comprises a large ground floor retail unit, currently let to Heron Frozen Foods, providing a stable and established income stream. The unit benefits from rear loading access and extensive storage/ancillary space.

Above, there are two self-contained three-bedroom flats, accessed from the rear. The flats are currently being decorated and are well laid out, making them attractive for the rental market. Importantly, the flats are not included within the commercial lease, allowing flexibility for future income growth.

Approximate Accommodation & Floor Areas

• Retail Unit (including ancillary/storage): Approx. 861 sqm (9,268 sq ft)
• Flat 1: Approx. 76 sqm (822 sq ft)
• Flat 2: Approx. 76 sqm (822 sq ft)
• Total Residential (both flats): Approx. 153 sqm (1,644 sq ft)
• Total Approximate Floor Area: Approx. 1,014 sqm (10,912 sq ft)
• All floor areas are approximate and should be independently verified.

Tenancy & Income

• Retail Lease Term: 09/08/2013 – 08/08/2028
• Rent: £35,000 per annum + VAT
• Full repairing lease
• Rent review outstanding since 2018
• Break clause: 08/08/2023
• Residential: Two 3-bedroom flats
• Total Current Income: Approx. £65,000 per annum

Investment Highlights

• Mixed-use income producing asset
• Established national retailer in occupation
• Residential units offering strong rental demand
• Asset management potential with rent review outstanding
• Popular and well-connected location
• Opportunity for future income growth

This is a rare opportunity to acquire a well-located investment with secure income and long-term upside potential.