Welcome to 12 & 14 Church Street, Ruddington, NG11 6HA.
Offers In Region Of £325,000
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A great opportunity to acquire this pair of retail units with one residential flat above, in the very sought-after area of Ruddington. Both units are leased and the flat is tenanted. Currently achieving just under £16 000 pa, with the potential to increase. Opportunity for development to the rear of the premises. -(12) Lease terms; 5yrs. Exp, Nov 2023, rent-£4850pa), (14) Lease - 5yrs, Exp; July 2023, Rent; £5200pa), Residential Rent - £5,820pa
Property Summary
  • INVESTOR OPPORTUNITY
  • TWO RETAIL UNITS
  • RESIDENTIAL APARTMENT
  • DEVELOPMENT POTENTIAL STP
  • PRIME LOCATION
  • APPROX. £16K INCOME STREAM

12 & 14 Church Street, Ruddington, NG11 6HA

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Property Description
A great opportunity to acquire this pair of retail units with one residential flat above, in the very sought-after area of Ruddington.

Both units are leased and the flat is tenanted. Currently achieving just under £16 000 pa, with the potential to increase. Opportunity for development to the rear of the premises.

Agent's Disclaimer - Rex Gooding, their clients and employees are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Rex Gooding have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.

Purchaser information -The Money Laundering, Terrorist Financing and Transfer of Funds(Information on the Payer) Regulations 2020. Rex Gooding require any successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the funds originated from. This evidence will be required prior to Rex Gooding removing a property from the market and instructing solicitors for your purchase.

Tenure Disclaimer - Tenure - The vendor has advised us that this property is a leasehold/freehold. The information provided regarding ground rent and service charge has been confirmed by the vendor however before entering into an agreement, it is the buyers responsibility to confirm with their solicitor that satisfactory checks have been made.
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