386 Carlton Hill, Carlton, Nottingham, NG4 1JA

Description

An opportunity to acquire a former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out. Occupying a prominent location fronting this busy section of Carlton Hill near Domino's and Greggs. A former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out.

Accommodation / Key Property Details

• Prominent location on Carlton Hill near Domino's and Greggs
• Ideal opportunity for both owner occupiers and investors An opportunity to acquire a former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out. Occupying a prominent location fronting this busy section of Carlton Hill near Domino's and Greggs.
• Occupying a prominent position on Carlton Hill (B686)
• Close to Domino's, Greggs, Oriental Chef & Tesco
• Comprising a semi-detached three storey building
• Ground floor former takeaway/restaurant (stripped out)
• Proposed floor plans show a new layout & dining area
• Modern shop front, good sized trading areas
• Metal staircase to side of building to living space above

Location

386 Carlton Hill, Carlton, Nottingham, NG4 1JA

Tenure

Freehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.

Auction Information

Investment Analysis

Investment Snapshot

Market Comparables

The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.

Proposed Works

Source condition indicators: An opportunity to acquire a former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out. Occupying a prominent location fronting this busy section of Carlton Hill near Domino's and Greggs. A former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out.; Ideal opportunity for both owner occupiers and investors An opportunity to acquire a former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out. Occupying a prominent location fronting this busy section of Carlton Hill near Domino's and Greggs.; Ground floor former takeaway/restaurant (stripped out). HB desktop allowance: £15,000. Confirm scope through inspection, survey and contractor/QS pricing.

Rental Value

No passing/ERV figure extracted from source particulars. No unsupported market rent has been presented as achieved income.

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases/licences, rent collection, repairing obligations, VAT/business rates, service costs, covenant strength, access and title. ERV is not the same as achieved rent.

Maximum Bid Indicator

Capitalise verified sustainable income at an appropriate yield and deduct buyer premium, works, legal/professional, finance, holding, contingency and required return. SDLT/tax treatment is buyer-specific.

Strategy Recommendation

Income hold/value-add where passing rent and covenant support it; redevelopment only where planning/title evidence supports the alternative use.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★☆☆ | Development: ★★☆☆☆

Key Risks

An opportunity to acquire a former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out. Occupying a prominent location fronting this busy section of Carlton Hill near Domino's and Greggs. A former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out.; Ideal opportunity for both owner occupiers and investors An opportunity to acquire a former Greek takeaway & restaurant with self contained two bedroom living space above, currently stripped out ready for a new fit-out. Occupying a prominent location fronting this busy section of Carlton Hill near Domino's and Greggs.; Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.

Analysis Confidence

High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.