43, 45 & 47 Station Street, Kirkby-In-Ashfield, Nottingham

Description

An excellent investment opportunity for three let shops and further potential to develop the upstairs. Total income of £18,300 per annum, representing an attractive yield of 13.07%, with plenty of scope to improve and increase.

Accommodation

Three shops at 43, 45 and 47 Station Street, with further potential to develop the upstairs.

Location

Station Street provides excellent footfall and ideal transport connections, with easy access to the A38 and M1, making commuting to Nottingham, Mansfield, and Derby straightforward.

Tenure / Property Information

Investment Analysis

The £140,000+ guide is supported by the stated £18,300 per annum contracted income and advertised 13.07% yield (£18,300 ÷ £140,000). This is an implied investment-value proxy rather than a formal valuation. No completed-sale comparables, external rental evidence, tenure details, EPC, condition report or special-condition costs were supplied. The three leases run to 2027, 2028 and 2030 respectively, subject to the supplied lease information.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led commercial investment after verifying all three leases, tenant payment history, repairing obligations, title/tenure, property condition and special-condition fees. Do not rely on the upstairs potential or refinance assumption without documented evidence.

Works Required

No specific works are evidenced. The upstairs is described as having development potential, but no scope, permissions, costs or viability information is supplied. Any works should therefore be limited to condition verification and investigation of the upstairs potential until further evidence is available.

Rental & Market Context

Potential BRRR Position

Using the guide as a base-value proxy, a purely mechanical 75% calculation gives £105,000. Against the £146,720 purchase price plus buyer premium, this leaves an indicative £41,720 before any works, finance, tax, legal costs or unknown special-condition fees. No refurbishment budget, formal valuation, lender terms or commercial refinance evidence is supplied, so BRRR viability is unconfirmed.

Buy-to-Let Analysis

This is a commercial, income-producing investment rather than residential BTL. The supplied passing income is £18,300 per annum, or £1,525 per month equivalent. At the £140,000 guide, the gross yield is 13.07%; including the calculated £6,720 buyer premium, the gross yield on known acquisition cost is approximately 12.47%. Net yield cannot be established because operating costs, repairs, insurance, management, taxes and other fees are not supplied.

Flip Analysis

A flip analysis is not supported. The property is let, no refurbishment scope or cost is supplied, and there is no resale comparable evidence or supported selling-cost allowance. The £140,000 figure is an investment-value proxy based on the guide and stated income, not a confirmed vacant or improved resale value.

Investor Risks & Due Diligence

• Commercial leases may contain repairing, rent review, break or other terms not supplied.

• The three stated rents are contractual income figures, but tenant payment history and arrears status are not evidenced.

• No tenure, title or legal due-diligence information is supplied.

• The upstairs development potential is unquantified and may require permissions, costs and viability assessment.

• Operating costs, insurance, repairs, management, finance, tax and additional auction fees are not supplied.

• The 75% refinance figure is a mechanical calculation only and is not evidence of lender availability or valuation.

• The stated yield is gross and does not account for property or ownership costs.

Recommendation

Consider only as an income-led commercial investment after verifying all three leases, tenant payment history, repairing obligations, title/tenure, property condition and special-condition fees. Do not rely on the upstairs potential or refinance assumption without documented evidence.

Strategy Rating

Analysis Confidence

Passing income, lease dates, guide price and buyer premium are supplied, but there are no comparable sales, external rental evidence, condition details, tenure, operating costs, EPC, refurbishment costs or special-condition information.