The Old Builders Yard, Perlethorpe Avenue, Nottingham

Description

A freehold lock-up unit with secure yard located off Perlethorpe Avenue and offered with vacant possession upon completion. The site benefits from a yard to the front with space to park and secure gates. Roller shutters secure the entrance to the unit and there are uPVC doors and windows. The unit benefits from electric and water and has a fibreglass roof. The main unit extends to approximately 280 sq.m NIA with a separate WC and kitchen area. There is a closed off cellar beneath giving scope for additional storage, accessed via a path to the side of the property.

Accommodation

Main unit extending to approximately 280 sq.m NIA, separate WC, kitchen area and a closed off cellar beneath accessed via a path to the side of the property.

Location

Situated in an established residential area of Sneinton in Nottingham, approximately 0.7 miles from Nottingham city centre and 0.75 miles from Nottingham railway station, with access to public transport and the wider transport network.

Tenure / Property Information

Investment Analysis

The property is a 280 sq.m freehold commercial lock-up unit with secure yard and vacant possession. The supplied sold comparables are nearby residential houses and are not sufficiently comparable for valuing this commercial asset. No commercial sales, rental evidence, formal valuation or auctioneer rent estimate is supplied, so GDV and market value cannot be reliably estimated. The £3,000 buyer fee including VAT is known; further special-condition fees may apply.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain a commercial valuation, rental appraisal, planning/use confirmation, title and special-conditions review, and a building inspection before considering an owner-user or commercial investment strategy.

Works Required

No specific refurbishment defects or works are evidenced. Allow for inspection and verification of the unit, fibreglass roof, roller shutters, services, WC, kitchen, cellar access, secure gates and yard before committing to any works budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR viability cannot be established without a supported commercial GDV, rent, refurbishment budget or refinance valuation. The known acquisition outlay at the guide would be £15,000 plus the £3,000 buyer fee, before any other applicable costs, but this does not establish project viability.

Buy-to-Let Analysis

A BTL yield cannot be established because no sufficiently specific commercial rental evidence or passing rent is supplied. The residential sold comparables do not support a commercial rental assessment. Commercial letting, permitted use and operating costs would require separate verification.

Flip Analysis

A flip surplus cannot be calculated. The supplied residential house sales on Perlethorpe Avenue are not appropriate evidence for the value of a 280 sq.m commercial lock-up unit, and no commercial resale value or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• No sufficiently specific commercial rental evidence or passing rent is supplied.

• The sold comparables are residential properties and do not support commercial valuation.

• No commercial GDV or resale evidence is supplied.

• Special Conditions of Sale may contain additional fees not provided in the evidence.

• No EPC, planning/use information, title review or detailed building-condition report is supplied.

• The condition and suitability of the fibreglass roof, services, cellar, roller shutters and other components require verification.

Recommendation

Do not bid on the current evidence alone. Obtain a commercial valuation, rental appraisal, planning/use confirmation, title and special-conditions review, and a building inspection before considering an owner-user or commercial investment strategy.

Strategy Rating

Analysis Confidence

The property description, tenure, size, vacant possession and buyer fee are supplied, but there are no relevant commercial comparables, rental evidence, EPC, valuation, refurbishment budget or refinance assumptions.