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See how verdicts work2-bedroom property · NG5 1AD
Listing removedListed 545 days
Opportunity summary
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About
** Guide Price £220,000 - £230,000** **must see!** Robert Ellis are pleased to present this superb investment opportunity in the popular area of Carrington.
This freehold property includes a ground floor retail unit and a self-contained two-bedroom apartment above.
The shop, formerly used as a hair salon, features a main sales area, rear kitchen space, WC, and a treatment room making it ideal for a range of businesses.
The apartment, accessed separately from the rear, offers two bedrooms, a lounge, kitchen, bathroom, and WC.
Perfectly located on a busy road close to local amenities and transport links, this property offers excellent potential for both rental income and owner occupation.
Robert Ellis Estate Agents are pleased to bring to the market this rare and versatile freehold property, offering a unique investment opportunity in the heart of Carrington.
Ideally positioned on a busy road with high visibility, this prominent building combines a ground floor commercial space with a self-contained two-bedroom apartment above.
The ground floor retail unit, most recently operating as a hair salon, comprises a bright and welcoming main sales area to the front.
To the rear of the shop, there is a kitchenette, WC facilities, and a separate treatment room or office, making the space suitable for a variety of business uses, subject to any necessary consents.
The layout is practical and adaptable, ideal for both owner-occupiers and investors looking to lease the unit.
The first-floor apartment is accessed via a separate entrance to the rear of the building, providing privacy and independence from the commercial space below.
The accommodation includes an entrance hall, two good-sized bedrooms, a spacious lounge, a separate kitchen, a bathroom, and an additional WC.
This self-contained flat offers comfortable living for tenants or could be occupied by the business owner.
Located in the ever-popular area of Carrington, the property benefits from excellent access to local amenities, public transport, and Nottingham city centre.
With its dual-income potential and strong location, this is a fantastic opportunity not to be missed. Contact Robert Ellis today to arrange your viewing of this ideal investment property.
Outside Front Of Property To the front of the property there is are steps leading to the retail unit entrance door, on the road parking is available.
Rear Of Property To the rear of the property there is a secure gated rear patio area with fire door exit from the retail unit and stairway leading up to the entrance door to the flat above.
Flat Entrance Porch/Utility Space (2.48 x 2.12 approx (8'1" x 6'11" approx)) UPVC double glazed entrance door to the rear elevation, double glazed windows to the rear and side elevations, vinyl flooring, double wooden doors leading through to the kitchen, ample space for storage.
Kitchen (3.82 x 2.90 approx (12'6" x 9'6" approx)) Linoleum flooring, a range of wall and base units with worksurfaces over incorporating a sink and drainer unit with mixer tap above, tiled splashbacks, space and point for a cooker, space and point for a freestanding fridge freezer, serving hatch to the lounge, wall mounted boiler, sliding door leading through to the inner hallway.
First Floor Landing Carpeted flooring, wall mounted radiator, storage cupboard, sliding door to the kitchen, door to lounge, door to bathroom, door to separate WC, staircase leading down to the retail unit, staircase leading to the second floor landing.
Lounge (4.63 x 3.63 approx (15'2" x 11'10" approx)) Carpeted flooring, wall mounted radiator, TV point, feature fireplace, double glazed windows to the side and front elevations, serving hatch to the kitchen.
Bathroom (1.96 x 1.58 approx (6'5" x 5'2" approx)) Vinyl flooring, double glazed window to the rear elevation, tiled splashbacks, chrome heated towel rail, vanity wash hand basin with mixer tap, panelled bath with electric shower over.
Separate Wc WC, single glazed window to the hallway. Second Floor Landing Loft access hatch, wall mounted radiator, double glazed window to the rear elevation, doors leading off to bedrooms.
Bedroom Two (3.64 x 2.94 approx (11'11" x 9'7" approx)) Carpeted flooring, wall mounted radiator, double glazed window to the rear elevation.
Bedroom One (4.66 x 3.66 approx (15'3" x 12'0" approx)) Carpeted flooring, two wall mounted radiators, double glazed window to the front elevation.
Retail Unit Shop Floor (10.03 x 4.62 approx (32'10" x 15'1" approx)) Single glazed door to the front elevation with single glazed fixed panels either side, laminate floor covering, door to staircase leading to the first floor landing of the apartment, door leading to the cellar, door leading to rear hallway.
Rear Hallway (1.42 x 2.47 approx (4'7" x 8'1" approx)) Laminate floor covering, door leading to the kitchen, door leading to the office.
Kitchen (1.44 x 1.65 approx (4'8" x 5'4" approx)) Vinyl flooring, double glazed window to the side elevation, base units incorporating a sink and drainer unit with separate hot and cold taps, space and point for a fridge freezer, further wash hand basin with separate hot and cold taps, door to WC.
Wc (0.82 x 1.45 approx (2'8" x 4'9" approx)) WC, single glazed window to the side elevation.
Office (2.55 x 2.93 approx (8'4" x 9'7" approx)) Worksurface space, sink with cold tap and electric heated tap above, dado rail, laminate floor covering, double glazed window to the side elevation, fire door leading to the rear patio space.
Agents Notes: Additional Information Council Tax Band: A Local Authority: Nottingham Electricity: Mains supply Water: Mains supply Heating: Mains gas Septic Tank : No Broadband: BT, Sky, Virgin Broadband Speed: Standard 20mbps Ultrafast 1000mbps Phone Signal: 02, Vodafone, EE, Three Sewage: Mains supply Flood Risk: No flooding in the past 5 years Flood Defences: No Non-Standard Construction: No Any Legal Restrictions: No Other Material Issues: No Ground floor shop with two-bedroom apartment above – carrington, nottingham ideal investment opportunity!
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 106, Hucknall Road, Nottingham
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