53 Abbey St 1,334 SF Retail Condo Unit Offered at $429,188 CAD in Nottingham NG7 2NZ

This three storey property is of traditional brick construction under a pitched roof. The demise comprises a ground floor retail unit with a self contained two bedroom apartment over the first and second floors.

This well-positioned mixed-use investment opportunity is located along Abbey Street, just two miles southwest of Nottingham city center. The property comprises a traditional brick-built structure under a pitched roof, arranged across three floors. The ground floor provides a retail unit accessed directly from Abbey Street, featuring a main sales area supported by ancillary storage and a WC.
Above the retail space, there is a self-contained two-bedroom apartment extending over the first and second floors. Access to the residential accommodation is via a separate entrance to the rear, where a fully fitted kitchen, living room, and shower room occupy the first floor, while two generously sized bedrooms are situated on the second floor.
The property is offered freehold with a secure income stream in place. A 10-year lease commenced in February 2025 with a passing rent of £18,500 per annum, providing a current Gross Initial Yield of 8.04%. Rent reviews occur every third year, with the next review scheduled for October 2026. Positioned in an established mixed-use area with strong transport connectivity via the A52, A6514, and the Gregory Street tram stop, this property represents a robust long-term investment with reliable income generation potential and growth prospects.