Summary - 103, ILKESTON ROAD NG7 3HA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prominent high street location on Ilkeston Road (A609)
- Close to the University of Nottingham Jubilee campus
- Conditional planning permission for a three-bedroom HMO (C4 Use)
- Generous total area of 1,410 square feet
- Mixed-use property: retail space with potential for residential conversion
- Traditional Victorian architecture with significant character
**Potential Concerns:**
- Above average crime rates in the area
- Condition and maintenance requirements of a mixed-use property
- Located in a deprived area, impacting lifestyle factors
This expansive mixed-use property presents a unique investment opportunity in a vibrant, cosmopolitan student neighborhood near the University of Nottingham. Spanning 1,410 square feet, the ground floor is currently equipped as a fully fitted hot food takeaway, offering a prime spot for ongoing commercial activity. Above, the upper floors house a self-contained two-storey apartment, ripe for conversion to a three-bedroom House in Multiple Occupation (HMO) with the granted planning permission—a lucrative prospect for rental income.
The Victorian brick façade adds charm and character, while the location ensures high visibility and accessibility for potential business and rental clients. With abundant local amenities, from restaurants and bars to healthcare, this property is perfectly positioned to attract students and young professionals alike. While the area's above-average crime rate and designated deprivation level warrant consideration, the property's flexibility for modern upgrades and its prime location make it a compelling choice for first-time buyers, investors, or those looking to capitalize on the growing rental market. Don’t miss this chance to secure an exclusive spot in Nottingham’s thriving student landscape!
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