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Station Road, Langley Mill, Nottingham

East Midlands

£500,000

Listed on 13/10/2023

The listing

Property details

Bedrooms
N/A
Type
Plot

Description

This property presents a compelling opportunity for renovation or redevelopment, currently utilized as a car wash and vehicle sales lot on a 0.3-acre site. The existing lease agreements can be provided upon request, offering potential buyers insight into current operations. The property comes with approved planning permission for the construction of 14 two-bedroom apartments, complete with 21 secure parking spaces and associated amenity areas (referenced under AVA/2007/1165). Importantly, a land contamination study has already been completed, which can streamline further development processes. Notably, the design includes ground floor units that are fully accessible, adhering to modern accessibility standards. The total proposed floor area is approximately 915 square meters (9,850 square feet), highlighting the scale of this investment opportunity. Additionally, there is planning approval for a change of use that would allow for continued operations as both a car wash and a vehicle sales outlet (AVA/2020/0861). The site’s flexibility means it could potentially accommodate various other uses—subject to obtaining necessary permissions—including a care home, hotel, or retail space. Strategically located within walking distance to Heanor Town Centre and Langley Mill Station, the property benefits from excellent transport links via the nearby A610 bypass, providing easy access to the M1 motorway, Nottingham city center, and the scenic Peak District. The surrounding area features numerous cafes and shops as well as bus routes connecting to neighboring towns and Giltbrook Shopping Park. Overall, this site not only offers immediate operational potential but also significant long-term investment possibilities in an evolving neighborhood.

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Map

Location

Station Road, Langley Mill, Nottingham
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Transport

Nearest stations

  • Langley Mill Rail Station

    0.2 miles

    Train · Langley Mill

  • Ilkeston Rail Station

    3.1 miles

    Train · Ilkeston

  • Phoenix Park Tram Stop

    5.5 miles

    Tram · Phoenix Park

  • Newstead Rail Station

    5.6 miles

    Train · Newstead

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£2,043
Based on a loan of £375,000 over 30 years at 5.13% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

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