Excellent freehold mixed-use investment opportunity

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For Sale

An excellent opportunity to acquire these well positioned mixed-use premises comprising of a ground floor retail lock-up shop extending to 785 sq.ft / 72.94 sq.m approx, with a large three bedroom flat above.

Description - The premises are well situated in Newbold Village on the B6051 a main arterial route into Chesterfield Town Centre ensuring excellent passing trade and transport links, and also with the benefit of an extensive surrounding population and an array of local amenities.

The premises comprise of a ground floor lock-up retail shop extending to 653 sq.ft. / 60.69 sq.m. Approx. With a useful additional store of 132 sq.ft / 12.25 sq.m. Approx. Off which is a WC facility. Above the shop is a comfortable and spacious three-bedroom flat which has been well maintained by the current owners during their ownership.

Fully let the premises have the potential to produce an income in the region of £14,760 per annum based on rents currently and previously achieved, and so provide an attractive investment opportunity.

Alternatively with the ground floor currently being vacant, the premises provide a rare opportunity to purchase premises for your business with the benefit of a spacious flat above which is already let and providing an income.

A viewing is essential to appreciate the potential on offer.

Ground Floor Shop - The ground floor retail sales shop provides an excellent open plan space suitable for a variety of occupiers, having been a specialist tropical fish shop and convenience store/ off-licence in the past.

The shop has been previously let at £180 per week, equating to £9,360 per annum or £780 per calendar month.

First Floor Flat - A conveniently situated self-contained first floor flat, providing spacious and well-presented accommodation throughout. The accommodation is approached via an external staircase to the rear of the property, which in turn is accessed via an electrically operated security gate.

At the top of the stairs is a useful entrance porch providing cloaks hanging space, with an entrance door leading into the large breakfast kitchen. The kitchen has been recently updated with a contemporary fitted kitchen finished with grey doors and stainless-steel handles, and a contrasting wood block effect work surface.

There is a spacious lounge diner beyond which are three well-proportioned bedrooms, and a large family bathroom with corner bath.

To the rear of the property is a parking area for up to three cars, and there is currently a shed/ garage providing additional storage. This is accessed via a shared access which is secured with an electrically operated gate.

The flat is currently let on an assured shorthold tenancy at £450 per calendar month equating to £5,400 per annum due to expire in December 2019.

Possession - The premises are offered for sale currently on a part-possession/ part investment basis, with the ground floor shop currently being vacant and ready for occupation (though also offered to-let) and the first floor being sold subject to and with the benefit of the current 12 month AST tenancy due to end in December 2019.

Services - Mains electricity, gas, water and drainage are connected to the premises as a whole. Continuation of connections and supply have not been confirmed, and should be checked by any prospective purchaser.

Rating Assessment - The premises are entered in the Rating List at £6,300 under the description of Shop and Premises, likely to qualify for full relief under the small business rates system. 

The flat is listed for Council Tax payments within Band A.

Local Authority - Chesterfield Borough Council

Viewing - Strictly by appointment with Fishwick & Co (01246 558995) 
Email: info@fishwickandco.com)

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