Property Description

Situated in this prominent position in the main square of the Shirebrook shopping area is this double fronted property, featuring a  ground floor retail unit which is currently trading as a curtain and haberdashery store and two x two bedroomed apartments which are accessed from the rear. All properties are currently let and produce an income of £19,800 per annum and we are informed that there is potential to increase the rental yield to £25,000 per annum. 52 Victoria Street - The store has a good open plan sales area of approximately 1,428 sq.ft with double windows and central entrance, beyond which is a useful storage area of approximately 225 sq.ft. a kitchen area, rear lobby and cloakroom/WC. We are given to understand from the seller that a new lease has been signed until 3 September 2025 at a rent of £1,000 per month giving gross annual return of £12,000 per annum. Please check the legal documents for further information. 52a Victoria Street - An apartment with gas central heating system and double glazing and comprising entrance hall, lounge, fitted kitchen and modern bathroom, two second floor bedrooms. Current rent is £325 per calendar month giving a gross annual return of £3,900 per annum. We are informed by the seller that there is potential to increase the rent to £525 per calendar month in accordance with market value. 52b Victoria Street - An apartment with gas central heating system and double glazing and comprising entrance hall, lounge, fitted kitchen and modern bathroom, two second floor bedrooms. Current rent is £325 per calendar month giving a gross annual return of £3,900 per annum. We are informed by the seller that there is potential to increase the rent to £525 per calendar month in accordance with market value.

52 Victoria Street – Retail Unit

Comprises -

Showroom 51ft 3 x 28ft 7 narrowing to 27ft 8 (15.62m x 8.71m narrowing to 8.43m)

Double fronted sales area

Rear Storage Area 15ft 2 x 15ft 1 (4.62m x 4.6m)

With rear fire door exit

Kitchen Area 10ft 4 approx x 9ft 7 (3.15m approx x 2.92m)

With sink unit, gas blow boiler which does require replacement.

Rear Lobby 6ft 8 x 5ft 2 (2.03m x 1.57m)

With sink unit.

Cloakroom/WC

With low flush WC

52a Victoria Street  - Apartment

Comprising -

Entrance Hall

With double glazed door and understairs storage cupboard.

Lounge 13ft 9 x 13ft 10 (4.2m x 4.22m)

With double glazed window overlooking the front square and central heating radiator.

Kitchen 7ft 11 x 7ft 5 (2.41m x 2.26m)

With a range of units comprising wall and base cupboards, working surface with sink drainer sink unit and tiled splashbacks. There is a double glazed window and Ideal wall mounted gas boiler providing for the central heating and hot water.

Bathroom 7ft 11 x 5ft 2 (2.41m x 1.57m)

With a three piece suite comprising panelled bath, pedestal wash hand basin and low flush WC. Extractor fan.

Landing

Leading to -

Bedroom One 14ft 1 max x 8ft 10 (4.3m max x 2.7m)

With double glazed skylight window and radiator.

Bedroom Two 8ft3 max x 8ft 11 (2.51 max x 2.72m)

With double glazed skylight window and radiator.

52b Victoria Street  - Apartment

Comprising -

Lounge

With double glazed door and understairs storage cupboard.

Kitchen

With a range of units comprising wall and base cupboards, working surface with sink drainer sink unit and tiled splashbacks. There is a double glazed window and Ideal wall mounted gas boiler providing for the central heating and hot water.

Bathroom

With a three piece suite comprising panelled bath, pedestal wash hand basin and low flush WC. Extractor fan.

Bedroom One

With double glazed skylight window and radiator.

Bedroom Two

With double glazed skylight window and radiator.

Tenure

Freehold

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