Property Description

DRAFT DETAILS A freehold mixed use property located along Granby Street, Ilkeston comprising former fruit and vegetable shop and two bedroom apartment above. The property comprises an end of terrace three storey brick built building with a former fruit and vegetable shop to the ground floor and a two bedroom apartment above. The ground floor retail unit has a glass frontage with roller shutters along with spacious main trading area beyond which is a food preparation area and separate WC. The unit is serviced with a gas boiler (not tested). There is a courtyard to the rear with a roller shutter giving access to Lower Granby Street. We have been verbally advised that the equipment will remain in situ and the unit was trading as a fruit and vegetable shop previously. The unit benefits from full height cellar which we feel could be utilised. The first floor has access from the rear of the unit, with the configuration meaning that separate tenants could be easily accommodated with minimal expense. The stairs leading to the first floor have been recently replaced and lead to a large and spacious landing , large living room, pantry, bathroom with a bath and space to install a shower, along with a fitted kitchen. The apartment is serviced by a gas boiler (not tested). Stairs from the landing lead to the second floor which comprises 2 double bedrooms with fitted wardrobes. We have been advised that an advertising board was previously located on the side of the building owing to its high level of passing footfall. This along with renting the building out to one or two separate tenants could produce a yield of circa 20% at the guide price.

Tenure

Freehold

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