Property Description

Occupying a highly convenient location in the beautiful and historic Spa Town of Matlock, is a stone built property formerly an a la carte restaurant, now converted into 2 x one bedroomed self-contained flats (one being a studio flat) and producing a combined rent of £10,440 per annum. This equates to a 8.3% return based on the guide price. Flat Two is the ground floor flat and is let on an assured shorthold tenancy producing £450 per calendar month and in our opinion offers scope for rental increase. The accommodation for flat two comprises an open plan living kitchen lounge with centre island unit and steps leading to a generous sized double bedroom with part vaulted ceiling and en-suite shower room. The communal entrance hall leads through to First Floor Studio Flat currently let on an assured shorthold agreement producing £420 per calendar month and in brief comprises an open plan living kitchen, bedroom with storage and en-suite bathroom. The beautiful Spa Town of Matlock is an exceedingly sought after location boasting a picturesque town centre, an abundance of amenities including local supermarkets, fashionable pubs, restaurants plus a range of independent shops, the River Derwent and well renowned primary and secondary schools. The nearby famous Chatsworth House is situated within a short commute. The property may lend itself to various different uses subject to obtaining the usual planning consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Communal Entrance Hall

Giving access to -

Flat Two

A ground floor flat with accommodation comprising -

Open Plan Living Kitchen Room 17ft6 x 15ft 7 reducing to 12ft

With double glazed window to the front elevation, exposed stone wall, storage heater, useful understair storage cupboard. The kitchen comprises a range of base units with preparation surface, stainless steel sink and drainer, cooker point, plumbing for washing machine and steps leading through to -

Bedroom 13ft 1 x 9ft 6 reducing to 7ft 4

With window to the front elevation, part vaulted ceiling.

En-Suite Shower Room 7ft 4 into shower x 4ft 4 into the window

With obscure glazed window to the rear elevation, recessed shower cubicle, wash hand basin with mixer tap, cupboards beneath with preparation surface and wc.

Note:

The flat is let at £450 per calendar month (£5,400 per annum) and we are informed by the seller that the tenants have been in-situ for 13 years.

First Floor Studio Flat

Having accommodation comprising -

Open Plan Living Kitchen Bedroom 15ft reducing to 6ft 8 x 16ft 9

With double glazed window to the front elevation with loft access, raised bed into the recess with storage beneath, separate built-in cupboard and hanging rail. The kitchen area in cream units comprise wall mounted cupboards with base units, preparation surface with sink and drainer, mixer tap, electric hob, space for fridge freezer and a microwave combi oven.

En-Suite Bathroom 7ft 7 x 5ft 1

Please note this is L-shaped. Comprising a panelled bath with mixer tap, shower unit over with shower rail, low level wc, pedestal wash hand basin, extractor fan and airing cupboard with louvre doors.

Note:

The flat is let at £420 per calendar month (£5,040 per annum).

Tenure

Freehold

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