Property Description

An excellent freehold mixed use opportunity to acquire a well equipped detached character building, located along the main arterial road (A6) through the heart of Belper Town Centre being part let part vacant. The ground floor shop has recently become vacant and was previously used by Belper Cycles. We are informed by the landlord the previous tenants were paying a passing rent of £625 per calendar month (£7,500 per annum). Interestingly the shop has recently undergone a scheme of improvement and upgrading and now offers an excellent opportunity for a small business. To the first floor there is a well appointed two bedroom flat (please note the auctioneers have not inspected the flat) with its own separate access located to the rear of the property with quality modern fitments and is currently let on an assured shorthold tenancy agreement at £545 per calendar month (£6,540 per annum). If the ground floor shop were to be let at the previous rental figure, this would produce a combined rental income of £14,040.00 per annum, this would therefore represent an impressive 11.2% return based on the guide price. Belper is an exceedingly sought after location with an excellent range of amenities. The city of Derby lies approximately 8 miles to the south. Famous Chatsworth House is a short commute away.

Please note:

Photos have been supplied by the letting agent before tenancy commenced. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

---