Property Description

An excellent freehold investment opportunity to acquire a high yielding mixed use property, currently producing a combined rental income of £14,400 per annum. This represents a 11.2% return based on the guide price. The imposing and spacious three storey property has an impressive double fronted, refurbished, ground floor lock up sales shop with air conditioning, cellar, two sales areas and WC. Externally, there is a useful storeroom to the rear. To the first and second floors, there is a spacious two double bedroomed living accommodation with separate access to the rear, comprising entrance hall, lounge, kitchen and on the second floor two bedrooms and shower room. Both units are let at £600 per calendar month with the shop currently used for storage purposes. Please note the photos are of the previous hair salon no longer in business. The property is well located in the heart of the historic market town on the popular one way street of Church Street. The nearby A38 provides swift access onto the city of Derby and the M1 Motorway.

Front Sales 4.95m x 3.52m (16ft3 x 11ft7) -

Double glazed part glazed entrance door, double glazed windows, luxury vinyl flooring, with ceramic tiled floor beneath open plan to

Under stairs WC 1.31m x 0.95m (4ft4 x 3ft1) -

Containing a low flush WC, wash hand basin and splashback tiled walls, extractor fan

Rear Sales Area 6.13m x 2.95m (20ft1 x 9ft8) -

Exposed feature brick built fireplace with stone lintel, luxury vinyl flooring, wash hand basin with mixer tap, cupboard houses the hot water cylinder and there is a UPVc fire exit door opening to the rear.

To the first floor:

External covered open riser staircase rises to the first floor and provides access to the first floor flat.

Entrance Hall 3.39m x 2.39m (11ft1 x 7ft10) -

Dog leg staircase with turned spindles to balustrade rising to the first floor, dado rail, UPVc double glazed window.

Lounge 5.25m x 3.73m (17ft3 x 12ft3) -

Two UPVc double glazed windows, radiator, electric fire to Adam style fire surround with tiled hearth, coving to ceiling.

On the second floor:

Landing, UPVc double glazed window and radiator, dado rail, floor to ceiling storage cupboard.

Front Bedroom One 3.75m x 2.74m (12ft4 x 8ft12) -

UPVc double glazed window with secondary double glazing and radiator, picture rail and a range of wardrobes and interconnecting door to bedroom two.

Front Bedroom Two 3.67m x 2.28m (12ft0 x 7ft6) -

UPVc double glazed window with secondary double glazing, dado rail and radiator.

Shower Room 2.28m x 1.47m (7ft6 x 4ft10) -

Containing a white suite comprising walk in shower enclosure with Mira electric shower, aqua shower boarding, sliding shower screen, spot lighting to the ceiling, pedestal wash hand basin with mixer tap, low flush WC, half tiled walls and UPVc double glazed window.

Outside to the rear:

Shared pedestrian right of way with access from Wall Street.

Storeroom 5.35m x 2.86m (17ft7 x 9ft5) -

This single storey brick built unit was formerly a walk in fridge. Single drainer sink unit with storeroom off. Fluorescent lighting to the ceiling Heatrae Sadia Hot flow hot water heater, plumbing and space for washing machine.

Flood Risk

Surface Water - Medium

Building Construction

Solid brick, as built, no insulation (assumed) - Information taken from EPC.

Broadband

Standard 20 mbps is showing as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky and BT show as available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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