This property is no longer on the market
Office
Property description & features
- Tenure: Freehold
- New lease agreed on the 16th of October 2023 for the ground floor for £1000 PCM 2 Year Lease
- Investment Opportunity
- Mixed Use Commercial and Residential Property
- Ground Floor Office
- First Floor Two Bedroom Accommodation
- Generating Approximately £18,420 Per Annum
- Freehold Title
We are pleased to offer to auction this fantastic mixed-use investment property. The two-storey property is situated in a prominent high street location on Derby Road, Heanor. The property is located within easy reach of amenities and transport links. This property comprises of a ground floor office, currently leased by Whitegates Estate Agents at £12,000 per annum. To the first floor is a two bedroom flat with a bathroom, lounge and kitchen which we are advised is currently tenanted at £535 per calendar month. This property currently generates approximately £18,420 per annum making it an ideal opportunity for investors.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Derby Road, Heanor, Derbyshire. Derby Road is an established commercial location, and is close to all local amenities.
Accommodation
GROUND FLOOR
Office space tenanted by Whitegates Estate Agents.
FIRST FLOOR
Two bedroom flat with a kitchen, lounge & bathroom.
Tenancy Information
The ground floor commercial is tenanted at £12,000 per annum on a 2 year lease which commenced on the 16th of October 2023. This tenant has recently signed a new agreement to extend this term for another 2 years from 1st of November 2023 to 31st October 2025.
We are advised the first floor flat is tenanted at £535 per calendar month.
This property currently generates a total income of £18,420 per annum.
Tenure
Freehold. TITLE NUMBER: DY143451
Rateable Value
The current rateable value is £5,200 (1 April 2023 to present).
Sourced from VOA
EPC
Both available upon request (Rating D).
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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