Property Description

***Potential high yielding freehold mixed use opportunity*** Well located in the heart of Duffield Village, is a large mixed use property with ground floor retail unit and two first floor luxury fitted two bedroomed apartments, all offered for sale with immediate vacant possession. In our opinion, the retail unit would let for circa £35,000 per annum. The two apartments we would expect a rental income of £950 per calendar month per unit. The potential combined gross rental income when fully let will be in the region of £57,800 per annum. This represents an impressive 12.1% return based on the guide price. The two-storey building is of traditional brick construction under a pitched tiled roof. The ground floor features an attractive period style wooden frame retail frontage which has been painted blue. The first floor is rendered in white with grey painted attractive sash window frames. The property comprises a ground floor retail/restaurant premises which has been extended and renovated in part. Externally there is access to a small, shared courtyard. The property is currently in a shell condition. The first floor comprises of two apartments, both of which have been newly refurbished to a good standard and consist of two double bedrooms, a kitchen and bathroom. Both flats are currently vacant and ready to let. There is no allocated parking available for the premises. The property is located in a strong prominent roadside position on Town Street (A6) in the heart of Duffield, an affluent village within the Amber Valley district of Derbyshire. The A6 is an extremely busy key arterial route linking Derby city centre some 5.5 miles to the south and onto Belper (3 miles), Matlock (13 miles) to the north and beyond. Duffield is an affluent village and a predominantly residential catchment, with this section of Town Street being the main retail and leisure offering with nearby occupiers including Birds Bakery, Treetops Hospice, and the Co-operative Food.

ACCOMMODATION:

The building comprises the following -

Ground Floor - Class E retail/restaurant/bar.

1,588 sq.ft (148 sq.m)

Flat A

635 sq.ft (58 sq.m). The flat comprises kitchen, bathroom, living room, two bedrooms.

Flat B

775 sq.ft (71.9 sq.m). The flat comprises kitchen, bathroom, living room, two bedrooms.

NIA

2,998 sq.ft (279 sq.m)

Tenancies

The first-floor residential flats are currently vacant. The ground floor retail/restaurant premises is currently vacant and benefits from an alcohol license. The ground floor has been marketed at a guide rental of £27,000 per annum.

Note

Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Conservation Area

We have been made aware this property is in the Duffield conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.

Council Tax Bands

Both apartments have a council tax band of A.

Flood Risk

Rivers and Seas - Medium. Surface Water - Very low

Building Construction

Solid brick, with internal insulation - Information taken from EPC.

Broadband (estimated speeds)

Standard 17 mbps, Superfast 80 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

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

Satellite and Cable TV Availability

Sky, Virgin and BT show as available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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