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Investment

Investment For Sale Derby

PROPERTY ID: 130102

PROPERTY TYPE

Investment

STATUS

Available

SIZE

549 sq.ft

Key Features

• Located in an established neighbourhood shopping centre
• Public shopper’s car parking in adjacent parade
• Attractive and characterful ground floor sales/salon premises
• Well presented first floor flat let and incoming producing
• Of interest to investors or owner occupiers

Property Details

Location

The premises are located in the popular residential suburb of Spondon, some 3.5 miles east of Derby‘s City Centre.

The subject property occupies a prominent position, flush fronted to the pavement and immediately adjacent Chapel Side, a purpose built parade of ‘shop‘ units set back from Chapel Street by virtue of a free forecourt shopper‘s car park.

The Premises

The property comprises a detached two storey building believed to be of single skin brickwork, having been insulated and rendered externally, beneath a hipped and pitched tiled roof.

The current owners acquired the property in 1997 and have carried out significant works of renovation and refurbishment to provide an attractive and characterful split level hairdressing salon with ancillary WC and kitchen/staffroom/laundry to the rear.

An external steel staircase provides access to a well presented self- contained one bedroom flat at first floor level.

The flat has the benefit of gas fired central heating and UPVC double glazing

Accommodation

The premises have been measured on a Net Internal Area (NIA) basis in accordance with the RICS Code of Measuring Practice 6th Edition.

Ground Floor

Sales Area                  420 sq ft (39sq m)

Staffroom/Laundry    129 sq ft (12sq m)

First Floor

Entrance Hall

Lounge                       12‘1&rdquo x 10‘8&rdquo (3.68 x 3.24m)

Kitchen                         8‘11&rdquo x 7‘7&rdquo (2.72 x 2.31m

Bathroom                   

Bedroom                     12‘1&rdquo x 10‘3&rdquo (3.67 x 3.12m)

Measurements and floor areas are provided for guidance only and should not be relied upon by interested parties.

Services

All mains services are available and connected.

Non-Domestic Rates

We have established from the Valuation Office website that the premises are assessed for Non Domestic Rates as follows

Shop and Premises         Rateable value £12,250

The current multiplier is  0.499.

You may qualify for Non-Domestic Rates Relief.

All rating information should be verified with the Rating Department at Derby City Council who can be reached on 01332 293111.

Town & Country Planning

We believe that the premises have the benefit of a permitted use falling within Class E of the Town & Country (Use Classes) Order 2020.

However, interested parties should make their own enquiries of Derby City Council Planning Department to verify that this is the current position.

Terms

The ground floor premises are currently vacant as the owner of the property has now retired.

The first floor flat is let and currently producing £495 per calendar month.

Price

£195,000 for the freehold property.

Value Added Tax

All figures are quoted net of VAT.

Identity checks

In order to comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.

About the Agent

Raybould and Sons

See Agent's Other Properties

Freehold Shop & Flat

POA

29 Chapel Street, Derby, DE21 7JP
Investment - Available
549 sq ft
51 sqm
Show phone number

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