Overview
NO UPWARD CHAIN - A rare freehold investment opportunity enjoying a prime town centre position, ground floor retail premises, plus two letting flats.
Description
Location
Matlock is well served with local, regional and national traders (including M&S Food) and is an established visitor centre with growing tourist trade and well established local trade. A pay train service links the city of Derby and other towns to the south and good road communications ensure access to the M1 motorway, Manchester in the north and the attractions of the Derbyshire Dales and Peak District.
Description
Enjoying a prominent location along one of Matlock’s principal retail roads, this traditional stone built mixed use premise presents an excellent investment opportunity. The property comprises an established ground floor retail / commercial unit, whilst above there are two letting flats to the first and second floors, all three independent units are separately let offering immediate and regular investment income.
The town centre location is particularly convenient for tenants who can reach the wide range of local shops, bars and other amenities, whilst the trading location from the ground floor is established and sought after, benefiting from ample passing footfall and prominence to traffic entering and leaving the town.
Accommodation
No. 63 Ground Floor
Open plan reception or retail area – 8.20m x 4.94m maximum, with a glazed frontage which incorporates a recessed display entrance, character exposed brick wall and fireplace.
Office – 3.60m x 3.25m, accessed from the rear of the retail area with external door to the enclosed yard at the back. A further door leads through a small lobby to a Kitchen and WC
Outside
An enclosed rear yard.
No. 63a First Floor Flat
A comfortable flat including a living / dining kitchen, double bedroom, sitting room / bedroom 2, bathroom.
No. 63b Second Floor Flat
Comprising breakfast kitchen with dormer window, sitting room with dormer window, double bedroom, bathroom.
Tenure and Leases
The property is offered Freehold.
No. 63 - Ground Floor current rent £12,000 per annum (£1,000 pcm)
No. 63a – First Floor current rent £6,600 per annum (£550 pcm) periodic Assured Shorthold Tenancy
No. 63b – Second Floor current rent £6,000 per annum (£500 pcm) periodic Assured Shorthold Tenancy
Business Rates
The Valuation Office lists the property as Shop and Premises with a Rateable Value of £8,400, as from 1st April 2023.
Council Tax
Both flats have a Council Tax rating of Band A (Derbyshire Dales District Council).
Energy Performance Certificate (EPC)
EPCs are available upon request.
Services
All mains services are available to the property, which enjoys the benefit of gas fired central heating. No test has been made on the services or their distribution.
Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser / tenant.
Directions
From Matlock Crown Square, cross over the bridge and bear left onto Dale Road. No. 63 can be found on the left hand side after approx. 50m, identified by the agents For Sale board.
Viewing
Strictly by prior arrangement with the Matlock office 01629 580228.
Ref FTM10916