38a St Mary's Gate Chesterfield, Derbyshire

£425,000

Main Image
Floor plan
Main Image
Floor plan
  • Rare town opportunity
  • Freehold investment
  • Current rent yield £24,000 per annum
  • Extensive retail space
  • Over three floors
  • All double glazed windows, except shop front
  • Car parking
  • Viewing strictly by appointment via the agents

Overview

A RARE COMMERCIAL FREEHOLD OPPORTUNITY ENJOYING AN ESTABLISHED EDGE OF TOWN CENTRE LOCATION, CURRENTLY PROVIDING EXTENSIVE GROUND FLOOR RETAIL SPACE WITH STORAGE ROOMS TO THE FIRST AND SECOND FLOORS OFFERING POTENTIAL FOR ALTERNATIVE USE.

Description

The rare advantage of a private car park offers opportunity for staff, visiting trade or perhaps to additional income and would aid any future redevelopment of the building, if ever required (and subject to planning consent). The premises are currently let on a 7 year fully repairing and insuring lease with an option for a further renewal. Current rent passing £24,000 per annum.

For further enquiries contact the agents Matlock Office 01629 580228.

Location
The premises stand along St Mary’s Gate, on the fringe of the town’s central shops, bars and other amenities. Chesterfield is a large market town with excellent commuter links; on the direct Edinburgh to London train line, and J29 of the M1 is within 5 miles, Sheffield less than 10 miles.

Accommodation
Ground Floor:
Main retail space 8.14m x 4.85m
Rear retail space 5.15m x 3.98m
Office 1.70m x 1.28m
Reception space 3.50m x 3.34m
Retail warehouse 12.07m x 7.15m
Delivery store
Cellar 5.72m x 4.85m

First Floor:
Store room 1 4.85m x 4.20m
Office 3.94m x 3.07m

Second Floor:
Store room 2 4.85m x 4.20m
Store room 3 3.94m x 3.07m

Business Rates
The Valuation Office lists the property as Shop and Premises with a Rateable Value of £ TBC, at 1st April 2023.

Energy Performance Certificate (EPC’s)
An EPC can be made available.

Current Lease Terms & Asking Rent
Property currently let on a 7 year full repairing and insurance lease with an option to renew for a further 7 years. Current rent yield £24,000 per annum.

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.

Legal Costs
Each party is to bear their own costs.

Directions
From the Lordsmill roundabout in Chesterfield, take Lordsmill Street towards the town and just before the approaching traffic lights, no. 38a can be found on the right hand side (currently trading as Huckleberry Willow).

VIEWING
Strictly by prior arrangement with the Matlock office 01629 580228.

Ref: FTM10513