Overview
- Retail
Description
Location
Description:
Comprising a semi-detached building of traditional brick construction with a pitched tiled roof above. The ground floor space has most recently been used as an optician / clinic benefiting from two front entrance doors off Wirksworth Road and secondary access to the rear. The accommodation is well presented and benefits from a kitchen to the rear and toilet facilities. The first floor and roof space has been converted into two duplex flats both comprising of a living / kitchen accommodation at first floor level with bedrooms at second floor level.
Location:
The property is centrally located at the junction of Wirksworth Road and Derby Road (A6) which provides access to Derby to the south (approx. 5 miles) and Belper to the north (approx. 3 miles). Duffield is a prosperous residential commuter village with an established neighbourhood retail offering to include a Co-Op food store adjacent to the property.
Tenure:
The freehold of the property is available subject to 3 tenancy agreements as below:
Unit 4a - Duplex flat Let on an Assured Shorthold Tenancy for an initial fixed term of 12 months from 9th August 2024 and then monthly thereafter. Rent £895 per month (£10,740 per annum.
Unit 4b - Duplex flat Let on an Assured Shorthold Tenancy for an initial fixed term of 6 months from 1st April 2026 and then monthly thereafter. Rent £795 per month (£9,540 per annum).
Unit 6 - Ground floor retail / clinic Let to Midland Optical Enterprises Ltd (Company No. 11614654) on a 5 year lease expiring on 27th June 2029. Annual rent £10,800 per annum payable monthly in advance.
The tenant has an Experian rating of 100 giving a Very Low Risk rating.
Total current income - £31,080 per annum.
Price:
Exclusive price of £395,000. A purchase at this level gives a Net Initial Yield of 7.5%.
Summary
Key points
- Mixed use investment opportunity
- Fully let to 3 tenants
- Ground floor retail / clinic
- Two duplex residential flats
- Current income £31,080 per annum
- Centrally located in Duffield
Contact
Harris Lamb
Tel: 0121 4559455
Mike Burr
mike.burr@harrislamb.com
Harris Lamb
Tel: 0121 4559455
Andy Groves
andrew.groves@harrislamb.com
EPC
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