Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment occupying a prominent, prime, corner position on the pedestrianised High Street of Chesterfield.
Arranged as two retail units, the property is part let. The rear unit, known as 9 Irongate, is let to a private individual trading as Cobblers Cafe on a lease expiring 09/01/2028 and producing a rent of £8,295 per annum.
The unit fronting the High Street is currently vacant and offers approximately 4,300 sq ft of accommodation. The unit occupies a prominent position with a frontage to the pedestrian High Street and a return frontage to Irongate. The property includes some 3,000 sq ft of vacant upper parts which may suit development/conversion to alternative uses (subject to obtaining the requisite consents).
Alternatively, the unit could be let on a single lease, similar to adjacent properties. We consider the ERV of the unit on this basis to be in the region of £40,000 per annum.
Chesterfield is a major market town and rail hub, the subject property sits on the prime retail pitch and benefits from a prominent frontage to Market Place.
Tenure
Freehold
Tenancy
The rear unit, known as 9 Irongate is let to a Private Individual trading as Cobblers Café on a lease expiring 09/01/2028 and producing a rent of £8,295 per annum. The lease is on full repairing and insuring terms.
Rent