24 January 2024: Wednesday 24 January 2024 - 9:00am
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    Key features

    • High Yielding Mixed Use Investment
    • Ground Floor Retail with Residential Upper Parts
    • Fully Let - Producing £19,200 per annum
    • Asset Management Potential
    • Established and Popular Location
    • Guide Price Reflects 17.5% Gross Yield
    • No VAT
    • Eight Week Completion Available

    Description

    The property comprises a high yielding mixed use investment forming part of a popular local parade.

    Arranged across ground and first floors, the property is fully let; producing £19,200 per annum.

    The ground floor is arranged as an estate agents office and is let to Whitegates, an established brand with 33 branches throughout Northern England and the Midlands. The tenant has been in occupation since 2018 on a lease expiring 31/10/2025 and paying £12,000 per annum.

    The first floor benefits from separate access and is arranged as a single residential unit. The flat is let on an Assured Shorthold Tenancy (AST) producing £7,200 per annum (£600 pcm).

    The property is situated on a popular street within Heanor; a busy market town on the edge of the Peak District and within commuting distance from Derby, Nottingham and Sheffield.

    Additional information

    Tenure

    Freehold

    Rent

    £19,200 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      • Langley Mill Station - 1.3 miles
      • Derby - 9.4 miles
      • Nottingham - 11.3 miles
      • Mansfield - 13.6 miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums