Property Description

A mixed use investment opportunity comprising a mid terrace building currently let to a ground floor retail operator, with two maisonette flats above over first and second floors. The property is let in full to long standing tenants detailing an annual equivalent rent of £21,180 per annum. The ground floor trades as an independent florist and extends to approximately 85SqM (914SqFt) (source EPC). Both flats are separately accessed to the rear of the building and 29a is well presented. Flat 29b has not currently been inspected. There is a car park to the front which is also included in the sale. The property forms part of a small modern mixed use parade of retail and residential units fronting onto Gregorys Way in Belper, a sought after residential location 9 miles north of Derby. The immediate surrounding area is a well established residential location well served by a number of local amenities and facilities including an award winning High Street. There are good motorway transport links nearby for both Derby and Nottingham. Tenancy Details: No.29 is let on a rolling lease at an annual rent of £7,500. No.29a is let on a tenancy agreement expiring 9th March 2025 at £490pcm (£5,880 per annum). No.29b is let on an AST agreement dated 20/10/2023 at £650pcm (£7,800 per annum).

No 29:

Main retail area, kitchen, W.C, Store Room.

Ground Floor -

Entrance hall

First Floor –

Kitchen/Living Room, Bedroom, Bathroom.

Second Floor –

Bedroom, En-suite.

No.29b:

Not inspected internally.

Flood Risk

Rivers and Seas No Risk. Surface Water Very Low.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available.

Broadband (estimated speeds)

Standard 5 mbps. Superfast 74 mbps.

Satellite and Cable TV Availability

BT and Sky are available.

Tenure

Freehold

---