Market Street, Chesterfield
- Excellent investment opportunity
- Current yield of 6.1% based upon asking price
- Ground floor lock up retail unit
- In the heart of Clay Cross
- Close to ample free parking
- Let to a successful beauty business since 2011
*** EXCELLENT INVESTMENT OPPORTUNITY ***
Situated in an excellent prominent location on Market Street in the heart of Clay Cross, the premises provide a ground floor retail sales shop of 574 sq.ft. / 53.3 sq.m. approx. which has been let since 2011 to a successful beauty business.
The premises are well situated in the heart of Clay Cross town centre on Market Street, now considered by many to be the main High Street' position within Clay Cross ensuring excellent passing trade and transport links, and also with the benefit of an extensive surrounding population and an array of local amenities, with ample free parking in the vicinity.
The premises comprise of a ground floor lock-up retail shop extending to 574 sq.ft. / 53.3 sq.m. Approx. Which has been reconfigured and refurbished by the tenants in occupation who have occupied the premises since 2011.
The tenants have split the premises to provide a main reception and nail bar area, beyond which are two private treatment rooms, a hair dressing area and a staff area beyond with WC facility. Since occupation of the premises the tenants, Angelic Nails, Beauty and Inner Health, have gone from strength to strength with a loyal customer base within the locality. The tenants appear to have looked after the premises well, maintaining their obligations under the lease.
A viewing is essential to appreciate the investment opportunity on offer.
Strictly by appointment with Fishwick & Co (01246 558995) please do not approach the tenants directly so as to ensure minimum disturbance of the tenants in occupation.
Mains water, electricity and drainage services have previously been connected to serve the premises. Continuation of connections and supply have not been confirmed, and should be checked by any prospective purchaser.
The premises are offered for sale with the benefit of the current tenant in occupation, established in 2011.
Current rental income of £70 per week, equating to £910 per quarter or £3,640 per annum payable quarterly in advance, exclusive of non-domestic rates, V.A.T. And the usual tenant's outgoings.
Entered in the Rating List at £5,500 Rateable Value under the description of Shop and Premises.
N.B. A successful application for small business relief will exempt the occupier from payment of non-domestic rates under current arrangements...
North East Derbyshire District Council.