197, Sheffield Road, Stonegravels, Chesterfield, S41
SUBSTANTIAL PREMISES IN PROMINENT MAIN ROAD POSITION ON SHEFFIELD ROAD OFFERING AN EXCELLENT INVESTMENT
Substantial premises situated in an excellent prominent main road position on the corner of Sheffield Road and Lockoford Lane. The property is fully let offering an attractive 6.8% yield, with the ground floor being let to Dream Doors an established Kitchen specialist and the well-appointed flat to the first floor has been let to the same tenant for a number of years.
Offers in the region of £250,000
The premises are situated in a prominent corner position, having frontage to Sheffield Road and Lockoford Lane, being on a main arterial route from Chesterfield Town Centre to the amenities of Sheffield Road. The premises are situated a short distance from the highly regarded Casa Hotel, Tesco Superstore, Asda Retail Park and a wide variety of national and
regional occupiers in and around Sheffield Road.
The premises benefit from excellent road links being on the main Sheffield Road with easy access to
Chesterfield Town Centre located circa 4.5 miles to the south, and the City of Sheffield is easily
accessible, approximately 12 miles to the north.
The property comprises of a traditional end of terrace property providing flexible and well-presented accommodation throughout. The situation of the property on the corner of Sheffield Road and Lockoford Lane ensures it is highly
prominent and visible, with the property having proven highly desirable whenever available.
The ground floor and lower ground floor is currently let to Dream Doors, an established bespoke kitchen specialist providing kitchen makeovers and full new kitchens which has built up an excellent reputation for quality and service. They occupy the premises on the terms of a 10 year lease, with a remaining unexpired term of circa 5 years.
At first floor level and above is a comfortable and well appointed two-bedroom flat, within which is a long standing and established tenant.
The total income is currently £17,000 per annum exclusive, with the potential for rental growth, and currently representing an attractive yield of 6.8%.
A viewing is highly recommended to truly appreciate the accommodation and investment opportunity on offer.
Strictly by appointment with Fishwick & Co (01246 558995)
Mains electricity, gas, water 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 commercial element of the property is entered in the Rating List at £6,900 Rateable Value as 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...
Chesterfield Borough Council
The ground floor and lower ground floor shop premises have been well fitted out by the existing tenants - Dream Doors - who have fitted out the shop as a show room for their well-established
and highly-regarded bespoke kitchen makeover and replacement business. As a result,
the premises are fitted out to an excellent standard as a show piece for their works.
The accommodation benefits from several windows ensuring a light and airy interior, and provides excellent flexibility with the lower ground floor providing excellent storage facilities, with separate access via a roller shutter door to the rear, accessed from Lockoford Lane behind the shop.
At lower ground floor level there is also a staff kitchen area and WC facility.
Dream Doors occupy the premises under the terms of a 10 year lease, of which an unexpired term of circa 5 years remains. Details of the lease can be provided to interested parties.
The flat is accessed via a spiral staircase which leads to a pleasant terrace area, and provides well-presented and relatively spacious accommodation over two floors, with a fully fitted kitchen diner,
a contemporary bathroom and two bedrooms to the first floor the main bedroom being a very large double with quality fitted wardrobes, with stairs rising to the second floor which provides a spacious living area.
Outside there is parking to the rear of the premises which is let with the shop premises, and there is an abundance of free unrestricted parking on Lockoford Lane for customers and staff, and for the occupiers of the flat.
The property provides an excellent investment opportunity in a prominent and desirable position a viewing is highly recommended to appreciate the accommodation on offer.