Newbold Road, Chesterfield OIRO £210,000

• Premises of character set within a desirable prominent position
• Currently let as a whole to one tenant for a 20 year term
• Ground floor configured as an established fish and chip shop
• Upper floor residential space linked to ground floor
• Display frontage to Newbold Road with access to the rear
• Ideal investment opportunity - yield of 7.43% at asking price
• Viewing essential to appreciate the accommodation and potential on offer

An excellent investment opportunity situated within the market town of Chesterfield.

77 Newbold Road
An excellent investment opportunity; 77 Newbold Road provides a substantial property close to the town centre of Chesterfield, currently occupied as a well-established and highly regarded fish and chip shop with owners accommodation above, with over 16 years unexpired term.

 
At the asking price the property represents an attractive yield of 7.43%, especially considering the decorating and repairing obligations rest with the tenants providing a hands-off investment.

The Accommodation
To the ground floor is a well-established fish and chip shop, fully fitted out with operation fixtures and fittings. The entrance provides a welcoming space for customers to place their order and to wait, with access to the rear of this area to both the flat above, and behind the counter.

To the rear of the premises is a preparation area, and access to the basement cellar, and there is a rear entrance providing an alternate access.
 
The premises are beautifully set up as a fish and chip shop, and could be reconfigured if ever required to suit a wide range of potentially occupiers. The first-floor accommodation could be separated with some reconfiguration providing additional flexibility in the future.

There is a basement cellar below which provides excellent additional storage space for the business.

Outside the property is set back from the pavement to the frontage in a prominent position, with parking available in the vicinity for both customers and delivery drivers. To the rear is a yard area, and access from New Queen Street.
 
To the first floor is a deceptively spacious flat, currently configured to provide two bedrooms to the frontage, with an open plan kitchen, dining and living area in the middle, with a utility area and bathroom to the rear.

Material Information
Conventional masonry construction contained below a pitched roof.

The property appears connected to mains gas, electricity, water and drainage services.

Ground Floor – 55.7 Sq.M/  599 Sq.Ft together with a basement/ cellar of 19.1 Sq.M/ 205 Sq. Ft – total 74.8 Sq.M/  804 Sq.Ft (Gross Internal)

First Floor – 44.6 Sq.M/  480 Sq.Ft

Total – 119.4 Sq.M/  1,284 Sq.Ft approx. – please note all measurements are approximate.

On road parking is available in the vicinity – some is permit.

Upon website enquiry we believe the property is entered in the current rating list at £8,700 Rateable Value under the description shop and premises.

The property is situated within the Chesterfield Borough Council’s administrative area.

EPC Rating – Band D

Freehold Tenure under Title reference DY142686