Property Description

***High yielding mixed use investment opportunity*** An excellent freehold mixed use investment property, currently let on a combined gross rental income of £24,600 per annum. This represents an impressive 14% return based on the guide price. We are informed by the seller that the ground floor unit is let to a hair salon/beauticians on an unbroken 5 year self internal repair lease agreement from October 2023 at £550 per calendar month (£6,600 per annum). The salon has been thoughtfully divided up into a number of rooms to provide alternative uses. The first floor accommodation comprises of a four bedroomed HMO style property with communal kitchen and bathroom, producing a combined gross rent of £18,000 per annum with scope for rental increase. There is an additional room with potential to convert, subject to planning and increase of overall rental income. Outside we are informed there is a vehicular right of way via the unadopted road to the right hand side of the property along with a small yard area to the rear. Please seek legal pack for verification. The property is situated within walking of Clay Cross village shopping centre which has an impressive range of shops and facilities. Interestingly North East Derbyshire District Council has been allocated £25 million from the new government. Extensive improvements are already taking place with a new shopping centre under construction. Clay Cross is well served by the historic market towns of Chesterfield and Alfreton. The M1 Motorway and A38 are a short commute.

Main Reception / Hair Salon

17ft 8 x 17ft 4

Walk-In Storage Cupboard

6ft 3 x 3ft 9

Treatment Room One

12ft 4 max x 11ft 9

Internal Passage

19ft 9 x 2ft 7

Treatment Room Two

14ft 6 x 8ft 3

Treatment Room Three

14ft 2 x 8ft 2

Lobby with WC

4ft 9 x 2ft 1. Wc - 4ft 8 x 4ft 9

Fitted Kitchen

12ft x 8ft 9

Ground Floor Rear Entrance to HMO

6ft 7 X 11ft 9

First Floor Split Level Landing

Leading to -

Communal Fitted kitchen

13ft 6 x 6ft 8

Utility Room

6ft 6 x 3ft

Communal Bathroom

9ft 2 x 5ft 1

Room One - Vacant

Room - 11ft 9 x 8ft 8. Room - 11ft 1 x 6ft 2

Room Two - Let at £350 per calendar month (£4,200 per annum)

12ft 6 into chimney recess x 12ft 4

Room Three - Let at £350 per calendar month (£4,200 per annum)

10ft 3 into chimney recess x 13ft 2

Room Four - Let at £350 per calendar month (£4,200 per annum)

Auctioneer was unable to inspect this room

Room Five - Let at £450 per calendar month (£5,400 per annum)

10ft 8 into chimney recess x 13ft 2

Outside

We are informed there is a vehicular right of way via the unadopted road to the right hand side of the property along with a small yard area to the rear. Please seek legal pack for verification.

Flood Risk

Surface Water - Very low

Building Construction

To be confirmed.

Broadband (estimated speeds)

Standard 18 mbps, Superfast 80 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky and BT show as available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

---