Nationwide welcomes to the market this SPACIOUS FREEHOLD SEMI-DETACHED INVESTMENT PROPERTY. Situated densely populated residential area DERBYSHIRE.
We understand the property was built in the 1960's with large extension being built in approx. 1983.
No Parking Restrictions plus forecourt area providing parking for 4 cars
SPACIOUS SALES SHOP in the region of 1,200 sq.ft. This is currently operated as a Hardware/DIY Shop & is let on lease having approximately 4 years unexpired providing a rental income of £12,000 p.a.
Rear store area
Staff w.c. & wash hand basin
INCLUDED IN THE INVESTMENT IS AN ADJOINING SECOND SHOP approximately 400 sq. ft. This is currently operated as a Phone Shop on a 5 years lease from June, 2020 & providing a rental income of £7,800 p.a.
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY £430,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £430,000 (M5105)
Is accommodation included?:
The SPACIOUS living accommodation, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING is at present occupied by the owner, however could be let to provide additional rental income & indeed the vendor is of the opinion that the spacious accommodation could be converted into 2 flats. The accommodation comprises:
Large Fully Fitted Kitchen/Breakfast room
Master Bedroom with en suite bathroom with bath, shower over bath, w.c. and wash hand basin
1 Additional Large Double Bedroom with en suite shower room with shower, w.c. and wash hand basin
2 Additional Double Bedrooms
2 Further Double Bedrooms