22 Town Street, Duffield, Derbyshire DE56 4EH

***Potential high yielding freehold mixed use opportunity***

Well located in the heart of Duffield Village, is a large mixed use property with ground floor retail unit and two first floor luxury fitted two bedroomed apartments, all offered for sale with immediate vacant possession.

In our opinion, the retail unit would let for circa £35,000 per annum. The two apartments we would expect a rental income of £950 per calendar month per unit. The potential combined gross rental income when fully let will be in the region of £57,800 per annum. This represents an impressive 12.1% return based on the guide price.

The two-storey building is of traditional brick construction under a pitched tiled roof. The ground floor features an attractive period style wooden frame retail frontage which has been painted blue. The first floor is rendered in white with grey painted attractive sash window frames.

The property comprises a ground floor retail/restaurant premises which has been extended and renovated in part. Externally there is access to a small, shared courtyard. The property is currently in a shell condition.

The first floor comprises of two apartments, both of which have been newly refurbished to a good standard and consist of two double bedrooms, a kitchen and bathroom. Both flats are currently vacant and ready to let.

There is no allocated parking available for the premises.

The property is located in a strong prominent roadside position on Town Street (A6) in the heart of Duffield, an affluent village within the Amber Valley district of Derbyshire.
The A6 is an extremely busy key arterial route linking Derby city centre some 5.5 miles to the south and onto Belper (3 miles), Matlock (13 miles) to the north and beyond.
Duffield is an affluent village and a predominantly residential catchment, with this section of Town Street being the main retail and leisure offering with nearby occupiers including Birds Bakery, Treetops Hospice, and the Co-operative Food.

ACCOMMODATION:
The building comprises the following -

Ground Floor - Class E retail/restaurant/bar.
1,588 sq.ft (148 sq.m)

Flat A
635 sq.ft (58 sq.m). The flat comprises kitchen, bathroom, living room, two bedrooms.

Flat B
775 sq.ft (71.9 sq.m). The flat comprises kitchen, bathroom, living room, two bedrooms.

NIA
2,998 sq.ft (279 sq.m)

Tenancies
The first-floor residential flats are currently vacant. The ground floor retail/restaurant premises is currently vacant and benefits from an alcohol license. The ground floor has been marketed at a guide rental of £27,000 per annum.

Council Tax Bands
Both apartments have a council tax band of A.

Draft Sales Details
These sales details are awaiting vendor approval.

Vacant posession upon completion

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms. 

Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Conservation Area
We have been made aware this property is in a conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.