105, 107, 107a & 109 High Street, Alfreton, Derbyshire DE55 7DP

***HIGH YIELDING COMMERCIAL INVESTMENT***

An exciting and rare freehold investment opportunity to acquire three ground floor retail units with a large dance school above, located in prime trading position in the heart of Alfreton. All four properties are fully let producing a gross income £34,500 per annum, this representing an impressive 13.8% return based on the guide price.

We understand from the seller all four tenants are holding over and have been in occupation for several years and some may lend themselves to an increase in rent.

The window company and pizza shop are both paying £9,000pa, the butchers £7,200pa and the dance school at £9,300pa. Please note the auctioneers have not inspected the window company premises.

Located off from Rodgers Lane is a large parking area, rectangular in shape next to the dance studio (rear of shops) which may lend itself to development subject to the necessary planning consents.

High Street is a busy location with nearby business include Nationwide Building Society, Costa Coffee and Dominos along with plenty of independent shops. The nearby A38 provides swift access onto the city of Derby and the M1 Motorway.

105 - Alpine Windows - Rental income £9,000 p.a.
Not inspected

107 - Pizza Shop - Rental income £9,000 p.a.
Shop/kitchen - 34ft x 11ft 8
Preparation room - 21ft 8 x 11ft 8
Lobby - 6ft x 2ft 9
L shaped rear office - 10ft 6 x 7ft
WC - 5ft x 2ft 7
Shower room - 4ft 9 x 2ft 7

107a - Dance School - Rental income £9,300 p.a.
Ballroom - 62ft 7 x 38ft 3
Bar - 6ft 7 x 16ft 9
Office - 6ft 2 x 6ft 2
Lobby - 5ft 10 x 11ft 6
Teaching ballroom - 11ft 6 x 38ft 2
Ladies wc
Gents wc
Store

109 - Butchers - Rental income £7,200 p.a.
Shop - 7ft 8 x 11ft 5
Basement - 17ft x 11ft 2

Freehold

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. 

Draft Sales Particulars
These sales details are awaiting vendor approval