80 & 80a High Street, South Normanton, Alfreton, Derbyshire DE55 2BP

***HIGH YIELDING INVESTMENT OPPORTUNITY***

A spacious, three storey, end of terraced mixed use investment property producing a combined income of £9,980 per annum, located on a prominent corner plot position in the heart of South Normanton, conveniently positioned for the A38 and M1 Motorway.

The gross rental income of £9,980pa represents an 11.7% return based on guide price with scope for rental increase.

The former butchers shop ground floor accommodation is let at £3,380 per annum and comprises: a lock up sales shop with a two good sized store rooms, rear office with cellar off.

On the first floor there is a spacious two double bedroomed flat let at £6,600 per annum and comprises: on the first floor: entrance hallway, lounge, dining room, utility room fitted dining kitchen and on the second floor, two double bedrooms and spacious bathroom. Externally there is a rear yard with outside WC and two storerooms.

Sales Shop - 5.93m average x 4.12m average (19'5" x 13'6")
Double part glazed entrance door, single glazed shop frontage windows to Market Street and a return frontage to New Street, ceramic tiled flooring, part aqua boarding to walls.

Rear Office 4.02m x 3.20m (13'2" x 10'5")
Door to cellar, feature black lead range oven to Adam style fire surround, original butlers cupboard to side, single glazed window to the rear, ceramic tiled flooring. Under stairs storage area off with a Belfast sink unit and ceramic tiled flooring. Door opens to the rear yard.

Preparation Room One - 3.98m average x 2.82m average (13' x 9'3")
Former walk in fridge not tested, ceramic tiled floor and steps rise to....

Preparation Room Two - 6.92m average x 2.16m average (22'8" x 7'1")
Ceramic tiled flooring, single drainer sink unit, wash hand basin with a Triton electric hot water heater (not tested) door to New Street. Walk in fridge (not tested).

First Floor Flat 80a High Street
This is a spacious two double bedroomed first and second floor flat is access to the rear with pedestrian access from Hilcote Street. Producing an income of £550.00 per calendar month.

External timber stair case rises to the first floor leading to the...
Entrance landing - upvc part glazed door radiator and stairs rising to the second floor bedroom accommodation.

Lounge 4.18m x 4.12m (13'8" x 13'6")
Adam style fire place, dado rail, upvc double glazed window.

Kitchen 4.11m x 2.76m average (13'5" x 9')
Single drainer asterite sink unit with mixer tap, rolled edge work surface, a range of wall and base units, four ring stainless steel gas hob, electric oven below, upvc double glazed window, fluorescent lighting to the ceiling, double panelled radiator.

Utility Room 3.04m average x 2.01m average (9'11" x 6'7")
Baxi wall mounted gas combination boiler, upvc double glazed window, plumbing and space for washing machine.

Dining Room 4.03m x 3.26m (13'2" x 10'8")
upvc double glazed window, double panelled radiator, coving to the ceiling, two wall light points and Georgian style doors open to..

On the second floor
upvc double glazed window, square spindles to the balustrade and double panelled radiator.

Front Bedroom One 5.90m average x 4.22m average (19'4" x 13'10")
Two upvc double glazed windows, radiator and dado rail.

Rear Bedroom Two 3.98m x 3.25m (13' x 10'7")
upvc double glazed window and double panelled radiator.

Spacious Bathroom 4.07m average x 2.82m average (13'4" x 9'3")
Containing a white suite comprising a mahogany effect panelled corner bath with a Bristan, electric shower over, tiled to the shower area, low flush WC, pedestal wash hand basin, part tiled walls, upvc double glazed window and double panelled radiator.

Outside
To the rear there is an external yard with an outside WC for us of the shop and two brick built storerooms.

Freehold

Subject to a tenancy

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:

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

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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 whilst our joint agent has conducted an inspection, 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.