Mixed Use
An excellent high street freehold investment opportunity, occupying a very prominent corner position with courtyard shops producing a respectable income of £48,900 per annum situated in the historic and picturesque town of Matlock along the main arterial road. The very imposing stone built premises are predominantly arranged over three floors and the seven shops and offices are currently fully let with business unaffected.
In brief the courtyard comprises a café, antiques shop, and hairdressers. Along the main high street is an established book shop with substantial accommodation arranged over two further floors offering further potential. On the corner are TPS Estate Agents occupying one of Matlock’s most prominent and noticeable premises and adjoining them is a small tattoo shop. There is ground floor access leading to the second/top floor which is currently a commercial business for which has potential to convert into apartments which has taken place on the first floor.
The historic and picturesque spa town of Matlock boasted superb range of shops, public houses/restaurants, schools, beautiful rolling Derbyshire countryside. There is the nearby famous Chatsworth House and the City of Derby lies approximately 20 miles to the south and the City of Sheffield 23 miles to the north.
Properties of this type of calibre with potential rarely come to the market and we strongly recommend an early viewing.
Occupying a very prominent double fronted corner offices with their three rooms and a kitchen diner. The offices are split on two leases and produce a combined income of £11,160 per annum.
Is a small retail unit with frontage on Snitterton Road and is let at £3,900 per annum.
Shop frontage, dining area, counter wc and shower room is currently let at £8,500 per annum.
Let at £5,160 per annum.
Let at £5,340 per annum. Please note there are toilets to the basement.
Enjoys a prominent frontage along Dale Road with shop are and counter, a lobby with staircase leading to the first floor where there’s open plan kitchen diner with wc located halfway up the landing. To the second floor there are loft rooms offering excellent storage space and lends itself to residential conversion subject to usual planning consents. It is let at £7,400 per annum.
Situated on the second/top floor is accessed by communal entrance hallway located between TPS and the tattoo shop and with communal staircase leading to the first and second floor. The substantial offices are split level with two offices, storeroom and wc. We feel these could be converted into apartments. It is split on two leases and produces a combined income of £7,440 per annum.
The Property also includes 7 residential apartments, each of which has been sold off on a long leasehold interest. The Property comprises the freehold interest in the residential apartments, and details of the long leases are included in the Tenancy Schedule which forms part of the Special Conditions.
From Derby City centre Five Lamps area A6 heading north passing through the village of Duffield, market town of Belper and Ambergate still continuing along the A6 passing through the historic village of Cromford, Matlock Bath and on entering Matlock itself along Dale Road. The premises will be located on the left hand side as clearly denoted by our auction for sale board.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
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.
