Mixed Use
***High yielding mixed use investment opportunity***
An excellent freehold mixed use investment property, currently let on a combined gross rental income of £24,600 per annum. This represents an impressive 14% return based on the guide price.
We are informed by the seller that the ground floor unit is let to a hair salon/beauticians on an unbroken 5 year self internal repair lease agreement from October 2023 at £550 per calendar month (£6,600 per annum). The salon has been thoughtfully divided up into a number of rooms to provide alternative uses.
The first floor accommodation comprises of a four bedroomed HMO style property with communal kitchen and bathroom, producing a combined gross rent of £18,000 per annum with scope for rental increase. There is an additional room with potential to convert, subject to planning and increase of overall rental income.
Outside we are informed there is a vehicular right of way via the unadopted road to the right hand side of the property along with a small yard area to the rear. Please seek legal pack for verification.
The property is situated within walking of Clay Cross village shopping centre which has an impressive range of shops and facilities. Interestingly North East Derbyshire District Council has been allocated £25 million from the new government. Extensive improvements are already taking place with a new shopping centre under construction. Clay Cross is well served by the historic market towns of Chesterfield and Alfreton. The M1 Motorway and A38 are a short commute.
17ft 8 x 17ft 4
6ft 3 x 3ft 9
12ft 4 max x 11ft 9
19ft 9 x 2ft 7
14ft 6 x 8ft 3
14ft 2 x 8ft 2
4ft 9 x 2ft 1. Wc - 4ft 8 x 4ft 9
12ft x 8ft 9
6ft 7 X 11ft 9
Leading to -
13ft 6 x 6ft 8
6ft 6 x 3ft
9ft 2 x 5ft 1
Room - 11ft 9 x 8ft 8. Room - 11ft 1 x 6ft 2
12ft 6 into chimney recess x 12ft 4
10ft 3 into chimney recess x 13ft 2
Auctioneer was unable to inspect this room
10ft 8 into chimney recess x 13ft 2
We are informed there is a vehicular right of way via the unadopted road to the right hand side of the property along with a small yard area to the rear. Please seek legal pack for verification.
Surface Water - Very low
To be confirmed.
Standard 18 mbps, Superfast 80 mbps and Ultrafast 1000 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky and BT show as available in this location.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central, Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers 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 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.
