We are delighted to bring this mixed-use investment opportunity generating multiple income streams reflecting a gross yield of 5.4%.
The opportunity comprises a busy ground floor retail unit occupied by ‘One-Stop’ let at £17,300 per annum, an adjacent unit occupied by Highfield Fish & Chips let at £10,500 per annum with two additional apartments above, each let at £4,800 per annum with a total passing income stream of £37,400 per annum.
Established in Newbold, a popular settlement located within 2 miles of Chesterfield town centre, the properties form a parade of mixed-use units on Highfield Road benefiting from forecourt parking and rear yard storage.
Measured in accordance with the RICS Code of Measuring Practise, the properties have been measured on a Net Internal Area basis as follows:
Ground Floor:
One-Stop: 2,042 sq ft / 189.7 sq m
Highfield Fish & Chips: 926 sq ft / 86.03 sq m
Total: 2,968 sq ft / 275.73 sq m
First Floor:
Flat 109a: – 603 sq ft / 56.02 sq m
Flat 111a: – 699 sq ft / 64.94 sq m
Total: 1,302 sq ft / 120.96 sq m
The property is available for sale on a freehold basis subject to the existing tenancies, with the vendor accepting offers in excess of £695,000 representing a maximum gross yield of 5.4%.
This type of mixed-use investment is well sought after with a good level of demand anticipated; therefore, we strongly recommend interested parties contact our property experts today on 01332 292825 or email commercial@bbandj.co.uk
