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Commercial Property for sale

26, Thanet Street, Clay Cross, Chesterfield, S45

Offers in Region of £145,000

Property Description

Key features

  • Middle terraced property
  • Modernised & fitted as 2 self-contained flats
  • Both flats let on assured shorthold tenancies
  • Outside: Rear 2 storey outbuilding with planning permission
  • Vehicle access at rear
  • Offered for sale freehold
  • Current rental return 8,360 pa exc.
  • EPC - D

Full description

*FOR SALE

*VALUABLE RESIDENTIAL INVESTMENT PROPERTY WITH FURTHER DEVELOPMENT POTENTIAL

Viewing - Available by appointment to be arranged by the Selling Agents by courtesy of residential tenants in occupation.

Services - Each flat is self-contained with connections to the usual mains services gas, water, electricity and mains drainage.

Tenure - Advised freehold - Title Deeds and documents have not been inspected or verified by ourselves.

Occupation - No. 26a and 26b are each let on assured shorthold tenancy agreements to residential tenants in occupation.

The detached two storey outbuilding at the rear with planning consent for conversion is to be conveyed with the benefit of vacant possession on completion.

Rental Income - Currently advised at £696.66 per calendar month or £8360 per annum exclusive (£80.00 per week and £350.00 per calendar month respectively)

Council Taxes - Each self-contained flat is entered in Band A for Council Tax contribution purposes payable by tenants in occupation.

Possession - The property is to be sold subject to and with the benefit of the existing residential tenancies occupied under assured shorthold tenancy agreements, the outbuilding at the rear is to be conveyed with the benefit of vacant possession upon completion.

Solicitors - Messrs. BRM, Gray Court, 99 Saltergate, Chesterfield S40 1LD.

Location - The property is situated in an established residential neighbourhood at Thanet Street, Clay Cross, within convenient travel distance of Clay Cross town centre which now boasts a new modern Tescos supermarket store, a large discount store, Pets R Us retail, other new shops, a new town centre bus station, doctors surgery with associated pharmacy, all in addition to the longer more established Clay Cross town centre shops and businesses, the property is only a short distance from the main A61 Chesterfield/Derby Road.

Directions - From Chesterfield travel south to Clay Cross via the A61 Derby Road, continue across the new traffic island along High Street, on the south side of the town turn left at the traffic lights into Thanet Street and No. 26 is situated along on the left hand side.

General - A two storey middle terraced property of conventional spar rendered brick and slate construction, formerly a lock-up shop with self-contained living accommodation converted and modernised in recent years, completely refitted to provide two well fitted self-contained flats, each with gas central heating, uPVC double glazing, up-to-date modern kitchen and bathroom facilities.

Each let under assured shorthold tenancies to produce a good rental return with the additional benefit of a detached two storey outbuilding with planning permission for conversion into an additional residential unit for letting purposes.

The property has the benefit of possible vehicle access from the rear and limited parking.

Accommodation - The interior accommodation briefly includes:

Ground Floor 26A Thanet Street - Front double bedroom 14'11 x 9'7 with uPVC double glazed window, central heating radiator, power points.

Dressing area/walk-in wardrobe 4'10 x 3'6

Living room 18'10 x 15'0 overall with uPVC double glazed window, two central heating radiators, power points.

Combined shower room and toilet 7'3 x 5'11 with shower cubicle, Mira electric shower unit, shower screen door, pedestal wash hand basin, low flush close coupled wc suite, modern sanitary ware in white, central heating radiator.

Fitted kitchen 12'0 x 8'5 with uPVC double glazed window, part double glazed exterior door, fully fitted and equipped with modern white laminate fittings to include stainless steel single draining sink unit, base cupboards, contoured laminate work surfaces, wall cupboards, built-in oven, four ring ceramic hob and extraction units, upright fridge freezer, installed is a Worcester 230 energy efficient gas combi boiler providing instant domestic hot water supplies and serving the central heating radiators throughout the flat

First Floor 26B Thanet Street - Exterior staircase to first floor

Front bedsitting room 15'10 x 14'10 overall with uPVC double glazed window, central heating radiator, power points.

Living room 14'11 x 11'10 overall with uPVC double glazed window, central heating radiator.

Kitchen area with built-in white laminate kitchen units including base cupboards, contoured laminate work surfaces, wall cupboards, built-in oven, four ring ceramic hob and extractor unit, stainless steel single draining sink unit, energy efficient Worcester 230 gas combi boiler providing instant hot water and serving the central heating radiators throughout the flat.

Dining area with wall mounted electric fuel effect fire, space for table and chairs, two built-in cupboards 83 x 31 and 35 x 30 respectively.

Combined bathroom and toilet 11'11 x 5'4 with uPVC double glazed window, modern white sanitary ware including panelled bath with shower mixer unit, pedestal wash hand basin, low flush close coupled wc suite, central heating radiator, combined fluorescent light and electric shaver point.

The two storey middle terraced property is flush to the pavement at the front, gated entry from the pavement through to the ground and first floor flats which are entered from the rear.

At the rear there is vehicle access and the detached two storey outbuilding of brick and slate construction with the benefit of planning permission for residential conversion under application reference No. 11/00848/FL proposed conversion of outbuilding to dwelling comprising lifting ridge height by 400 mm, first floor extension, gable to the north roof slope and dormer in the south roof slope of outbuilding to the rear, approval dated 22nd November, 2011 subject to conditions applied.

Please note development is to commence before the 22nd November, 2014 or a renewal application for retention of the planning permission shall be submitted.

Full copies of the planning consent, architects plan drawings and specifications are available for inspection at the offices of Bothams Mitchell Slaney upon prior request.

Offering a rare and valuable opportunity to acquire up-to-date residential investment properties comprising two self-contained flats together with advantage of further development potential and an additional rental income stream in the future.

For further information, viewing facilities etc. Please contact the Selling Agents through whom all offers and negotiations should be conducted.

14-7728AJT
Date: 6th March, 2014

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