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Commercial Property for sale

Glumangate Court, 38, Glumangate, Chesterfield, S40

Sold STC £250,000

Property Description

Key features

  • A substantial & imposing period commercial property
  • On the ground floor: 2 lock-up retail sales shops
  • Let on lease to Temple Tree & Oaklams
  • On the upper floors: vacant offices
  • Potential rental income 28,900 per annum
  • For sale freehold with part vacant possession

Full description

FOR SALE

Well situated freehold commercial investment property comprising two lock-up sales shops, offices and premises of 2,765 sq. ft., 256.87 sq. m NIA approx.

Vendors - The beneficiaries of R. T. Proctor deceased

Viewing - Available by prior arrangement through the marketing Agents

Services - The property has been connected to all the usual mains services including gas, water, electricity, foul and surface water drainage. Separate connections (except gas) to each separate unit.

Tenure - Freehold held under Title Deed reference DY483410.

Occupation And Use - Unit 1 ground floor retail let to Temple Tree Beauty Salon under the terms of a six year lease from April 2014 at £8,060 per annum exclusive.

Unit 2 ground floor retail let to Oaklams hairdressing salon, under the terms of a six year
Lease from May 2013 at £12,000 per annum exclusive.

Upper floor offices currently vacant and to let or available for owner occupation, rental guide £8,840 per annum exclusive.

Rental Return - Potential overall rental return £28,900 per annum exclusive of non-domestic rates, V.A.T. And the usual tenants outgoings.

Non-Domestic Rates - Entered in the Rating List as follows:

Unit 1 shop and premises£6,500 Rateable Value
Unit 2 shop and premises£8,200 Rateable Value
Unit 3 offices and premises£7,600 Rateable Value

Entitlement to small Business relief might reduce non-domestic rate charges.

Local Authority - Chesterfield Borough Council, Town Hall, Rose Hill, Chesterfield

Possession - The offices are currently vacant therefore possession will be given upon completion of purchase, the two retail sales shops are sold subject to and with the benefit of existing lease terms remaining.

Solicitors - Messrs. KieranClarkeGreen, 36 Clarence Road, Chesterfield S40 1LN

Location - Glumangate Court is considered well situated within the historic core of Chesterfield town centre in the heart of the business and professional quarter of the town, characterised by a number of established local and more national trades, professions and businesses to include specifically estate agencies Redbrik, Reeds Rains, Your Move, Blundells, Wilkins Vardy, Wilkins Hammond Commercial, various solicitor practices including Banner Jones of Chesterfield, Carlton Hairdressing salon.

Glumangate is also characterised by a number of eating establishments including the popular Calabria Bistro, several sandwich/coffee shops.

The premises are situated within a short walk from Chesterfields historic town centre Market Place and recently refurbished Market Hall.

General - This attractive commercial investment property comprises an imposing period town centre building of traditional brick construction under slated roofs, formerly the home of well-known Chesterfield solicitors Messrs. Hopkins & Proctor over many years until retirement when the property was refurbished and divided into two ground floor retail sales units with arcade entrance giving access to the upper floor office accommodation which was previously occupied over a long term by J. C. Steels insurance consultants until merger and relocation to larger premises.

Situated in an excellent town centre location in the heart of the professional business quarter of the town where there is usually a steady demand for retail and office premises for a variety of professional trade and business uses.

Accommodation - The interior accommodation breifly includes

Net Internal Areas -

Unit 1 -

Front Sales Shop - 186 sq. Ft., 17.28 sq. M

Private Office - 81 sq. Ft., 7.53 sq. M

Kitchen/Staff Area - 44 sq. Ft., 4.08 sq. M

Combined Shower Room And Toilet - Overall net internal floor area of Unit 1 - 311 sq. Ft., 28.89 sq. M approx.

Unit 2 -

Ground Floor Net Internal Area - 606 sq. Ft., 56.3 sq. M

Trap Door Access To Basement Cellar - 217 sq. Ft., 20.16 sq. M

Overall net internal floor area of Unit 2 - 823 sq. Ft., 76.45 sq. M

Unit 3 Upper Floor Offices -

First Floor -

Reception, Five Offices, Kitchen, Store Room, Ladies & Gents Toilets - Overall net internal area at first floor level - 1,203 sq. Ft., 111.76 sq. M

Second Floor -

Two Further Offices - 428 sq. Ft., 39.76 sq. M

Overall net internal area of upper floor offices - 1,631 sq. Ft., 151.52 sq. M

Floor Area Summary - Unit 1 - 311 sq. Ft., 28.89 sq. M

Unit 2 - 823 sq. Ft., 76.45 sq. M

Unit 3 - 1,631 sq. Ft., 151.52 sq. M

Overall net internal area - 2,765 sq. Ft., 256.87 sq. M

Considered an attractive and affordable town centre commercial investment, potentially capable of earning an overall rental return of £28,900 per annum exclusive, available part let under existing leases otherwise with the benefit of vacant possession affording an element of owner occupation if required.



For further information and viewing please contact the Letting/Selling Agent through whom all offers and negotiations should be conducted.

16-8041AJT

Date: 27th April, 2016

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More information from this agent

Nearest stations

  • Chesterfield (0.4 mi)
  • Dronfield (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bothams, Chesterfield

West Bars House West Bars, Chesterfield, S40 1AQ

01246 908134 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Bothams, Chesterfield

West Bars House West Bars, Chesterfield, S40 1AQ

01246 908134 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Chesterfield (0.4 mi)
  • Dronfield (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bothams, Chesterfield

West Bars House West Bars, Chesterfield, S40 1AQ

01246 908134 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26236895. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bothams, Chesterfield. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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