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Commercial Property for sale

St. Johns Street, DE4

Offers in Region of £390,000
842 sq. ft.

Property Description

Commercial information

  • 842 sq ft (78 sq m)

Key features

  • Retail and residential investment property
  • Attractive double fronted property
  • Comprising a tea rooms/restaurant and two maisonettes
  • Comprehensively renovated accommodation
  • Stable 21,500 per annum income with potential to uplift
  • Central location in this popular and vibrant market town

Full description

Tenure: Freehold

Wirksworth is a popular and historic market town that retains a vibrant retail centre, serving the resident population alongside annual tourist visitors, both to Wirksworth and surrounding attractions including Carsington Water and the Peak District National Park. The town is situated close to the A6, the areas primary link road, approximately 5 miles south of Matlock and 14 miles north of Derby.

A double fronted three storey property arranged as a self contained tea rooms/restaurant on the ground floor with two maisonettes above, accessed from Church Walk at the rear. The property has a broad frontage to St Johns Street, amongst long established businesses such as Lloyds Bank, car parking to the roadside and nearby Market Square.

The apartments have a pleasant aspect from both elevations, but particularly the rear, overlooking the historic 13th Century St Mary's Church.

Each property has been extensively renovated over the last five years and up kept to a good standard throughout. The shop and each flat are currently rented drawing a total rent roll of 21,500 per annum.

The retail/restaurant area comprises:

No. Description Sq m Sq ft
9 Sales 40.65 438
Ancillary 4.77 51
11 Sales 32.81 351
Lobby and WC - -

Total 78.23 842

9a & 11a are accessed via a communal yard and each include:

Ground floor entrance lobby
First floor landing with store
Living room
Dining kitchen
Second floor landing
Two double bedrooms

Energy Performance Certificate (EPC's)
EPC's will be available for download.

Business Rates/Council Tax
The ground floor is listed as shop and premises with a rateable value of 10,250. The upper floors are assessed as Council Tax Band A.

The property is freehold, subject to the following leasehold interests:

Business lease for a period of nine years on proportional tenant full repairing and insuring terms until 2025 at a rent of 9,000 per annum (rent review April 2017).

9a Church Walk, a three year assured shorthold tenancy until November 2018 at a rent of 6,500 per annum.

11a Church Walk, a three year assured shorthold tenancy until april 2018 at a rent of 6,000 per annum.

Asking Price
Offers are sought in the region of 390,000.

Legal Costs
Each party is to bear their own costs in this transaction and all prices are quote exclusive of VAT at the prevailing rate.

Viewing and Further Information
All enquiries to:

fidler taylor
01629 580228

Energy Performance Certificates (EPCs)

Map & Street View

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