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Commercial Property for sale

Market Place, Heanor

Removed £175,000

Property Description

Full description

Tenure: Freehold

*Extremely Rare Opportunity to acquire Prime Investment Property facing Heanor Market Place*
* Comprises: Ground Floor Sales Shop, Stores, and Rear Yard
First Floor: Hairdressing Salon
First Floor: Bedsit
Second Floor: Two Bedroom Apartment*
*The Long Established Becketts Grocery and Deli available as going concern or with vacant possession*
*First Floor Hairdressing Salon and upper Flats currently let producing rental income*

Central location overlooking Heanor Market Place, located between Bargin Booze and I Wear Opticians.

The ground floor retail shop is occupied by Becketts which is a well known local Grocers and Delicatessen. Becketts benefits from a substantial shop front and retail sales area behind which are several stores, freezer room, kitchen and mess room. Automated roller shutter doors lead to a large rear yard ideal for deliveries and staff parking.

A separate side entrance door off Market Place provides access to a generous size first floor Hairdressing Salon which has been run by the same proprietor for many years. The salon benefits from kitchen and toilet facilities.

Also on the first floor is a bedsit flat which includes separate kitchen and bathroom. On the second floor there is a two bedroom apartment.

GROUND FLOOR SALES SHOP 5.19m (17' 0") x 10.85m (35' 7")
56.31 square metres.

MAIN STORE AND FREEZER ROOM 3.48m (11' 5") x 11.55m (37' 11")
40.19 square metres.

KITCHEN 1.37m (4' 6") x 2.05m (6' 9")
2.81 square metres.

STORE TWO 3.35m (11' 0") x 3.83m (12' 7")
12.83 square metres.

STORE THREE 2.14m (7' 0") x 3.47m (11' 5")
7.43 square metres.

MESS ROOM 3.50m (11' 6") x 2.07m (6' 9")
7.24 square metres.

126.81 square metres.

HAIRDRESSING SALON 6.67m (21' 11") x 6.10m (20' 0")
36.06 square metres

Includes Kitchen 1.69m (5' 7") x 1.75m (5' 9")

Bedroom/Living Area, Kitchen and Bathroom.

Becketts Grocers and Delicatessen which occupies the ground floor is owned by the vendor. The vendor is willing to sell the premises with the benefit of the business goodwill subject to the purchaser covering the value of stock at the date of transfer. Alternatively, the vendor is prepared to close the business and provide the shop with vacant possession. We are of the opinion that the ground floor shop and stores have a market rent of at least £8,000 per annum.

The first floor Hairdressing Salon is let for a rental of £3,250 per annum.

The first floor Bedsit is let for £3,000 per annum.

The second floor Apartment is let for £3,300 per annum.

Therefore the current rents being collected from the Hairdressing Salon and Flats total £9,550 per annum.

For Investor Purchasers wishing to let the ground floor shop there is potential to derive a total rental income circa of £17,500 per annum.

The Rateable Value of the Ground Floor Shop is £12,500.The Business Rates payable for 1st April 2016 to 31st March 2017 are £6,050.

The Rateable Value of the First Floor Salon is £2,750. The Business Rates payable for 1st April 2016 to 31st March 2017 are £1,331.

First Floor Bedsit is in Band A. The Council Tax payable for the current year 1st April 2016 to 31st March 2017 is £1,066.69.

Second Floor Apartment is in Band A. The Council Tax payable for the current year 1st April 2016 to 31st March 2017 is £1,066.69.

The freehold interest is offered for £175,000, subject to existing tenancies.

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