Mixed use property for sale
35 Market Street, Heanor
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed-Use Investment
- Retail Unit and 2/3 Bedroom Maisonette
- Let on Separate Tenancies
- Evident Asset Management Potential Via Improvement of Rent
- Established and Popular Location
- VAT-Free Investment
- Investment Let at £9,840 p.a. (10.9% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with a separately accessed 2/3 bedroom maisonette to the upper parts, the property is fully let to two tenants producing a total rent of £9,840 per annum.
The ground floor is let to private individuals trading as a pet shop on a lease producing £3,900 per annum.
The upper parts are let to a private individual on an AST producing £5,940 per annum.
We consider the property offers evident asset management potential, and we understand rents have not been reviewed at the property for several years. We therefore consider the property represents an opportunity to renew leases and improve rents.
The property occupies a prominent pitch fronting Market Street, connecting directly to the High Street and forming part of the principal retail amenity within Heanor.
Brochures
35 Market Street, Heanor
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Langley Mill Station1.0 miles
- Ilkeston Station3.5 miles
Notes
Disclaimer - Property reference 9FFBF5E7-C3C8-4FD3-81E9-45957542B42A. 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 Savills, Savills Auctions- Commercial. 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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