51-53 High Street, Woodville, Swadlincote, Derbyshire, DE11 7EA

An exciting opportunity to purchase a mixed use investment property, including a retail unit, currently rented as a Chinese restaurant and two first floor flats.

Description

The property comprises a retail unit, with kitchen and storage to the rear and two first floor residential flats, both with two bedrooms, a spacious living area and kitchen.

There is a yard to the rear offering an outside space and also nearby public parking.

The property benefits from a central location, being close to a parade of shops providing high levels of footfall.

Price

Guide Price £275,000

Location

Woodville is a large village in South Derbyshire, in the East Midlands of England. It is located approximately 2 miles east of Swadlincote, 6 miles south east of Burton upon Trent, and 4 miles north west of Ashby-de-la-Zouch.

The village lies on the A511 road, providing road links to nearby towns, and the nearest railway station is Burton-on-Trent railway station, which offers connections to major cities. Woodville is also served by local bus routes linking it to surrounding areas.

Tenure & Possession

The retail premises was let by way of a formal lease, in 2019 for a 15 year term. The current rent passing is £11,400 per annum.

One of the two flats is vacant and was previously rented for £675 pcm, and the other is rented on a rolling term to the same landlord as the retail premises, the current rent passing is £525 pcm.

The agreements for both properties are contained within a data room, for access to this please call our office on (Option 3)

Compliance

All compliance documents relating to the property, including EPCs, EICR and gas safety certificates can be found in the data room.

Utilities

The property is connected to mains water, electricty, gas and drainage.

None of the services have been tested and purchasers should note that it is their specific responsibility to make their own enquiries of the appropriate authorities as to the location, adequacy and availability of mains water, electricity, gas and drainage services.

EPC

51-53 The current EPC rating is TBC.

51a The current EPC rating is D (65)

53a The current EPC rating is D (57)

Viewings

Accompanied viewings only, strictly by appointment with Howkins & Harrison please call Lily Taylor on (option 3).