11 Hayfield Close, Belper, Derbyshire, DE56

Investment Consideration:
Gross Initial Yield: 8.70%
Rental Income: £11,750 p.a.
VAT is NOT applicable to this property
Comprises double fronted ground floor shop t/a bathroom & kitchen retailer
Situated in predominantly residential area within 1 mile from Belper Town Centre

Property Description:
Comprises double fronted ground floor shop t/a bathroom & kitchen retailer, which forms part of an established retail parade and provides the following accommodation and dimensions:
Retail Shop: 95.59 sq m (1,029 sq ft)
Open plan retail, Kitchenette, WC, Storage

Tenancy:
The property is at present let to Five Lamps Interiors Limited for a term of 5 Years from 1st March 2026 at a current rent of £11,750 p.a. and the lease contains full repairing and insuring covenants. Tenant in occupation since 2021.

Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Location:
The market town of Belper lies 9 miles north of Derby, on the edge of the Peak District. The town is located on the A6 and is some 15 miles west of Junction 26 of the M1 Motorway. The property is situated in a predominantly residential area on the east side of Hayfield Close, at its junction with Ladywood Avenue.