Co-operative Funeral Service, 276 Newbold Road, Chesterfield
Size
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Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
No floor / site plan
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to Coop Funeralcare
- New 10 Year Lease
- Lease Expires 10.12.3034
- Long-Standing Tenant of 10+ Years
- Potential to Upper Parts (stc)
- Includes Rear Yard/Parking
- Investment Let at £18,000 p.a. (10% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with associated upper parts and a yard to the rear, the property is fully let to Funeral Services Limited t/a Coop Funeralcare on a newly signed 10 year lease expiring 10.12.2034 and paying £18,000 per annum.
The tenant is a long standing occupier, and whilst the lease was signed in September 2026 the lease commencement was back-dated to December 2024 which was the expiry of the previous lease. We consider this displays continued commitment to the location.
We are unaware of the current use of the upper parts, but understand it may be used as residential accommodation. We consider the property may benefit from potential to convert these upper parts to residential uses if not (subject to the existing lease and any requisite consents).
The property occupies a prominent pitch fronting Newbold Road at the junction with Highfield Lane and forms part of a local retail parade. The surrounding area is characterised by residential uses.
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Co-operative Funeral Service, 276 Newbold Road, Chesterfield
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Disclaimer - Property reference 93095765-B098-4A21-A394-61502A121537. 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 National , 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.