Newbold Road, Chesterfield

A well positioned mixed-use investment opportunity located on Newbold Road, Chesterfield, offering a ground floor commercial unit with a self-contained one bedroom flat above.

The commercial premises comprise a prominent shop front, main retail area, rear store, WC and an additional store/kitchenette space. The unit is currently let at £500 per calendar month, with the existing tenant expressing a desire to remain, providing immediate income continuity.

The first-floor flat is accessed via its own entrance and includes; entrance hall, landing, spacious lounge/dining room, fitted kitchen, one double bedroom and a bathroom. The flat is currently vacant, but offers strong rental potential, with an estimated income of approximately £575–£600 per calendar month.

Externally, the property benefits from shared access and a shared rear yard.

This property presents an attractive opportunity for investors seeking a dual-income asset with a combination of established commercial tenancy and residential letting potential, offering a combined projected yield in a popular and accessible location.

Viewing is Strictly by Appointment Only!

Shop - Total floor area: 56.5 sq.m. (608 sq.ft.)
Flat - Total floor area: 73.4 sq.m. (790 sq.ft.)

Shop -

Retail Area - 6.99 x 3.99 (22'11" x 13'1") -

Store - 3.59 x 2.69 (11'9" x 8'9") -

Wc Room -

Store/Kitchenette - 4.37 x 3.15 (14'4" x 10'4") -

Flat Above -

Entrance Hall -

Landing -

Lounge - 4.20 x 3.56 (13'9" x 11'8") -

Dining Room - 4.12 x 2.92 (13'6" x 9'6") -

Kitchen - 3.66 x 3.24 (12'0" x 10'7") -

Bedroom - 4.42 x 3.19 (14'6" x 10'5") -

Bathroom - 2.23 x 1.61 (7'3" x 5'3") -

Outside & Shared Area - The rear yard area and the flat is accessed from off Newbold Road and is serviced by a gated & shared pathway.
The maintenance of the pathway and yard is split with the owner of 55 & 55a Newbold Road

Details Of The Lease & Tenancy - The shop is currently let on a lease until 24 Dec 2027
Deposit taken £500.00
The current tenant has expressed interest to continue operating post any sale.

The flat has just been vacated and is in a condition to be able to re let again if required.

Aml - We are subject to the Money Laundering Regulations 2007. AML regulations apply to every business in the financial services sector, so anti-money laundering checks must be carried out by accountants and solicitors, as well as firms in property, insurance, investment and general finance.

We are therefore obliged to verify prospective purchasers, which are essential to our Customer Due Diligence obligations, which must be done before any property can be marked as sold subject to contract. These rules are set by law and enforced by trading standards.

The cost to do so is £30+vat per named buyer, which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.

This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer) and is non-refundable.

The Consumer Protection (Amendment) Regulations 20 - Only items referred to in these particulars are included in the sale.

The property was unoccupied at the time it was inspected and we have therefore been unable to verify with the previous occupant that the central heating system, kitchen appliances, shower unit, plumbing installations and electric system are in working order.

No tests or checks have been carried out by ourselves and no warranty can therefore be given.

We are also unable to confirm whether any extensions, alterations or window replacements since 2002 have received the necessary Planning Consent and Building Regulations Approval.

Prospective purchasers are advised to make their own inquiries and investigations before making an offer.

Services - We are informed:

The Shop is electric mains only, with water and mains drainage connected.
The Flat is electric, with gas combi boiler, water and mains drainage connected.

No services / supplies have been tested nor inspected by the agent and prospective buyers are advised to undertake their own investigations.