•For Sale By Online Auction: 24th & 25th March 2021
•Guide Price: £79,950
•Retail Investment / Owner Occupier Opportunity
•Tenanted: £16,000 per annum exclusive, 20% Gross Yield
Alfreton is a small town with a population of circa. 25,000 situated on the Nottinghamshire/Derbyshire border due-north of Derby. It has the benefit of being within three miles of Junction 28 of the M1 Motorway and as a result there are a number of large well established industrial estates in the immediate locality including Cotes Park.
Alfreton has a well established retail area centred on the pedestrianised scheme which includes Home Bargains and Wilko. The subject premises are situated on the High Street, a short distance from Costa Coffee.
The property comprises a ground floor lock-up retail unit with the benefit of land to the rear and rear servicing. The property has A1 Use.
Sq M Sq Ft
Ground Floor Sales 49.1 528
Store 9.2 99
Kitchenette 8.7 94
Total 67 721
We understand the property to have mains electricity, water and drainage.
The property is let to A1 Comms Limited (Company No. 04250641). Dun & Bradstreet rating N3.
The lease is for a term expiring on the 8th March 2021 at a current rent payable of £16,000 per annum, payable quarterly in advance. The lease is drawn on an effective full repairing and insuring basis.
The property has been underlet to Mrs M Kerry on a co-terminus lease outside the provisions of the Landlord & Tenancy Act 1954 at a rental of £10,000 per annum exclusive of rates.
The property is currently listed as Shop premises and has a Rateable Value of £9,800.
VAT is applicable to the purchase price at the prevailing rate
2% (min. £3,600) inc. VAT
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion