Auction Property 3 Bed Mixed Use 

Smedley Street East, Matlock

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Features

  • Auction Date: 20th and 21st November 2019
  • Substantial mixed use property
  • Link detached home with ground floor commercial showroom/workshop
  • Suitable for a variety of uses (STP)
  • Sold with vacant possession
  • Approximate gross internal area of - 569 sq m/ 6125 sq ft
  • Excellent investment opportunity
  • Situated in central Matlock
  • Freehold

Quick Details

3 Bedrooms2 Receptions2 Bathrooms

Address

50-52 Smedley Street EastMatlockDerbyshireDE4 3FQ
Details
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Property Details

•Auction Date: 20th and 21st November 2019
•Substantial mixed use property
•Link detached three bedroom home with ground floor commercial premises
•Freehold
•Sold with vacant possession
•Approximate gross internal area of – 569 sq m/ 6125 sq ft
•Excellent investment opportunity
•Situated close to Matlock town centre

A rare opportunity to purchase a substantial mixed use property in the heart of Matlock, the accommodation is arranged over three stories, offering a property with outstanding potential.

The ground floor commercial unit provides ample open plan space and is currently arranged as a vehicle workshop and car show room. A double frontage provides two front elevation entrances to the workshop and showroom and a door in between providing access to the residential accommodation.

The self-contained residential accommodation is spacious and of an excellent standard internally. The accommodation benefits a large breakfast kitchen, three reception rooms and three bedrooms arranged over two storeys. Externally, there is a private terrace off the conservatory ideal for outdoor entertaining.

The property is located in the popular town of Matlock, Smedley street is a short distance away from Matlock town centre and the street itself consists of both commercial and residential properties. The town of Matlock benefits from being close to the Peak District National Park as well as being situated approximately 9 miles south west of Chesterfield and 19 miles north of Derby.

Accommodation

Commercial Unit – 432 sq m/ 4650 sq ft
Residential – 137 sq m/ 1475 sq ft
Total – 569 sq m/ 6125 sq ft

Investment Analysis

The property would be suited to various different uses (STP) and offers excellent potential for someone wishing to run/ expand on their own business.
If desired the apartment could be let for approximately £750 pcm (£9,000 pa).

The ground floor is currently trading as a vehicle repair shop and MOT garage which is well established within the area.

Notice to purchasers

There is an option to purchase the business fixtures, fittings and equipment subject to separate negotiations.

Services

We understand the property to have mains electricity, water and drainage.

Council Tax

The residential dwelling is registered band B

Business Rates

The property has a current rateable value of £13,500 pa, rates payable for 2019/ 2020 are approximately £3,300 pa.

Tenure

Freehold with vacant possession

Guide Price

£295,000+

Buyers Premium

2% (min. £3,600) inc. VAT

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