* Freehold
* Ground floor commercial unit plus four apartments
* Situated in a thriving town
* Neighbouring occupiers include Poundland, Costa and Superdrug
* Rental income of £40, 020 per annum
* Offers in the region of £355, 000 (Three Hundred and Fifty Five Thousand Pounds). A purchase at this level reflects a Net Initial Yield of approximately 10. 8%, assuming usual purchaser costs
Investment opportunity to purchase four flats with a ground floor commercial
unit situated in a thriving town
**Summary - **
\ - Freehold investment opportunity
\ - Ground floor commercial unit plus four apartments
\ - Situated in a thriving town
\ - Ground floor let to Connells Group (Burchell Edwards)
\ - Neighbouring occupiers include Poundland, Costa and Superdrug
\ - The residential accommodation is let by way individual AST's
\ - Rental income of £40, 020 per annum
\ - Offers in the region of £355, 000 (Three Hundred and Fifty Five Thousand
Pounds)
A purchase at this level reflects a Net Initial Yield of approximately 10. 8%,
assuming usual purchaser costs
** _Lease summary_ \ - **
The ground floor commercial unit is currently occupied by Connells Group
(Burchell Edwards) with the lease commencing on the 28/09/12 and expired
27/09/2017. The tenant has continued to hold over and the current rental
income is £18, 000 per annum on an effective full repairing and insuring basis.
The four flats to the upper and rear floors are tenanted by way of AST's with
the earliest lease commencing on the 26/11/2019. The current rent for the
residential accommodation is £22, 020 p. a.
Total current income : £40, 020 p. a.
** _Location_ \ - **
The property is located on Bridge Street in Belper, a town and parish in the
local government district of Amber Valley in Derbyshire.
Belper lies four miles south - west of the town Ripley, seven miles north of the
major city of Derby and six miles west of the Nottinghamshire border. The
nearest train station is approximately 150 yards away from the property with
the East Midlands Airport being approximately 21. 8 miles away. The site allows
for easy access with the A6 being within 2. 6 miles and the M1 being
approximately 10. 7 miles away.
1 - 3 Bridge Street is adjacent to King Street, a shopping parade with local and
national occupiers including Poundland, Costa and Superdrug. Whilst being a
thriving modern town, Belper is at the heart of the Derwent Valley National
Heritage Corridor and is recognised for playing a significant role in the
Industrial Revolution.
** _Description_ \ - **
The three - storey stone fronted building under a pitch slate roof has a retail
glazed frontage to the ground floor. The first and second floors provide
residential accommodation.
The Ground floor retail unit features sales area, office, W/C and kitchenette
facilities. Internally, this unit provides painted/plastered walls, suspended
ceilings, florescent tile lighting as well as a combination of carpeted and
vinyl floor coverings.
The commercial unit and residential accommodation has access to the rear yard
space with the residential properties being accessible via a separate entrance
on Bridge Street.
For more information, please see the attached brochure or contact the relevant
agents.
Ground floor commercial unit plus four apartments
Situated in a thriving town
Neighbouring occupiers include Poundland, Costa and Superdrug
Rental income of £40, 020 per annum
Offers in the region of £355, 000 (Three Hundred and Fifty Five Thousand
Pounds). A purchase at this level reflects a Net Initial Yield of
approximately 10. 8%, assuming usual purchaser costs

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