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No longer on the market

This property is no longer on the market

Office

Auction
Sold STC
Office
1700
Added > 14 days

Features and description

  • New lease agreed on the 16th of October 2023 for the ground-floor for £1000 PCM - 2 Year Lease
  • Investment Opportunity
  • Mixed Use Commercial and Residential Property
  • Ground Floor Office
  • First Floor Two Bedroom Accommodation
  • Generating Approximately £18,420 Per Annum
  • Freehold Title
*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this fantastic mixed-use investment property. The two-storey property is situated in a prominent high street location on Derby Road, Heanor. The property is located within easy reach of amenities and transport links. This property comprises of a ground floor office, currently leased by Whitegates Estate Agents at £12,000 per annum. To the first floor is a two bedroom flat with a bathroom, lounge and kitchen which we are advised is currently tenanted at £535 per calendar month. This property currently generates approximately £18,420 per annum making it an ideal opportunity for investors.


Please note we have not inspected this property.

Rooms

Location
The subject property is located along Derby Road, Heanor, Derbyshire. Derby Road is an established commercial location, and is close to all local amenities.

Accommodation
GROUND FLOOR Office space tenanted by Whitegates Estate Agents. FIRST FLOOR Two bedroom flat with a kitchen, lounge & bathroom.

Tenancy Information
The ground floor commercial is tenanted at £12,000 per annum on a 2 year lease which commenced on the 16th of October 2023. This tenant has recently signed a new agreement to extend this term for another 2 years from 1st of November 2023 to 31st October 2025. We are advised the first floor flat is tenanted at £535 per calendar month. This property currently generates a total income of £18,420 per annum.

Tenure
Freehold. TITLE NUMBER: DY143451

Rateable Value
The current rateable value is £5,200 (1 April 2023 to present). Sourced from VOA

EPC
Both available upon request (Rating D).

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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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