Investment No Longer Listed Bromley House, Market Place, Heanor, Derbyshire

Heanor is a town in the Amber Valley district of Derbyshire located 8 miles north-east of Derby.

The detached block of flats are situated on the Market Place, next to Heanor and Loscoe Town Hall, opposite the old Market Square. Heanor Market is still held here and open Friday and Saturday 9am - 2pm with stalls selling Fruit and Veg, Meat, Bread and Cakes, Pet Supplies, Clothing and home wear.

Being within the Town Centre the flats are surrounded by an excellent range of High Street conveniences, public transport and commuter links. The nearby A610 provides a fast road connection with Junction 26 of the M1 just six miles to the southeast.

8 x self contained flats, 2 x Class E units, scope for full resi conversion STP. Converted 2016 and superbly presented. Detached building with rear courtyard parking for c 3 vehicles.

The ground floor provides a self contained Class E unit, which fronts Heanor Market Place. Separately accessed and to the rear is a further site office and three self contained residential units. The upper floors have a separate access and provide five flats over the first and second floors. Each flat generally benefits from laminate floor coverings, electric heating, LED lights and fitted kitchens.

Areas have been taken from architect plans.

By way of a planning permission referenced AVA/2016/0188 the property from consent for conversion from a bank to Residential apartments with retained A1/A2 unit to Market Place. The building is Grade II listed List UID: 1109037. All parties should confirm the planning position with the relevant Local Authority.

All mains services with the exception of gas are connected to the property. Each flat has its own ingoing armoured cable and fuse board so could be sub metered.

Each of the flats have a council tax band of A and are separately assessed. We have not been able to identify the Class E accommodation on the VOA website.

Freehold

The detached block of flats and Class E units are available freehold subject to a lease to C WE R HERE Community Interest Company. The lease commenced in February 2022 and on full repairing and insuring terms for a period of 5 years. There is a tenant only break on expiry of the third year subject to six months prior written notice, a four month rent penalty. The commencing rent is £40,000 with a fixed increase to £45,000 year 4.

£599,999 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

Flat 1 D(53), Flat 2 D(67), Flat 3 D(61), Flat 4 D(67), Flat 5 E(48), Flat 6 D(63), Flat 7 D(54), Flat 8 F(38), Flat 9 E(42).

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.