Where is the Mixed Use located?
Alfreton is a busy market town located in the Amber Valley District of Derbyshire, c15 miles northeast of Derby and 18 miles northwest of Nottingham.
The property is situated on a prominent corner plot at the junction of High Street and Limes Avenue. Nearby occupiers include Costa Coffee, Boots The Chemists, Farm Foods and Superdrug. There is a bus stop opposite and ample free street parking locally.
The location provides easy access to the A38 dual carriageway linking to the motorway network, J28 of the M1.
What does the Mixed Use comprise?
Highly prominent shop. Corner position. Former Barclays bank. With planning permission implemented for 8 self-contained residential units above. Fenced and gated rear yard for parking. Ample street parking.
Ground Floor: Shop / Restaurant totalling 2,080 sq ft
First Floor: 2x 1 bed flats and 3x 1 bed studio totalling 1,553 sq ft
Second Floor: 1x 1 bed flat and 2x 1 bed studio totalling 998 sq ft
The property has been stripped to shell with some boarding and first fix electrics done. Windows have been ordered and will be installed Q1 2025. Vendors advises they are selling due to relocating.
How has the Mixed Use been measured?
The accommodation has been measured on a Net Internal Area basis (NIA), in accordance with the RICS Code of Measuring Practice. Areas have been taken from architect plans and should be confirmed.
Floor |
Sq Ft |
Sq M |
Ground Floor Retail |
2,080 |
193.23 |
First Floor: 5 apartments |
1,553 |
144.27 |
Second Floor: 3 apartments |
998 |
92.71 |
Total | 4,631 | 430 |
What has the property been used for?
We believe the property has been used under Class E (Commercial, Business and Service) of the Town and Country Planning (Use Classes) Order 1987 (as amended). All parties should confirm the planning position with the relevant Local Authority. Suitable for professional uses.
By way of a planning permission referenced AVA/2024/0326 consent has been granted for conversion of existing first & second floor to form 8 residential flats. This permission was dated 25 July 2024.
Are there Utilities?
We understand the building is connected to mains metered supplies and on completion of works, it is proposed each unit shall be self-contained with its own metered supplies. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
What is the Rateable Value?
The property is currently listed on VOA.gov.uk as:
59-63 as a bank and premises : £26,750 pa
1st Floor No 63 as offices and premises : £3,350 pa
2nd Floor No 63 as offices and premises : £2,550 pa
Due to the change of use, the property may need to be reassessed. Due to the property currently being uninhabitable there may also be scope to have it removed from the rating list. Prospective purchaser's must satisfy themselves as to the rating position by taking the appropriate advice.
How is the property offered?
Freehold
For sale freehold.
How much is the Price?
£380,000 offers in excess of. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
What is the EPC rating?
No 59-63 : D (79)
No 61-63 : G (170)
No 63 : D (92)
What are the viewing arrangements?
Please contact us or visit the OMEETO website for full details and 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.
Info Pack
Working drawings are available on request from the agents.