To Let - For Sale - Mixed use investment

Location

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.

Description

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. Impressive period building constructed c1890.

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.

Accommodation

Areas have been taken from architect plans.

Floor	Sq Ft	Sq M
Class E GF Front	366	34
Unit 1 (now class E) GF rear	172	16
Unit 2 GF Bedsit	301	28
Unit 3 GF 1 Bed flat	355	33
Unit 4 GF 1 Bed flat	269	25
Unit 5 FF 1 Bed flat	366	34
Unit 6 FF Bedsit	237	22
Unit 7 FF Bedsit	291	27
Unit 8 SF Bedsit	323	30
Unit 9 SF Bedsit	366	34
Total	3,046	283

Planning

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.

Services

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.

Rating

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.

Tenure

Freehold

The detached block of flats and Class E units are available freehold with vacant possession. Alternatively may consider a lease of the whole.

Price

Rent: £45,000 per annum
Sale: £550,000 offers in excess of

VAT

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

EPC

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).

Viewing

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.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Note

Plans, maps and drawings are not to scale.

Particulars Updated

07-Mar-2022