Investment Retail - Sold - please contact the office to discuss your requirement.

Mixed-Use Investment Sold Harpur Crewe House, Swarkestone Road, Chellaston, Derby DE73 6UF

£650,000 Guide price (please check the VAT status)

4,072 Sq Ft (378.3 Sq M)

Over Head Photo
Investment Retail - Sold
2

Key Features - Sold

  • Sale: £650,000 Guide price (please check the VAT status)
  • 4,072 Sq Ft (378.3 Sq M)

  • 1x Ground floor shop tenanted by Birds (Derby) Ltd
  • 5x first floor self-contained, 2 bed apartments
  • Producing £46,710 p.a. to include Ground Rents
  • Reversionary freehold of the block included
  • 0.46 acre site providing ample parking and potential development plot
  • Prominent corner position

Where is the Mixed-Use Investment located?

Chellaston is a popular and desirable suburban village on the southern outskirts of Derby just 3.6 miles from Pride Park and 4.8 miles from Derby City Centre.

The block is situated at the corner of Swarkstone Road and High Street with surrounding occupiers to include Lidl, Chellaston Community Centre, the Lawns Public House and an excellent range of neighbourhood centre shops and services.

There are bus stops outside and adjacent to the property providing regular services.

Description

Mixed-use investment with potential development plot. Modern purpose built block in a prominent position. The investment for sale comprises retail unit 2, let to Birds (Derby) Ltd and 5 x 2 bed apartments. Currently producing a net rent of £47,104 p.a to include ground rent income.

Unit 1 and apartments 1 2, 3, 4 and 6 are offered for sale. The apartments are well presented with laminate floor coverings, fitted units, electric heaters and double glazed windows. Each apartment generally comprises a kitchen, diner, two bedrooms and a separate bathroom. The apartments are accessed via a communal entrance hall with a staircase and shared balcony area.

The block is situated in a site extending 0.46 acres providing ample car parking and a potential development plot.

How has the accommodation been measured?

Measurements have been provided by the vendor.

Floor Sq Ft Sq M
Unit 1, GF Birds 929 86.3
Apartment 1, FF, 2 Bed 700 65.03
Apartment 2, FF, 2 Bed 538 49.98
Apartment 3, FF, 2 Bed 538 49.98
Apartment 4, FF, 2 Bed 710 65.96
Apartment 6, FF, 2 Bed 657 61.04
Total4,072378

Planning

We believe Ground Floor units 1-3 have been used under Class E (Commercial, Business and Service) and apartments 1-7 are C3 (Residential) under the Town and Country Planning (Use Classes) Order 1987 (as amended). All parties should confirm the planning position with the relevant Local Authority.

Services

All main services are connected to the property. Each unit is separately metered with separate landlord / communal area supplies recovered via the service charge.

How is the accommodation offered?

Freehold

Unit 2 is offered for sale subject to an occupational lease to Birds (Derby) Ltd for 10 years from Jan 2019. There is a tenant only break in and rent review January 2024. Apartments 1, 2, 3, 4 and 6 are offered for sale with each apartment currently being let by way of an AST. The combined rental income is £47,100 per annum.

The reversionary freehold of the block is included. Central Midlands Co-operative Society Limited occupy unit 1 by way of a 125 year Long Lease from 1991. A private individual holds unit 3 by way of a 999 year virtual freehold from 1996. Within the grounds is a detached cold store associated with unit 3. This has been sold by way of a Long Lease expiring May 2040. Apartments 5 and 7 have been sold previously. Each party pays a £1 per annum ground rent and contributes to the block service charge.

Price

£650,000 Guide price. Please check the VAT status.

VAT

All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.

Service Charge

Currently each tenant pays a fair and reasonable proportion to cover the service charge in respect of maintenance and up keep of the block. A copy of the SC budget is available on request.

EPC

Ground Floor Unit 1 - B-47
Apartment 1 - D-56, Apartment 2 - C-70, Apartment 3 - D-56. Apartment 4 - D-62, Apartment 6 - C-70.

What are the viewing arrangements?

Please check our data room 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.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

13-Dec-2023

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access various property documents.

Front Image Annotated Plan

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Map showing location of property

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. You can change your cookie settings in your browser at any time.