DRAFT DETAIL Investment For Sale Bridge Street, Tutbury, Burton-On-Trent

Tutbury is a sough after village set in the district of Staffordshire, with Burton 4 miles to the West and Derby 10 miles to the North.

The investment for sale is located on Bridge Street, half a mile north of Tutbury centre. Bridge Street is a predominately residential location that links with the main A511 immediately to the north.

Tutbury village and the nearby village of Hatton both have an excellent range of amenities; doctors, dentist, restaurants, supermarkets, train station and pubs. Pay and display car parks are nearby to the property, on Lower High Street and Duke Street.

What 3 Words Location: baked.passively.openings

Mixed use investment. ERV £40,200 p.a. Ground floor commercial unit fronting Bridge Street and 4 x self-contained 1 bed apartments. To the rear is a garden for shared use of the tenants.

The shop provides a regular shaped trading area, with kitchenette and WC. The shop was fully refurbished in 2020 and benefits from large double fronted display windows.

The self-contained apartments are located over the ground and first floors. Each apartment provides a fully fitted kitchen and living room space, 1 bedroom and a shower-room.

The floor areas of the shops have been taken from the VOA and are measured NIA. The areas of the apartments have been taken from the EPC certificates. The buyer must satisfy themselves these areas are correct.

We believe the shop falls under Class E (Commercial, Business and Service), the apartments are C3 (Residential) of the Town and Country Planning (Use Classes) Order 1987 (as amended). By way of a permission (at appeal) referenced CU/27055/001 the premises benefitted from consent to convert the building into one shop and three one bed apartments. By way of further consent referenced P/2021/01095 permission was granted to extend the ground floor apartment. Parties are advised that following the extension, the ground floor apartment has been subsequently divided into two units. All parties should confirm the planning position.

All mains services with the exception of gas are connected to the property. The shop is separately metered for services. Apartments 8A, B and C are separately metered. 8D is let inclusive of electric and water costs. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

The ground floor shop is currently listed on VOA.gov.uk with the assessment of £5,400. Subject to status the occupying tenant may be able to claim 100% rates relief.

Apartments 8A, 8B, and 8C have a council tax Band of A.

Freehold

The shop is currently vacant and advertised to let at £6,000 p.a.
The investment for sale is offered freehold subject to the apartments being fully let. The apartments are each let to separate individuals by way of separate AST's. The apartments are currently achieving a combined rent income of £27,600 p.a.

£400,000 Guide price. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

Shop - D (84)
Apartment 8A- E (41)
Apartment 8B - E (42)
Apartment 8C - D (58)
Apartment 8D - TBA

Advertised joint agent with Scargill Mann & Co. Tenants are unaware of the sale. A Virtual Tour is available for the retail unit. A physical viewing of the whole will be possible for the preferred purchaser. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.