Property Information
Address:
101 Bath Street, Ilkeston, Derbyshire
, DE7 8AP
, Derbyshire
, United Kingdom
Price: Sale Price: £138,000
Size: 1192 sq ft111 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH677213
Property Ref/Agent: 6333
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: April 27, 2024
Property description
This is a fantastic opportunity to acquire a rarely available investment property generating a valuable income stream. The ground and first floor accommodation have recently been refurbished with the 'Coffee Spaniel Company' signing a new 5 year full repairing and insuring lease at a passing rent of £15,000 per annum in 2022.
The retail space to the ground floor currently trading as 'Mad Dog Coffee Bar' has been well fitted out with wooden panel flooring, painted plaster walls and ceilings with new shop signage. To the rear, the property also includes additional store room and WC facilities.
Additionally there is a shared rear yard with access to the first floor apartment which is held under the same 5 year lease and includes a kitchen / lounge area, bathroom and two bedrooms fitted to a modern standard.
High yield commercial investment property
Impressive 10% return based on the guide price
Auction Date: Thursday 30th May 2024 at 9.00am
Guide Price £138,000+ plus fees
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