38, 38a Market Place

Bolsover, Derbyshire, S44 6PN

2017-07-27 12.46.28.jpg
Property Type Retail, Investment
Availability For Sale
Size 1,476 sq ft
Freehold Price £207,000
Business Rates (based on rateable value of £7,000) england-small

TWO GROUND FLOOR SHOPS, FLAT, & GARAGE

Location

The subject property is located in the centre of Bolsover, which is approximately 6 miles east of Chesterfield, 20 miles south of Sheffield and 25 miles north of Nottingham. Bolsover benefits from good links to the M1 motorway to the south and north of the England.

The property fronts Market Place in the commercial centre of Bolsover, with nearby occupiers including Elliot Meats, Bella Blu Restaurant, Golden Grill, Martins World Travel, Anchor Inn pub, amongst a number of other local independent shops.

Key Points

  • Substantial property located in the historic market town of Bolsover.
  • Two shops and flat currently producing an income of £14,700 per annum.
  • Potential to increase the total income.

Description

The property comprises a mid-terrace two storey building with a detached rear garage/workshop. The accommodation consists of two ground floor shops, residential to the upper floor and workshop space to the rear. 38 Market Place comprises of a ground floor takeaway unit and includes a front sales area and rear preparation area. Access is via a front and rear door. 38A Market Place is a lock up retail unit, including a sales area and WC facility. Access is via a front door. At first floor level there is self-contained two bed flat with living room, kitchen, and bathroom (with shower, wash basin and WC). The accommodation to the upper floor requires a scheme of modernisation and upgrading works. Access is via a rear external staircase. To the rear of 38 Market Place there is a detached two storey garage/workshop property which is currently used for storage purposes.

Accommodation

38 Market Place  (Ground Floor)
Front Sales Area: 22.15 sq m (238 sq ft)
Rear Preparation Area: 12.47 sq m (134 sq ft)
 
38a Market Place (Ground Floor)
Sales Area: 18.75 sq m (202 sq ft)
WC
 
Residential Accommodation (First Floor)
Living Room: 4.1m x 3.7m
Kitchen: 3m x 4.1m
Bedroom 1: 4.55m x 4.1m
Bedroom 2: 2.86m x 4.54m
Bathroom with shower, wash basin & WC
 
Rear of 38 Market Place (Garage/Worksop)
Ground Floor: 40.39 sq m (435 sq ft)
First Floor: 43.36 sq ft (467 sq ft)

Services

All mains services appear to be connected to the property, however not throughout all demises. We have not tested any of the services and recommend that these are tested prior to purchase.

Lease/Tenancy Details

38 Market Place is let to individuals trading as ‘Pizza Hot’ on a 25 year lease from 23rd November 2016 at a rent of £5,940 pa. The same tenants also let the first floor flat on AST at a rent of £2,760 pa. 38A Market Place is let to individuals trading as ‘HEADLINES’ on an informal agreement at a rent of £6,000 pa. The workshop/garage building is currently used for storage purposes by the current owner, although does offer potential to develop. The total current income is approximately £14,700 pa.

Tenure

Freehold.