Investment for sale Ilkeston DE7 8AP,1226sq ft

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Investment

Investment For Sale Ilkeston

PROPERTY ID: 138781

PROPERTY TYPE

Investment

STATUS

Available

SIZE

1,226 sq.ft

Key Features

Ground floor retail premises with two separately accessed 2-bedroom flats above.

Retail Net Internal Area of 113.88sq.m. / 1,226sq.ft.

Fully let investment currently generating £23,100p.a.x., rising to £24,300p.a.x. in June 2025.

New 5-year renewal lease agreed for the commercial element, to expire in June 2030.

Opportunity to potentially increase rent upon tenancy renewal/re-letting of 121a Bath Street.

Prominent corner position within established retail pitch.

Property Details

The Subject Is A Three-storey Mixed-use (retail And Residential) Property Of Masonry Construction With Facing Brick Elevations And A Series Of Pitched And Mono-pitched Tile Roofs. Internally, The Ground Floor Retail Premises (121 Bath Street) Is Occupied By A Tanning Shop Operator And Fitted Out For This Use, With Staff Facilities To The Rear And A Large Cellar Providing Useful Subterranean Storage Accommodation. At First Floor Level, The Property Comprises A Separately Accessed And Well Appointed Two-bedroom Flat (121a Bath Street) With Spacious Living Room, As Well As A Modern Kitchen And Shower Room. At Second Floor Level, There Is An Additional Two-bedroom Flat (121b Bath Street) Which Is Also Separately Accessed And Benefits From A Modern Kitchen/living Room And Shower Room. Externally, To The Rear Of The Property, There Is A Small Enclosed Yard Area Together With An Adjacent Block Paved Car Parking Area Providing Off-street Parking For Each Of The Property's Component Parts (three Parking Spaces In Total).

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About the Agent

Salloway Property Consultants Ltd

See Agent's Other Properties

Investment Unit

£275,000 Freehold

121 Bath Street, Ilkeston, DE7 8AP

Investment - Available
1,226 sq ft
114 sqm

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