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95-97, Bath Street, Ilkeston, DE7 8AP

An opportunity to acquire a double retail unit currently leased to one occupier with 2 x two bed flats above, also both fully let
Location: 95-97 Bath Street, Ilkeston, DE7 8AP
Property type: Mixed Use, Residential, Retail, Other Property Types & Opportunities
Tenure type: For Sale Freehold
Tenancy type: Investment
** UNSOLD – AVAILABLE AT £150,000 **

An opportunity to acquire a double retail unit currently leased to one occupier with 2 x two bed flats above, also both fully let.

Property Description
The shop is located within the busy pedestrianised retail area of Bath Street within the heart of Ilkeston town centre. The flats are accessed from the rear of the shop premises via a shared passageway to the right of the shop entrance. The ground floor retail area, formally two separate shops offers 72.75 sq.m. (783 sq.ft.) of accommodation. The current annual rent is £5,400 however the previous income was £8,000 p.a. when leased separately. At the rear of the shop is the doorway leading to the ground floor staff kitchen/store area and staff WC. Each of the flats have been refurbished to a high standard and are both let producing £10,300 p.a. The previous gross annual income for the residential and retail combined when fully let was £21,000 p.a. Ilkeston is a market town approximately 8 miles from Nottingham and 10 miles from Derby. The unit is located on the prime pedestrianised retail pitch between Market Place and the Albion Centre.

Retail Premises
Shop 72.75 sq.m. (783 sq.ft.)
Large retail space that was previously two separate shop units.

Kitchen/Store 7.7 sq.m. (83 sq.ft.)
Staff WC
FLAT 1 - 95A
Comprising -

Living Room 3.3m x 4.8m
With wooden floors, radiator and floor-to-ceiling double glazed windows overlooking the front of the premises.

Kitchen 3.3m x 4.8m
With wall and base units, wash hand basin, hob/oven/extractor.

Bathroom 2.15m x 1.8m
With lino floor and tiled walls, bath/shower, wc and wash hand basin.

Bedroom One 3.7m x 3.8m
With radiator, wooden floors, double glazed window overlooking front of premises.

Bedroom Two/Bathroom 4.8m x 3.7m
With radiator, double glazed window overlooking rear of premises and wooden floors. The main bathroom is accessed via the second bedroom.

Bathroom 2.15m x 1.8m
With bath/shower, wash hand basin and wc.

FLAT 2 - 97A
Accessed via a stairwell from the rear of the property up to the first floor.

Living Room 3.8m x 4.8m
With wooden floors, radiator and double-glazed window overlooking the front of the premises.

Kitchen 2.9m x 2.8m
With wall and base units, wash hand basin, hob/oven/extractor.

Bathroom and both bedrooms are accessed via a stairwell to the second floor.

Bathroom 2.9m x 1.7m
With lino floor and floor-to-ceiling tiled walls, bath/shower, wc and wash hand basin.

Bedroom One 4.85m x 2.1m
With radiator, wooden floors, double glazed window overlooking rear of premises.

Bedroom Two 3.6m x 3.75m
With radiator, double glazed window overlooking front of premises and wooden floors.

Outside Area
A shared passageway to the right of the shop entrance leads to the rear of the property where there is a small yard/bin store area. Both flats are accessed from here.

Tenure
Freehold. Subject to tenancy.

Viewings Details
Viewings can be booked online (under the Lot Information section on this page) or by contacting the auctioneers on 01332 242880.
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