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AGENT'S DETAILS


The Forge Shopping Centre, Church Street

For sale: £1,285,000.00|8804 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£1,285,000.00
SIZE8804 Sq Ft
ADDRESSThe Forge Shopping Centre, Church Street, Dronfield, S18 1QX
TYPEOther, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON21st September 2020

DESCRIPTION

Key Points

  • Converted former Forge - comprising of 24 retail units
  • External car parking & attractive communal atrium areas
  • Total current passing rent is £100,265 per annum
  • Affluent market town centre location
  • Opportunity to increase the income stream
  • Affordable rents with a history of high occupancy levels
  • Summary

    UNIQUE FREEHOLD RETAIL / LEISURE INVESTMENT

    Description

    The property is a converted former forge, which now comprises of 24 retail units. The property was converted to its current use as a shopping centre in 2004, although retains many original features dating back to the 16th century. The Forge Shopping Centre (www.theforgedronfield.co.uk) is made up of an eclectic mix of independent and boutique occupiers. Current occupiers include a jewellers, beauticians, suit hire, ladies fashions, florists, arts, and cafe. The property comprises of single and two storey units of brick and stone elevations, beneath pitched slate, profile steel and glazed roofs. The 24 retail units are arranged in a square shape around a communal cafe area which is located beneath a glass atrium. The retail units are self contained and salient details for each unit are shown on tenancy schedule. Externally there is a tarmac car park which could accommodate approximately 30 cars.

    Location

    The Forge Shopping Centre is located in the heart of Dronfield town centre, directly opposite Dronfield train station. The property can be accessed via the corner of Lea Street and Church Street. Dronfield is an attractive market town in North East Derbyshire. According to the 2011 census Dronfield has a population of 21,000. Dronfield is located approximately 7 miles south of Sheffield city centre and approximately 6 miles north of Chesterfield town centre.

    Specifications

    • Electricity (single phase) • Water • Mains drainage • Intruder alarm • Fire alarm • Telephone • Broadband • Electric heating

    Promo

    Fully Let Investment

    Tenancy Schedule

    Total current passing rent is £100,265 per annum. Tenancy schedule and lease details are available by request.

    Tenure

    Freehold

    Service Charge

    There is a service charge for the maintenance of the building and common areas. Further details are available by request.

    Price

    £1,285,000. The property is elected for VAT, and it is intended that the sale will be treated as a Transfer of a Going Concern (TOGC).

    LOCATION

    Location: The Forge Shopping Centre, Church Street, Dronfield, S18 1QX

    Dronfield (0.1 miles)

    Dore (2.7 miles)

    Chesterfield (4.8 miles)

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