Available
Swadlincote – Vacant Retail
52 High Street, Swadlincote, Derbyshire DE11 8HSFreehold Vacant Retail with Re-Development Potential
Price
£195,000
Rent P.A.
ERV: £20,000
Tenure
Freehold
Area
2,021 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £20,000 p.a. GIY: 10.26%
- Comprises two-storey retail premises (Use Class E)
- Residential development potential of upper floor and ground floor re-development potential to split into two units, subject to obtaining the necessary consents
- Situated in the heart of the town centre with occupiers nearby including Superdrug, Cardfactory, Restaurant`s, Greggs, Peacocks and Boots Pharmacy, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises double fronted ground floor former bank premises with ancillary accommodation above, providing the following accommodation and dimensions:
Ground Floor: 138.05 sq m (1,486 sq ft)
Open plan retail, office, wc
First Floor: 49.70 sq m (535 sq ft)
Ancillary, office, storage
Total GIA: 187.75 sq m (2,021 sq ft)
Ground Floor: 138.05 sq m (1,486 sq ft)
Open plan retail, office, wc
First Floor: 49.70 sq m (535 sq ft)
Ancillary, office, storage
Total GIA: 187.75 sq m (2,021 sq ft)
Location Description
Swadlincote is a National Forest market town located about 15 miles south of Derby and 4 miles south-east of Burton-on-Trent and serves a population of some 36,000. The town enjoys good communications, being in between the A38 and A42, the latter giving access to the M1 Motorway and East Midlands Airport, some 14 miles to the north-east. The property is situated in the heart of the town centre with occupiers nearby including Superdrug, Cardfactory and more.
