Commercial property for sale in West Bars, Chesterfield S40

A unique opportunity to acquire a high-quality investment property in the heart of Chesterfield Town Centre, producing an income of £34,600 per annum.

15 -17 West Bars

An outstanding opportunity to acquire this modern yet characterful building, built to an excellent standard in 2019 and comprising of a retail/ professional ground floor unit of 818 square feet, with two very well proportion apartments above with accommodation over two floors, with a stunning roof terrace above.

Providing an excellent investment opportunity, a viewing is essential to appreciate the accommodation on offer.

Ground Floor

To the ground floor is a highly flexible commercial unit, offering retail/ professional space in a prominent position in the heart of Chesterfield town centre, currently let to Thorn Baker Industrial Recruitment under the terms of a five year lease, commencing from April 2021.

15 West Bars

The right hand apartment as you look at the front of the property, 15 West Bars provides a spacious two bedroom apartment with a well-proportioned living room and kitchen diner to the first floor, two bedrooms and a bathroom to the second floor, and a roof terrace with fine far reaching views to the third floor.

Let on a furnished basis, the property currently generates a rental income of £750 per calendar month, equating to £9,000 per annum.

17B West Bars

The left hand apartment as you look at the front of the property, 17B West Bars provides a spacious two bedroom apartment with a well-proportioned living room and kitchen diner to the first floor, two bedrooms and a bathroom to the second floor, and a roof terrace with fine far reaching views to the third floor.

Let on a furnished basis, the property currently generates a rental income of £800 per calendar month, equating to £9,600 per annum.

Material Information

Conventional masonry construction.
Powered coated aluminium framed double glazed windows and doors
Air-conditioning for the ground floor commercial space
Gas central heating for each apartment
As far as we are aware the property is connected to and served by mains services including electricity, gas and water & drainage
Total current income £34,600 per annum
Ground floor let April 2021 for a 5 year term - passing rent £16,000 per annum
15 West Bars - let on an AST - now periodic at £750 per calendar month - £9,000 per annum
17B West Bars - let on an AST - now periodic at £800 per calendar month - £9,600 per annum - they have served notice which expires 12th August 2024
Ground Floor NIA – 76.02 sq.m./ 818 sq.ft.
15 West Bars Gross internal floor area – 85.9 sq.m./ 924 sq.ft.
17B West Bars Gross internal floor area – 96.9 sq.m./ 1,043 sq.ft.
Council - Chesterfield Borough Council
Ground floor rating list entry - £11,000 under the description of Shop and Premises
15 West Bars - Tax Band A
17B West Bars - Tax Band A
Tenure – Freehold under title reference DY145581.
Parking – there is no parking with the property, but parking is available in the vicinity
Ground Floor EPC Rating – tbc.
15 West Bars EPC Rating – B.
17B West Bars EPC Rating - B.
Please note 17B West Bars has also been known as 17A West Bars.