Chatsworth Road, Chesterfield

A rare opportunity to acquire prominent freehold mixed-use premises on Chatsworth Road, with a long established salon to the ground floor, and a one-bedroom flat above providing an excellent investment opportunity.

79 Chatsworth Road - Situated in a very prominent position on Chatsworth Road at its junction with Bank Street, the property offers an excellent opportunity to acquire freehold premises in this most desirable position providing an excellent investment opportunity.

To the ground floor is an excellent retail / salon space which is occupied by long established and well respected Niche Hair Design.

To the first floor is a one bedroom flat which would benefit from a scheme of modernisation, providing excellent scope to add value.

The premises provide an excellent investment opportunity, with the potential to provide a yield of between 7% and 8.5%.

A viewing is essential to appreciate the scope of the accommodation on offer.

Ground Floor - To the ground floor the premises provide an exceptional retail/ salon unit in a highly prominent position, with frontage to Chatsworth Road and Bank Street with large display windows to both aspects.

The salon has been occupied for many years by Niche Hair Design, a well-respected and long established salon - perhaps one of the longest in operation on Chatsworth Road.

The current lease has expired, with rent continuing at £5,520 per annum exclusive, payable at £460 per calendar month.

First Floor - To the first floor is a comfortable one bedroom flat, accessed from the rear via a stair case providing its own separate access.

A uPVC entrance door opens into an entrance hall off which is a kitchen through which the living room is accessed, and the shower room.

Stairs rise to the bedroom which is within the roof space, providing a loft feel.

The flat would benefit from a scheme of refurbishment, or could be reconfigured to provide a more open plan feel if so desired.

One bedroom flats within the vicinity have achieved circa £600 per calendar month depending on quality and condition.

Material Information - -Conventional masonry construction contained below a pitched roof.
-The property appears connected to mains electricity, water and drainage services.
-Ground Floor - 31.9 Sq.M/ 343 Sq.Ft GIA
-First Floor - 37 Sq.M/ 398 Sq.Ft
- Total - 68.9 Sq.M/ 741 Sq.Ft
- Off road parking is available to the rear.
-Upon website enquiry we believe the property is entered in the current rating list at £6,000 Rateable Value under the description salon and premises.
-Upon website enquiry we believe the property is entered in the current council tax list as Band A as 79a Chatsworth Road.
-The property is situated within the Chesterfield Borough Council’s administrative area.
-EPC Rating Ground Floor - C
-EPC Rating First Floor - E
-Freehold Tenure under Title reference P180296