121–123 High Street West, Glossop, Derbyshire, SK13 8BB

Description

A substantial mixed-use investment opportunity occupying a prominent double-fronted position in the heart of Glossop. The property comprises a spacious ground-floor commercial unit together with two large, self-contained one-bedroom flats, all of which are being sold with the existing tenants in situ. The commercial accommodation benefits from a six-year lease, while the building currently generates a combined gross rental income of £28,200 per annum. TO BE SOLD BY ONLINE AUCTION FROM 21ST-22ND OCTOBER 2026, UNLESS SOLD PRIOR UNDER AUCTION TERMS.

Accommodation

Spacious ground-floor commercial unit together with two large, self-contained one-bedroom flats.

Location

High Street West is an established commercial and residential location within easy reach of Glossop town centre's shops, supermarkets, cafés, restaurants and the recently regenerated Market Hall. Glossop railway station and local bus services are also readily accessible.

Tenure / Property Information

Investment Analysis

The £260,000 guide equates to approximately 10.85% gross income yield against the stated £28,200 annual rent. The supplied sold comparables are nearby but are recorded as “Other”, provide no accommodation or income detail, and range from £100,000 to £195,000 across different years, so they do not support a reliable market value or GDV for this mixed-use, income-producing property.

Investment Snapshot

Strategy Recommendation

Potential income-led freehold investment, subject to verification of the £28,200 rent, commercial lease, residential tenancies, operating costs and condition. Do not bid above a separately supported valuation or verified yield-based limit.

Works Required

No specific repair or refurbishment works are evidenced. Undertake legal, lease, tenancy, building-condition and services due diligence before committing to works or a bid.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because no GDV, refurbishment budget, finance costs, net operating income or refinance valuation evidence is provided. The stated income may support an attractive initial gross yield, but refinancing capacity cannot be calculated.

Buy-to-Let Analysis

The stated combined gross rental income is £28,200 per annum, equivalent to £2,350 per month and a 10.85% gross yield at the £260,000 guide. This is based on gross income rather than verified net income or external achieved-rent evidence. The commercial lease is stated to be six years, but lease terms, rent review provisions, tenant strength, flat tenancy details, operating costs and vacancy risk are not supplied.

Flip Analysis

A flip appraisal is unsupported. No condition, refurbishment scope, GDV, selling costs or comparable mixed-use valuation evidence is supplied, and the available sold comparables are insufficiently specific.

Investor Risks & Due Diligence

• The £28,200 figure is stated gross rental income; net income and all property operating costs are unknown.

• Commercial lease terms beyond the six-year duration, including rent, reviews, repairing obligations and tenant covenant, are not supplied.

• Residential tenancy terms, rents, deposits, arrears and compliance information are not supplied.

• No building condition, EPC, heating, services, parking or repair information is provided.

• Buyer, administration and other auction costs are unspecified.

• The supplied sold comparables lack accommodation and income detail and may not be directly comparable.

Recommendation

Potential income-led freehold investment, subject to verification of the £28,200 rent, commercial lease, residential tenancies, operating costs and condition. Do not bid above a separately supported valuation or verified yield-based limit.

Strategy Rating

Analysis Confidence

The guide price, stated gross income, tenure, occupancy and broad accommodation are supplied, but there is no specific rental comparable, detailed lease or tenancy information, condition evidence, costs, fees, GDV or reliable mixed-use valuation evidence.