32 High Street, Alfreton, Derbyshire DE55 7BL

Description

Freehold Vacant Building 6 Week Completion A semi-detached building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first floor.

Accommodation

on the first floor. ACCOMMODATION Ground Floor Shop Gross Frontage 17'0" Internal Width 16'0" Shop & Built Depth 47'7" Sales Area Approx. 677 sq ft First Floor Ancillary/Office Front Ofice Area Approx. 120 sq ft Centre Office Area Approx. 403 sq ft Rear Kitchen Area Approx. 95 sq ft Total Area Approx. 1,295 sq ft

Location

Close to the junction with Limes Avenue, in the heart of the town centre, adjacent to Bonmarché, opposite British Heart Foundation and amongst other multiple retailers such as Boots, Nationwide, Subway, Betfred, Superdrug, Costa and a variety of independent retailers. The market town of Alfreton is located in the Amber Valley, approximately 12 miles north-east of Derby and 20 miles south of Sheffield enjoying easy access to the A38 and A61 being approx. 4 miles west of the M1 (Junction 28).

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial Investment. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.

Rental & Market Context

Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.

Potential BRRR Position

Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupational leases and rent schedule

• Inspect condition and obtain contractor quotations

• Confirm planning/use class and development constraints

• Confirm finance, VAT and insurance position

• Allow for Barnett Ross administration fee and any seller costs in the legal pack

Recommendation

Proceed only where verified total project cost and income support the intended commercial investment strategy with adequate contingency and margin.

Strategy Rating

Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆