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32 High Street, Alfreton, Derbyshire DE55 7BL
Vacant Commercial Building - 32 High Street, Alfreton, Derby
32 High Street, Alfreton, Derbyshire DE55 7BL
For Sale
£75,000+
Key Features
Freehold Vacant Building 6 Week Completion
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
Guide Price | £75,000+ |
Refurbishment / Works Budget | HB indicative £8,000–£50,000 |
Purchase + Works | £83,000–£125,000 |
Estimated GDV / Value | £86,250–£108,750 |
Estimated Rent / Income | £600–£2,500 pcm equivalent |
Potential Annual Income | £7,200–£30,000 pa |
Suggested Strategy | Commercial Investment |
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: ★★★☆☆
Auction Details :
Barnett Ross
Auction Date :
10/09/26
Lot Number :
005
Property Location:
32 High Street, Alfreton, Derbyshire DE55 7BL
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01773831698
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