Unit 1 - 2 South Street, Ilkeston, Derbyshire, DE7 5QE

Description

An opportunity to acquire a retail investment property let to Bosk Bar & Cocktail Club located in the heart of Ilkeston town centre. Current Rent Reserved of £9,999.96 pa An opportunity to acquire a retail investment property let to Bosk Bar & Cocktail Club

Accommodation / Key Property Details

• Occupying a prominent position in the retail centre of Ilkeston
• Current Rent Reserved of £9,999.96 pa An opportunity to acquire a retail investment property let to Bosk Bar & Cocktail Club located in the heart of Ilkeston town centre. Current Rent Reserved of £9,999.96 pa
• Situated within an established retail parade
• Located opposite Ilkeston Market Place
• Nearby occupiers: Snap Fitness, Lloyds & Hogarths
• Close to multiple town centre pay-and-display car parks
• Adjacent to bus stop going to surrounding areas
• Ground floor retail unit
• Comprising open plan trading area, kitchen, customer & staff toilets

Location

Unit 1 - 2 South Street, Ilkeston, Derbyshire, DE7 5QE

Tenure

Mixed/complex tenure – see legal pack; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.

Auction Information

Investment Analysis

Investment Snapshot

Market Comparables

The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.

Proposed Works

HB desktop allowance: £9,000. Confirm scope through inspection, survey and contractor/QS pricing.

Rental Value

No passing/ERV figure extracted from source particulars. No unsupported market rent has been presented as achieved income.

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases/licences, rent collection, repairing obligations, VAT/business rates, service costs, covenant strength, access and title. ERV is not the same as achieved rent.

Maximum Bid Indicator

Capitalise verified sustainable income at an appropriate yield and deduct buyer premium, works, legal/professional, finance, holding, contingency and required return. SDLT/tax treatment is buyer-specific.

Strategy Recommendation

Income hold/value-add where passing rent and covenant support it; redevelopment only where planning/title evidence supports the alternative use.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★☆☆ | Development: ★★☆☆☆

Key Risks

Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.

Analysis Confidence

High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.