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Unit 10 South Street, Ilkeston, Derbyshire, DE75 5QE
Marketed by:
Auction Estates Limited
Cavendish Rd, Carlton, Nottingham NG4 3DZ, UK
01157 844 600
Commercial Investment – Derbyshire
Unit 10 South Street, Ilkeston, Derbyshire, DE75 5QE
Unsold
£90,000+
Key Features
- An opportunity to acquire a retail investment property let to Best Shop located in the heart of Ilkeston town centre. Current Rent Reserved of £9,600 pa A retail investment property let to Best Shop in the heart of Ilkeston town centre
- Total current rent reserved of £9,600 per annum
- A high yielding investment opportunity An opportunity to acquire a retail investment property let to Best Shop located in the heart of Ilkeston town centre. Current Rent Reserved of £9,600 pa
- Occupying a prominent position in the retail centre of Ilkeston
- Situated within an established retail parade
- Located opposite Ilkeston Market Place
Description
An opportunity to acquire a retail investment property let to Best Shop located in the heart of Ilkeston town centre. Current Rent Reserved of £9,600 pa A retail investment property let to Best Shop in the heart of Ilkeston town centre
Accommodation / Key Property Details
- Total current rent reserved of £9,600 per annum
- A high yielding investment opportunity An opportunity to acquire a retail investment property let to Best Shop located in the heart of Ilkeston town centre. Current Rent Reserved of £9,600 pa
- Occupying a prominent position in the retail centre of Ilkeston
- 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
Location
Unit 10 South Street, Ilkeston, Derbyshire, DE75 5QE
Tenure
Mixed/complex tenure – see legal pack; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.
Auction Information
| Auctioneer | Auction Estates |
| Auction Date | Thursday 8 October 2026 at 2:30pm |
| Venue | Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE |
| Lot Number | 022 |
| Status | For Sale |
| Guide Price | £90,000+ |
| Buyer’s Premium | £1,800 inc VAT at the guide-price band |
| Additional Fees | Seller may charge additional completion fees; check Special Conditions in legal pack |
Investment Analysis
Investment Snapshot
| Guide Price | £90,000+ |
| Asset Type | Commercial / Investment |
| Tenure | Mixed/complex tenure – see legal pack |
| HB Desktop Works Allowance | £11,000 |
| Buyer’s Premium | £1,800 inc VAT |
| Guide + Works + Buyer Premium | £102,800 |
| Passing Rent / ERV | £9,600 pa (source particulars) |
| Gross Yield on Guide | 10.7% |
| HB Base Value / GDV Screen | £115,000 |
| 75% Refinance Screen | £86,250 |
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: £11,000. Confirm scope through inspection, survey and contractor/QS pricing.
Rental Value
£9,600 pa (source particulars), equivalent to a 10.7% gross yield on the guide price.
Low / Base / High Investment Scenario
| Low | £105,000 |
| Base | £115,000 |
| High | £125,000 |
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.
Auction Details :
Auction Estates Limited
Auction Date :
08/10/26
Lot Number :
022
Property Location:
Unit 10 South Street, Ilkeston, Derbyshire, DE75 5QE
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