75 High Street, Alfreton, Derbyshire DE55 7DP
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 12 Freehold Retail Investment – Gross Yield 11.6% 6 week completion SITUATION Located close to the junction with Limes Avenue and occupying a prominent trading position amongst such multiple retailers as Boots the Chemist, Costa, Superdrug, Scrivens, Domino’s, Post Office, William Hill, and Nationwide . 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). PROPERTY A mid terraced building comprising a Ground Floor Shop with Ancillary Accommodation on the first floor. ACCOMMODATION¹ Ground Floor Shop Gross Frontage 29'6" Built Depth 80'6" Area Approx. 2,136 sq ft First Floor Ancillary Area Approx. 1,179 sq ft WC Total Area Approx. 3,215 sq ft ¹Not inspected by Barnett Ross. Areas taken from VOA. VAT is NOT applicable to this Lot FREEHOLD TENANCY The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to Ashgate Hospicecare Shops Limited as a Charity Shop (with Ashgate Hospicecare as guarantor – T/O for Y/E 31.03.24 £14.4m, Pre-Tax Loss of £524,504 and Shareholders’ Funds £10.4m) (having 17 shops and 2 coffee shops – visit: ashgatehospice.org.uk) for a term of 10 years from 12th November 2024 (renewal of a previous lease – in occupation since 2015) at a current rent of £29,000 per annum exclusive. Rent Review 2029 Tenant’s Break 2029, subject to the tenant paying a 2 month rent penalty to the Landlord.
