4-6 Wirksworth Road

Description:

Comprising a semi-detached building of traditional brick construction with a pitched tiled roof above. The ground floor space has most recently been used as an optician / clinic benefiting from two front entrance doors off Wirksworth Road and secondary access to the rear. The accommodation is well presented and benefits from a kitchen to the rear and toilet facilities. The first floor and roof space has been converted into two duplex flats both comprising of a living / kitchen accommodation at first floor level with bedrooms at second floor level.

Location:

The property is centrally located at the junction of Wirksworth Road and Derby Road (A6) which provides access to Derby to the south (approx. 5 miles) and Belper to the north (approx. 3 miles). Duffield is a prosperous residential commuter village with an established neighbourhood retail offering to include a Co-Op food store adjacent to the property.

Tenure:

The freehold of the property is available subject to 3 tenancy agreements as below:

Unit 4a – Duplex flat Let on an Assured Shorthold Tenancy for an initial fixed term of 12 months from 9th August 2024 and then monthly thereafter. Rent £895 per month (£10,740 per annum.

Unit 4b – Duplex flat Let on an Assured Shorthold Tenancy for an initial fixed term of 6 months from 1st April 2026 and then monthly thereafter. Rent £795 per month (£9,540 per annum).

Unit 6 – Ground floor retail / clinic Let to Midland Optical Enterprises Ltd (Company No. 11614654) on a 5 year lease expiring on 27th June 2029. Annual rent £10,800 per annum payable monthly in advance.

The tenant has an Experian rating of 100 giving a Very Low Risk rating.

Total current income – £31,080 per annum.

Price:

Exclusive price of £395,000. A purchase at this level gives a Net Initial Yield of 7.5%.

• Mixed use investment opportunity
• Fully let to 3 tenants
• Ground floor retail / clinic
• Two duplex residential flats
• Current income £31,080 per annum
• Centrally located in Duffield