BALI

Apartments 1-8
Chapel Mews
Wellington Street
Chesterfield
S43 2BG

£875,000
Download PDF

INCOME PRODUCING INVESTMENT OPPORTUNITY

6007 sq, ft

Approximate Site Area

For Sale

Features Include....

  • 2 BEDROOMS PER FLAT
  • 8 TENANTED RESIDENTIAL UNITS
  • ANNUAL INCOME OF £42,600 PER ANNUM
  • ASSOCIATED PARKING

Property Summary

Description
The subject property comprises a total of 8 residential apartments, all benefitting from 2 bedroom accommodation.

All properties are heated by way of electric wall mounted heaters and domestic hot water is supplied by an electric pressurised hot water system.

There is a communal car park accessed directly off Wellington Street beneath a central archway providing access to the rear elevation where a single allocated car parking space is available for each individual apartment

Council Tax
All 8 units in Chapel Mews are in Council Tax Band B
£1,384.91 per annum

Guide Price
£875,000
(Eight Hundred and Seventy Five Thousand Pounds)

Terms
The premises are available for sale Freehold with the benefit of the existing Assured Shorthold

Tenancies.
Existing Tenancies
The premesis are let by way of 8 separate ASTs ranging from £400 - £475 pcm which therefore provides a total annual income of £42,600 per annum.

A full schedule of the existing tenancies is available on request.

VAT
Unless stated all prices are quoted exclusive of Value Added Tax (VAT).

Legal Costs
Each party will be responsible for their own legal costs incurred in this transaction

Energy Efficiency Rating
A copy of the Energy Performance Certificate is available upon request.

Services
We understand that mains electricity, water and drainage are connected to the premises. However, we recommend that interested parties contact the relevant service providers to confirm this.

Viewing
Strictly by prior appointment through the sole letting agents, Musson Liggins.

The subject property is situated to the west side of Wellington Street, a typical Victorian terraced road within New Whittington.

Wellington Street has links with the B6052, High Street to the north, which does provide access to the A61 to the south west located approximately 2 miles distance. The A61 provides direct access to
Chesterfield located approximately 5 miles distance to the south of the subject property.

Links are available with Junction 30 of the M1 Motorway located approximately 5 miles due east of the subject property.

0 - 10,000 sq ft

For Further Information Contact

Matthew Wade BSc (Hons) MRICS

Director

Professional Experience I first came to Nottingham in 1999 and my first job was as a graduate surveyor with FHP. I qualified as a chartered surveyor in 2000 and then joined Geo. Hallam & Sons and latterly Humberts where I..

Jack Farrell - Surveyor

Experience I have worked at Musson Liggins since May 2018 having previously worked at Bairstow Eaves in Nottingham. I assist with all aspects of General Practice surveying however the majority of my time is spent dealing with commercial property agency...

Fields marked with an * are required