125 Blenheim Drive, Allestree, Derby, Derbyshire

Description

The property comprises a valuable mixed-use investment and has been constructed of rendered brick beneath a pitched slate roof.

The property is located within a parade of three mixed-use commercial premises fronting Blenheim Drive and comprises a large retail unit to the ground floor with two self-contained residential apartments to the first.

In further detail, the ground floor comprises an attractive front retail area with a double window shop frontage, along with a partitioned storage room, kitchen and WC to the rear. The first floor residential accommodation can be accessed separately with both flats currently let on standard AST agreements at £405 pcm and £475 pcm respectively.

Externally, the property benefits from a rear communal yard with gated access to the adjoining Askerfield Avenue along with a tarmacadam forecourt allowing for dedicated parking for up to four vehicles.

Location

Allestree comprises a popular suburban area approximately 3 miles to the north of Derby City Centre with the main retailing provision of the borough being centred around the Park Farm shopping Centre and Blenheim Drive (of which the property is located).

The area is well represented by a plethora of independent retail traders serving both the immediate area and wider catchment to the north of the city.


Accommodation

The accommodation has been measured on a gross internal area basis in accordance with the RICS code of measuring practice (6th edition):

Total Gross Internal Area: 2,128 sq ft / 197.8 sq m

Planning

We understand that the property falls within use class E and use class C3 respectively but may be suitable for alternative uses subject to the necessary planning consents.

All planning information should be confirmed with the local authority.

Services

It is understood that all mains services are connected to the property each with separate meters.

Rates

The property is currently listed on the Valuation Office website as having a rateable value of £13,500.

In respect of the flats we understand the council banding is listed as A.

Legal Costs

Each party is to bear their own legal costs in connection with the transaction.

VAT

It is our understanding that VAT is not applicable with the purchase of this property.

All figures quoted are exclusive of VAT.

Viewing

Strictly via appointment with sole agent BB&J Commercial.

Key features

• Includes a vacant ground floor retail unit along with two self contained first floor one bedroom apartments both on ASTs with a combined rent of £10,5
• Dedicated parking for up to 4 vehicles.
• Providing a total gross internal area of 2,128 sq ft / 197.8 sq m.
• Located within the popular Derby Borough of Allestree.
• The property is available to purchase at offers in excess of £395,000.