148 Bath Street, Ilkeston, Derbyshire

Description

148 Bath Street comprises a two-storey mid-terraced retail property with the current occupants 'Premier Community Mobility' committing to a new 10 year Internal repairing and insuring lease (with the exception of the roof) from the 16th July 2023 at a passing rent of £16,000 per annum which includes a break on the 5th anniversary.

Currently, the property provides a large main retail area to the front, additional retail / storage on the rear which includes a small partitioned office and access to further storage to the first floor. The property also benefits from two dedicated parking spaces.

With the tenants committing to a further 10 years, this property provides a strong return on the investment available which is rarely seen within the area. Additionally the property currently has secured planning consent for the alteration and of the existing first floor accommodation to create a two-bedroom apartment. For further detail of the scheme, use the reference 0418/0018 on the Erewash Borough Council planning register.

Key features

• An active IRI lease of 10 years commencing the 16th July 2023 at £16,000 per annum with an option to break on the 5th Anniversary.
• Fantastic high street location within Ilkeston
• Net internal areas circa 1,754 sq ft / 163 sq m
• Planning consent for first floor apartment.
• Offers in excess of £215,000