Retail for sale

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%.