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Property Details

61 Spring Gardens, Buxton, Derbyshire, SK17 6BJ

Investment

977 Sq Ft (90.76 Sq M)

Freehold £240,000 for the Freehold

Description

LOCATION
The property is located on the main high street, Spring Gardens, in Buxton town centre. Buxton is in the heart of Derbyshire and is often described as the gateway to the Peak District National Park. It has a population of 21,000 (2001 census) and has built its reputation on being a hot spot for tourists, with over a million visitors to Buxton each year. In addition the University of Derby is less than half a mile away from the property which currently houses 17,475 students.
Nearby occupiers include Costa Coffee, Boots and Vodafone.

DESCRIPTION
The property comprises of a two storey retail premises on the principle shopping street in Buxton town centre. The property is currently a pawn brokers, with sales area covering ground floor and first floor comprising of a kitchen, WC with store rooms. Internally the property is in a good condition. To the rear is space for 2 cars and/or loading.

FLOOR AREAS (NIA)
Ground Floor 625 sq ft 58.1 m2
First Floor 352 sq ft 32.74 m2
Total 977 sq ft 90.8 m2

TERMS
The property is available by way of a new full repairing and insuring lease.

TENANCY SCHEDULE
Cashbrokers - 10 year FR + I lease from November 2018 at an annual rent of £19,500 pax with a tenant break at year 5.
PRICE
£240,000 exclusive

RATES
Rateable Value £14,750

LEGAL COSTS
Each party will be responsible for their own legal costs.

VAT
All prices and rents are exclusive of, but may be liable to VAT.

VIEWINGS
Strictly by appointment with sole agents Hallams Property Consultants.

Agent Details

Mike Burr
Hallams Property Consultants
mburr@hallams.com
01625 26 22 22