Derby Road, Stapleford NG9 2 bed detached house for sale

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Derby Road, Stapleford NG9 2 bed detached house for sale

Derby Road, Stapleford, NG9
£279,000

Our Summary

  • There is lapsed planning permission for two apartments to be built on the back of this building and so a precedent has been set
  • Also planning permission is granted to convert the back work spaces into a separate 1-bedroom apartment and still retain the front retail space

Description

This mixed-use property is located in the heart of Stapleford town center, offering a retail space with office space and storage areas on the ground floor, and a two-bedroom residential apartment above. The retail space has a prominent high street position, attractive Victorian frontage, and high-spec security and air conditioning. The property is currently tenanted, with a 5-year lease on the retail space and an AST on the residential apartment, generating a combined annual income of £21,600. The property has undergone significant renovation work in 2017, including a new roof, and has planning permission to convert the back work spaces into a separate apartment. The residential apartment features an open-plan kitchen and living room, two rear double bedrooms, and a generous bathroom. The property offers a great return on investment, with a potential yield of over 7% on a sale price of £300,000.