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St. Johns Road, Chesterfield Mixed use for sale
St. Johns Road, Chesterfield
£750,000
St. Johns Road, Chesterfield
£750,000
Our Summary
- 56 acres with a range of buildings and yard space - currently circa 60% let – providing an exceptional investment opportunity
- The current rents have largely been in place for some time, with the more prominent units more recently reviewed, offering significant potential for rental growth to over double the current income
- Additionally, the vacant space presents an excellent opportunity for either leasing or redevelopment
- The property offers significant potential for future development, with the opportunity to add an additional storey, subject to the necessary consents and permissions being obtained
- Yard Space - There is ample space for circulation, parking and access to the various units, and opportunity to extend, reconfigure or redevelop subject to requirements and obtaining the necessary consents and permissions
Description
This prominent freehold site in Littlemoor offers a rare investment opportunity, comprising approximately 0.56 acres of mixed buildings and yard space, with around 60% currently let and generating an annual income of £35,988. The site features a range of buildings, including a veterinary practice, MOT testing center, storage units, a house, and a loft, all situated in a highly visible location. The current rents have largely been in place for some time, providing significant potential for rental growth, and the vacant space presents opportunities for leasing or redevelopment. The site also offers flexibility for an owner-occupier, allowing for occupation of required space while leasing out surplus and retaining existing tenants. With its prominent location and diverse range of buildings, this property presents a unique opportunity for investors or owner-occupiers looking to capitalize on its potential.