Property Description
Impressive and highly prominent mixed use investment. Comprising; well let ground floor restaurant /café with 2x luxurious duplex apartments above (1 x 1-bed and 1 x 2-bed).
The property has been reroofed and refurbished to the highest standards throughout. The 2 apartments have been completely overhauled and recently fitted with brand new electrics, kitchen, toilet and floor coverings. The vendor has spent approximately £200,000 on the building over recent years.
* 2 stylish & luxurious apartments * Apartments fully fitted & ready to market * Potential AirBnB letting projected income £30k pa * Rare freehold in popular market town * Reversionary rent & asset management opportunities * Potential reversionary yield 6.5%
Specification and floor areas
| Measurement | imperial | metric |
|---|
| Ground Floor | 3,046 sq.ft | 283 sq.m |
| Total Floor Area |
3,046 sq.ft |
283 sq.m |
Financials
For sale: (subject to contract)
- Price £695,000 equating to £228 psf
Agent's Disclaimer
IMPORTANT NOTICE
1) Omeeto are not authorised to make or give any
representations or warranties in relation to the property
either here or elsewhere, either on their own behalf or on
behalf of their client or otherwise. They assume no
responsibility for any statement that may be made by word of
mouth or in writing.
2) These particulars do not form part of any offer or contract
and “information” must not be relied upon as statements,
representations or facts.
3) All measurements, areas and distances are approximate
and for guidance. All descriptions, conditions, permission for
use and occupations should not be relied upon and it should
not be assumed that the property has all necessary planning,
building regulation or other consents. Services, equipment
and facilities etc have not been tested. Any interested party
must satisfy themselves on these matters by inspection,
independent advice or otherwise.
4) Photos, video’s, virtual tours etc show only certain parts of
the property as they appeared at the time of inspection.
There are no plans available to view for this property. Contact the agent for further information.
Property Location
Ashbourne is a popular market town in the Derbyshire Dales District, located approximately 12 miles north east of Uttoxeter and 14 miles west of Derby.
The premises are situated on King Edward Street, adjacent Ashbourne's bus station and main town centre car park. Nearby occupiers include Sainsbury's, Boots and many independent food/drink & clothing shops. Street parking and public transport are close by.
Ashbourne Town Centre is set to receive significant investment following £15m of Levelling Up funding being approved, Initial works plan to transform public spaces including Market Place, Victoria Square, Millennium Square and Shrovetide Walk. The second phase shall focus on a new community hub, transforming the Methodist Church into a multi-purpose community building with a wide range of event and meeting spaces, a performance venue and flexible work areas.
New traffic management plans will also transform the pedestrian experience in Ashbourne by widening footways and providing new and improved crossings as part of the third project.
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