4-6 Wirksworth Rd 7,648 SF Retail Building Duffield DE56 4GH $533,882 ($69.81/SF) 7.87% Cap Rate

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.
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.