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77-79 Newbold Rd 599 SF Retail Condo Unit Offered at $262,626 in Chesterfield S41 7QA
Investment Highlights
- Mixed-use investment opportunity
- Prominent position on Newbold Road within Chesterfield.
- Let on long-term tenant lease
Executive Summary
The property comprises a mixed-use building arranged as a ground-floor commercial unit with linked residential accommodation at first-floor level and ancillary basement storage. The first floor provides two-bedroom residential accommodation comprising a kitchen, utility area and bathroom. The property occupies a prominent roadside position within an established mixed commercial and residential area of Chesterfield. Provide your feedback on BizChat
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 7.43% |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| Tenure | Freehold |
Description
The commercial accommodation is arranged over the ground floor with basement storage below. The ground floor is currently configured as a fish and chip takeaway, incorporating a sales area, preparation space, ancillary storage and rear accommodation. The unit benefits from a prominent display frontage to Newbold Road and is suitable for retail or food-related occupation, subject to any required consents.
The unit is currently let to a well-established fish and chip shop, fully fitted out with operation fixtures and fittings.
The property appears connected to mains gas, electricity, water and drainage services.
Ground Floor – 55.7 Sq.M/ 599 Sq.Ft together with a basement/ cellar of 19.1 Sq.M/ 205 Sq. Ft – total 74.8 Sq.M/ 804 Sq.Ft (Gross Internal)
First Floor – 44.6 Sq.M/ 480 Sq.Ft
Total – 119.4 Sq.M/ 1,284 Sq.Ft approx. – please note all measurements are approximate.
On road parking is available in the vicinity – some is permit.
Upon website enquiry we believe the property is entered in the current rating list at £8,700 Rateable Value under the description shop and premises.
The property is situated within the Chesterfield Borough Council’s administrative area.
EPC Rating – Band D
The unit is currently let to a well-established fish and chip shop, fully fitted out with operation fixtures and fittings.
The property appears connected to mains gas, electricity, water and drainage services.
Ground Floor – 55.7 Sq.M/ 599 Sq.Ft together with a basement/ cellar of 19.1 Sq.M/ 205 Sq. Ft – total 74.8 Sq.M/ 804 Sq.Ft (Gross Internal)
First Floor – 44.6 Sq.M/ 480 Sq.Ft
Total – 119.4 Sq.M/ 1,284 Sq.Ft approx. – please note all measurements are approximate.
On road parking is available in the vicinity – some is permit.
Upon website enquiry we believe the property is entered in the current rating list at £8,700 Rateable Value under the description shop and premises.
The property is situated within the Chesterfield Borough Council’s administrative area.
EPC Rating – Band D
Sale Notes
Ground floor configured as an established fish and chip shop.
Investment opportunity - yield of 7.43% at asking price.
Investment opportunity - yield of 7.43% at asking price.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 77 | 599 SF | Retail | $262,626 ($438.44/SF) | $19,513.13 |
Unit 77
| Unit Size |
| 599 SF |
| Condo Use |
| Retail |
| Price |
| $262,626 ($438.44/SF) |
| NOI |
| $19,513.13 |
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Unit 77
| Unit Size | 599 SF |
| Condo Use | Retail |
| Price | $262,626 ($438.44/SF) |
| NOI | $19,513.13 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| Tenure | Freehold |
| Description | |
| The commercial accommodation is arranged over the ground floor with basement storage below. The ground floor is currently configured as a fish and chip takeaway, incorporating a sales area, preparation space, ancillary storage and rear accommodation. The unit benefits from a prominent display frontage to Newbold Road and is suitable for retail or food-related occupation, subject to any required consents.<br> <br> The unit is currently let to a well-established fish and chip shop, fully fitted out with operation fixtures and fittings.<br> <br> The property appears connected to mains gas, electricity, water and drainage services.<br> <br> Ground Floor – 55.7 Sq.M/ 599 Sq.Ft together with a basement/ cellar of 19.1 Sq.M/ 205 Sq. Ft – total 74.8 Sq.M/ 804 Sq.Ft (Gross Internal)<br> <br> First Floor – 44.6 Sq.M/ 480 Sq.Ft<br> <br> Total – 119.4 Sq.M/ 1,284 Sq.Ft approx. – please note all measurements are approximate.<br> <br> On road parking is available in the vicinity – some is permit.<br> <br> Upon website enquiry we believe the property is entered in the current rating list at £8,700 Rateable Value under the description shop and premises.<br> <br> The property is situated within the Chesterfield Borough Council’s administrative area.<br> <br> EPC Rating – Band D</li></ul> | |
| Sale Notes | |
| Ground floor configured as an established fish and chip shop.<br> <br> Investment opportunity - yield of 7.43% at asking price.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 3,221 SF | Typical Floor Size | 531 SF |
| Property Type | Retail (Condo) | Year Built | 1950 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | C | Lot Size | 0.02 AC |
| Floors | 2 |
| Total Building Size | 3,221 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 531 SF |
| Year Built | 1950 |
| Tenancy | Single |
| Lot Size | 0.02 AC |
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77-79 Newbold Rd
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