74 High Street, Swadlincote | Property for sale | Savills
Guide price £295,000(9.676.460.857 ₫)

74 High StreetSwadlincote

  • New
  • Sole agency
  • Freehold
Investment
Yield 11%Yield

Key features

  • Freehold Parade Investment
  • 1,695 sq ft self-contained uppers floors vacant
  • Benefitting from planning consent to convert the upper parts into flats
  • Investment let at £30,500 p.a. plus 1,695 sq ft vacant 10.33% GIY on Guide Price
  • Arranged as 3 shops with self-contained upper parts
  • Located on High Street and close to Lloyds Bank amongst others
  • VAT is not applicable

Comprising a parade of 3 shops and self-contained upper parts currently arranged as 3 shops with offices above.

About this property

  • Freehold Mixed-Use Parade Investment arranged as 3 shops with self-contained vacant upper parts benefitting from planning consent to convert into 3 x 1 bedroom flats. Current rent passing £30,500 p.a. plus 1,695 sq ft vacant

Local information

  • Swadlincote is located about 15 miles south of Derby and 4 miles south-east of Burton-on-Trent and serves a population of some 36,000.
  • The property is situated in a prominent position on the north side of the pedestrianised High Street close to its junction with Church Street.
  • There are a number of public car parks close to the property.
  • Occupiers close by include Lloyds Bank, Foresters Arms, Fortune Garden takeaway and many other mainly local occupiers.
  • Transport
  • Road - The town enjoys good communications, being in between the A38 and A42, the latter giving access to the M1 Motorway and East Midlands Airport, some 14 miles to the north-east.