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St. Johns Road, Chesterfield Mixed use for sale
St. Johns Road, Chesterfield
£650,000
St. Johns Road, Chesterfield
£650,000
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
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Here is a summary of the property description in a single paragraph:
This outstanding freehold site in Littlemoor offers a rare investment opportunity, comprising approximately 0.56 acres of land with a range of buildings and yard space. Currently, 60% of the site is let, generating an annual income of £35,988, with potential for rental growth to over double the current income. The site features a mix of buildings, including a prominent anchor tenant, Vets4Pets, and a variety of other units, including storage spaces, a garage, a house, and a loft. The property also presents an opportunity for an owner-occupier to occupy the required space while leasing out any surplus and retaining the existing tenants. With significant potential for redevelopment and expansion, this property is an exceptional investment opportunity.