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St. Johns Road, Chesterfield Mixed use for sale
St. Johns Road, Chesterfield
£700,000
St. Johns Road, Chesterfield
£700,000
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
This is an exceptional investment opportunity to acquire a freehold site of approximately 0.56 acres in a highly prominent location. The site currently comprises around 60% let, generating an annual income of £35,988, with significant potential for rental growth. The property features a mix of buildings and yard space, including a veterinary practice, MOT testing centre, storage units, a house, and a loft, with the opportunity to redevelop or reconfigure the space to suit a variety of uses. The vacant space presents an excellent opportunity for either leasing or redevelopment, and the site also offers flexibility for an owner-occupier to occupy the required space while leasing out any surplus. With a guide price of £700,000 to £750,000, this is a rare and highly sought-after opportunity for investors and owner-occupiers alike.