121 Bath Street, Ilkeston, Derbyshire

Description

The subject is a three-storey mixed-use (retail and residential) property of masonry construction with facing brick elevations and a series of pitched and mono-pitched tile roofs.
Internally, the ground floor retail premises (121 Bath Street) is occupied by a tanning shop operator and fitted out for this use, with staff facilities to the rear and a large cellar providing useful subterranean storage accommodation.
At first floor level, the property comprises a separately accessed and well appointed two-bedroom flat (121a Bath Street) with spacious living room, as well as a modern kitchen and shower room.
At second floor level, there is an additional two-bedroom flat (121b Bath Street) which is also separately accessed and benefits from a modern kitchen/living room and shower room.
Externally, to the rear of the property, there is a small enclosed yard area together with an adjacent block paved car parking area providing off-street parking for each of the property's component parts (three parking spaces in total).

Key features

• Ground floor retail premises with two separately accessed 2-bedroom flats above.
• Retail Net Internal Area of 113.88sq.m. / 1,226sq.ft.
• Fully let investment currently generating £23,100p.a.x., rising to £24,300p.a.x. in June 2025.
• New 5-year renewal lease agreed for the commercial element, to expire in June 2030.
• Opportunity to potentially increase rent upon tenancy renewal/re-letting of 121a Bath Street.
• Prominent corner position within established retail pitch.