Unit 3, 42 High Street, Woodville, Swadlincote, Derbyshire

Description

Unit 3, 42 High Street comprises a single-storey end terraced retail property with the current occupants 'Upo's Fish Bar (Woodville) Limited' committing to a new 14 year internal repairing and insuring lease from the 7th August 2024 at a passing rent of £26,000 per annum which includes an upwards only open market rent review at the 5th and 10th anniversaries.

Internally, the property comprises a good sized rectangular shaped retail area upon entry and has been fitted to a good standard with tiled walls and flooring, a suspended ceiling incorporating category 2 lighting, a large payment counter along with a large double glazed UPVC windowed shop frontage with pedestrian access door.

The property also includes a separate storage and food preparation room, partitioned cellular office, and WC facility to the rear, comprising tiled walls and floors, a suspended ceiling with category 2 lighting, and two walk-in refrigerators. It also features fire escape access leading to a shared rear alleyway.

Externally the property also has use of the tarmacadam forecourt which provides shared parking for up to 15 vehicles.

Location

The subject property is located on a prime pitch parade of three commercial retail units positioned fronting the main High Street (A511) within the heart of Woodville. Flanked by established national retailers Tesco Express and Greggs Bakery, the property enjoys high levels of passing traffic and footfall.

The A511 is a key arterial route connecting Woodville to nearby towns such as Burton upon Trent, Swadlincote and Ashby-De-La-Zouch, providing easy access to major road networks including the A444 and A42, with links to the M6 motorway. This strategic location ensures excellent transport connectivity and significant exposure to both local and regional traffic.

The property is also well-served by nearby amenities with a mixture of retail, dining and professional uses within close proximity. It's central position within the village makes it easily accessible for local residents and passing commuters alike, further enhancing the current tenant's trade.

Accommodation

The accommodation has been measured on a net internal area basis in accordance with the RICS code of measuring practice (6th edition).

Total Net Internal Area: 1,358 sq ft / 126 sq m.

Planning

We understand the property has the benefit of planning consent for use class sui generis (formerly A5 hot food and takeaway) and also holds an alcohol licence.

All planning and licensing information should be confirmed with the local authority.

Services

We understand that all mains services are available at the property.

Rates

The subject property is listed on the valuation office website as having a rateable value of £16,750.

Legal Costs

Each party is to be responsible for their own legal costs in connection with this transaction.

VAT

We are informed by the vendor that VAT will be applicable on the subject property.

All figures quoted are exclusive of VAT.

Viewing

Strictly by prior appointment with sole agent BB&J Commercial.

Key features

• Available to purchase for £350,000
• Adjacent to national retailers Tesco Express and Greggs Bakery.
• An active IRI lease of 14 years (no breaks) commencing 7th August 2024 generating a passing rent of £26,000 per annum representing a gross yield of 7.
• Popular location with high levels of passing traffic and footfall.
• The property is available to purchase £350,000.