29B Market Place, Heanor, Derbyshire

Description

The building is of masonry construction, surmounted in the main by a pitched tile roof, save for a section of the property to the rear which is set beneath a flat roof.
At ground floor level, the property comprises a hot food takeaway unit with a retail area to the front with kitchen and ancillary storage leading towards the rear with WC facilities provided at the back of the property along with access to the parking and bin storage.
The property's first floor accommodation comprises a bathroom and larger living area whilst the second floor comprises two bedrooms.
Internally, the hot food takeaway element of the property is presented to a reasonable standard and in general comprise a combination of vinyl and tile floor coverings, tiled and painted plaster walls and ceilings inclusive of a combination of strip lighting and pendant lighting.

Key features

• Ground floor hot food takeaway unit measuring approximately 77.89sq.m / 838sq.ft.
• No VAT payable.
• First and second floor residential accommodation.
• Net Initial Yield of 8.73%.
• Busy location on Heanor's Market Place.
• Rental income of £16,000 per annum exclusive.