7 Bed Terraced House For Sale

We are thrilled to present this multi-unit investment opportunity in Chesterfield! Consisting of a popular corner shop, a care home / supported accommodation HMO facility for care leavers, and a 1 bedroom apartment used to provide supported accommodation for ages 18+. Thoughtfully designed with meticulous attention to detail, together with a combined income of £61,396 per annum, this property is a great prospect for the astute investor.



The corner shop occupies the ground floor (No. 2), with a commercial lease in place until May 2035. The care home / HMO is located on the first and second floors, consisting of 6 en-suite bedrooms, an office, guest WC, a good sized kitchen/diner with a separate utility, and has a useful store on the ground floor. Additionally, there is ground floor access to the 1 bedroom studio apartment (No. 6 - annex to No. 4). There is a lease agreement over both residential units, with the income set to rise after the next review in February 2024.



Chesterfield town centre is accessible via public transport within 20 minutes, car in less than 10 minutes, or by foot in 30 minutes, where many amenities and eateries can be found. Chesterfield Train Station also provides links to further afield towns and cities, the closest city being Sheffield (under 15 minute train journey).



Income;



£61,396 PA



Corner Shop Lease - £9,100 PA (+VAT)

Residential Lease - £52, 296 PA (zero-rated)



Expenditure;



Lease holders cover bills and management.