Property Description

***HIGH YIELDING FREEHOLD OPPORTUNITY*** Occupying a prime trading position in the heart of the historic market town of Matlock, is a substantial stone and brick built two storey retail unit with an approximate floor area of 2,300 sq.ft (213.65 sqm2) or thereabouts, and is currently producing a combined gross rental income of £22,500 per annum. This represents an impressive 11.4% return based on the guide price (rising to £24,750 per annum in 2030). Number 7 is most of the ground floor and is occupied by Jade Leonie Beauty and Hair. The leased commenced on 01/03/2025 for a term of five years and two months, with following rentals payable: £11,000 per annum until 30/04/2025. £12,000 per annum until 30/04/2026. £13,500 per annum until 30/04/2030. Please note a small section of the ground floor is currently sub-let by another beauty salon operator, although this falls within the curtilage of 7c. Number 7c has ground floor access from off the main pavement and forms the whole of the first floor accommodation which is leased to Run Forest (specialist running shop) at a rent of £11,250 per annum. We are informed by the seller both tenants are on internal repairing and insuring leases. The beautiful spa town of Matlock is an exceedingly sought after location boasting a picturesque town centre, an abundance of amenities including local supermarkets, fashionable pubs, restaurants plus a wide range of independent shops, the River Derwent and well renowned primary and secondary schools. The nearby famous Chatsworth House is situated within a short commute.

7 - Shop Front

56ft max x 15ft 8 (17.07m x 4.78m)

Treatment Room

10ft 6 x 7ft 5 (3.20m x 2.26m)

Rear Hall

20ft 3 x 3ft 7 (6.17m x 1.09m)

Kitchenette

4ft 3 x 2ft 7 (1.30m x 0.79m)

Main Kitchen

6ft 3 x 4ft 9 (1.91m x 1.45m)

WC

8ft 2 x 3ft 1 (2.49m x 0.94m)

7C -

Ground Floor Entrance with stairs

First Floor Shop Divided into Two Rooms

55ft 8 x 18ft 2 (16.97m x 5.54m)

Lobby with stairs to ground floor

8ft 6 x 6ft 3 (2.59m x 1.91m)

WC

11ft 6 x 2ft 7 (3.51m x 0.79m)

WC

11ft 6 x 2ft7 (3.51m x 0.79m)

Lobby/Rear Store Room

16ft 5 x 11ft 5 (5.00m x 3.48m)

Sub-Let Salon - ground floor passage

24ft 6 x 3ft 2 (7.47m x 0.97m)

Kitchenette - opening through to:-

5ft 2 x 6ft 5 (1.57m x 1.96m)

Treatment Area

8ft 5 x 5ft 8 (2.57m x 1.73)

Main Kitchen

9ft 7 x 8ft 4 (2.92m x 2.54m) - Irregular shaped room.

WC

8ft 7 x 2ft 7 (2.62m x 0.79m)

Conservation Area

We have been made aware this property is in the Matlock Bridge conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.

Tenure

Freehold

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