Apartment for sale in Chapel Street, Alfreton, Derbyshire, DE55

Description

Leaders are delighted to offer this outstanding opportunity to acquire a fully-let, mixed-use freehold investment producing a strong 9% yield, with a total annual income of £65,796. The property comprises five well-located retail units and five spacious two-bedroom residential apartments, each fully self-contained and individually metered, with tenants responsible for their own utilities. All units hold valid Energy Performance Certificates, ensuring compliance and ease of management. Situated in a prominent town centre position adjacent to a busy car park and library, the 730 sq ft commercial frontage benefits from high visibility and steady footfall via a natural pedestrian route connecting High Street, Chapel Street, and Severn Square. With mains electricity, water, and drainage connected to each unit — and no leasehold or service charge complications — this is a rare, low-maintenance, income-generating asset in a high-demand central location, ideal for investors seeking reliable returns and long-term capital growth.

Council Tax Band A

Room Details

1 Chapel Walk:

Retail Shop: 9.07m x 8.13m (29'9" x 26'8"), The unit has a maximum internal width of 8.13m, an overall depth of 9.07m And a total area of approximately 730 square feet (67.81 square metres). The retail unit has a kitchenette and a WC with low flush WC and wash hand basin.

First Floor:

2 Chapel Walk: , A two bedroom apartment let at £590.00 per calendar month.
Comprising side entrance hall, landing, lounge 4.03m x 5.89m kitchen3.68m x 3.48m, Bedroom 1 3.08m x2.98m , Bedroom 2 2.96m x 2.53m and bathroom 2.68m x 2.06m containing a three piece suite with shower over bath.

Retail Unit: , Let at £350.00 per calendar month the lease expires 15th October 2039.

3 Chapel Walk:

Retail Unit: 7.09m x 5.91m (23'3" x 19'5"), The unit has a maximum internal width of 7.09m, an overall depth of 5.91m. Part glazed entrance door, single glazed display window, suspended ceiling with fluorescent lighting. The has a kitchenette and a WC with low flush WC and wash hand basin.

3A Chapel Walk: , Hallway, living kitchen 5.92m x 3.26m, bedroom 13.08m x 2.98m, bedroom 2 2.96m x 2.53m and bathroom 2.63m x 1.76m with a three piece suite with shower over bath.

4 Chapel Walk: 9.56m x 5.88m (31'4" x 19'4"), The unit has a maximum internal width of 5.88 m, an overall depth of 9.56m and a total area of approximately 600 square feet (55.62 square metres). Part glazed entrance door, single glazed display window, suspended ceiling with fluorescent lighting. The unit has a WC with low flush WC and wash hand basin. Let at £493.00 per calendar month, lease expiries 1st July 2026.

4A Chapel Walk: , Side Entrance Hallway, lounge area 3.47m x 5.89m,kitchen area 2.79m x 3.36m, bedroom 1 2.98m x 3.70m, bedroom 2 and bathroom 1.76m x 2.63m.

5 Chapel Walk:

Sales Shop: 5.84m x 10.63m (19' x 34'11"), The unit has a maximum internal width of 5.84 m, an overall depth of 10.63m and a total area of approximately 729.92 square feet (67.81 square metres). Part glazed entrance door, single glazed display window, suspended ceiling with fluorescent lighting. The has a kitchenette and a WC with low flush WC and wash hand basin. Let at £493.00 per calendar month and the lease expires 11th August 2029.

5A Chapel Walk: , A two bedroom apartment.