Commercial Property
***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.
56ft max x 15ft 8 (17.07m x 4.78m)
10ft 6 x 7ft 5 (3.20m x 2.26m)
20ft 3 x 3ft 7 (6.17m x 1.09m)
4ft 3 x 2ft 7 (1.30m x 0.79m)
6ft 3 x 4ft 9 (1.91m x 1.45m)
8ft 2 x 3ft 1 (2.49m x 0.94m)
Ground Floor Entrance with stairs
55ft 8 x 18ft 2 (16.97m x 5.54m)
8ft 6 x 6ft 3 (2.59m x 1.91m)
11ft 6 x 2ft 7 (3.51m x 0.79m)
11ft 6 x 2ft7 (3.51m x 0.79m)
16ft 5 x 11ft 5 (5.00m x 3.48m)
24ft 6 x 3ft 2 (7.47m x 0.97m)
5ft 2 x 6ft 5 (1.57m x 1.96m)
8ft 5 x 5ft 8 (2.57m x 1.73)
9ft 7 x 8ft 4 (2.92m x 2.54m) - Irregular shaped room.
8ft 7 x 2ft 7 (2.62m x 0.79m)
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.
Freehold. Subject to tenancy.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
No Parking Available
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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