Long‑let retail and residential freehold with strong covenant and town centre exposure.
Prominent corner high-street location with return frontages to three streets
Secure 10-year lease to Cash Access UK Limited (D&B 4A1) from May 2025
Freehold sale including seven retail and thirteen residential units
Ground rent income £1,500 pa (reviewable) — check future review terms
Traditional stone facades and period character; well-presented banking hub fit-out
Medium flood risk — insurance and mitigation likely necessary
Very affluent town centre with excellent broadband and transport links
Offers invited in excess of £520,000; verify yields and service/maintenance liabilities
This freehold mixed-use corner building occupies a prominent trading position at the junction of Matlock Street (A6), Granby Road and Royal Oak Place in Bakewell, a popular Peak District market town. Ground-floor accommodation provides seven retail units with return frontages and high pedestrian exposure; the main retail hub is fitted to a high specification and is securely let to Cash Access UK Limited on a 10-year lease starting 22 May 2025 (D&B 4A1).
Upper floors comprise thirteen residential apartments, producing additional ground rent income together with the retail units. The property’s traditional stone facades, sash windows and slate roofs give period character and curb appeal in a very affluent, low-deprivation town-centre location with strong local amenities and excellent broadband and mobile signal.
Notable positives include the long-term tenant covenant, prominent corner frontages and freehold ownership. Key commercial income is underpinned by the bank-style hub fit-out and a reviewable ground rent stream of £1,500 per annum from the seven retail and thirteen residential units.
Material considerations: the site sits in a medium flood-risk area and is within an ageing rural neighbourhood profile; prospective buyers should factor flood mitigation and insurance costs. The ground rent is modest but described as reviewable and should be examined for future exposure. Offers are invited in excess of £520,000; purchasers should confirm total yields, verify the tenant covenant details, and inspect the property for maintenance or refurbishment needs despite generally good presentation.