Summary - 121, BATH STREET DE7 8AP
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime corner location in an established retail area
- Ground floor retail unit (113.88 sq.m./1,226 sq.ft.) currently generating £23,100 p.a.x., set to increase
- Two separately accessed, well-appointed two-bedroom flats above
- Off-street parking available (3 spaces in total)
- New 5-year lease for the commercial premises, expiring June 2030
**Potential Concerns:**
- Only 6 years left on the lease, which may affect mortgage lending
- Surrounding area marked by high crime rates and social deprivation
This thriving mixed-use property at 121 Bath Street, Ilkeston offers an exceptional investment opportunity situated in a bustling urban environment. The ground floor currently houses a successful tanning shop, benefiting from high visibility and foot traffic. Above, two modern, self-contained two-bedroom flats provide additional rental income and have the potential for attractive living spaces or further rental opportunities. The property features off-street parking, enhancing its appeal for both commercial and residential tenants.
While the lease term may raise some concerns for potential mortgage lenders, the steadily increasing rental income presents a compelling case for investors. With the market showing promising growth and the flexibility for future renovations, this property is a unique chance to secure a valuable commercial asset in a vibrant community. Don’t miss out on the potential to increase your investment's value in a sought-after location!
Commercial property for sale in 28/28a Sadler Gate, Derby, Derbyshire, DE1 — £250,000 • 1 bed • 1 bath • 1198 ft²
Light industrial facility for sale in Manor Road, Ilkeston, DE7 8EG, DE7 — £250,000 • 1 bed • 1 bath • 1110 ft²
High street retail property for sale in 42 King Street, Belper, Derbyshire, DE56 1PL, DE56 — £200,000 • 1 bed • 1 bath • 775 ft²
14 bedroom mixed use property for sale in 96-98 Derby Road, Nottingham, Nottinghamshire, NG1 — POA • 14 bed • 1 bath • 15669 ft²
3 bedroom mixed use property for sale in Main Street, Long Eaton, NG10 — £325,000 • 3 bed • 1 bath • 1411 ft²
High street retail property for sale in 15 & 15a High Street, Ripley, DE5 3AA, DE5 — £155,000 • 1 bed • 1 bath • 1206 ft²
