Summary - 66a, Market Street, New Mills SK22 4AA
1 bed 1 bath Commercial Property
High-street shop with 1-bed flat, long lease and £15,000 pa income — loft potential.
- Ground-floor shop plus one-bedroom duplex flat above
An attractive mixed-use investment in the heart of New Mills: a Victorian stone-fronted ground-floor shop with a spacious one-bedroom duplex flat above. The property is offered leasehold with a very long lease remaining (c.802 years) and currently produces £15,000 per year from long-term commercial and residential tenants. Double glazing and recent refurbishments minimise immediate spend, while a private rear decked garden and handy town-centre frontage add clear rental and occupational appeal.
For an investor this is a straightforward, low-complexity asset: established income, excellent pedestrian visibility on Market Street, and potential to add value — subject to planning — via a loft conversion. The flat is in good decorative order with an integrated kitchen and modern shower room; the shop provides showroom, store and basic staff facilities. The building’s solid sandstone construction and mid-terrace form suit continued retail use or alternative mixed-use strategies.
Notable constraints are factual: heating is by electric room heaters (no gas central heating), energy rating is D, and the property is leasehold. The current income and condition reflect modest rental levels, so further refurbishment or change of use would be needed to materially increase yield. Business occupancy and the presence of long-term tenants mean limited vacant possession in the short term — suitable for a buy-and-hold investor or an owner-operator comfortable with existing tenancies.
Overall, this is a compact, well-located high-street investment with clear short-term cashflow, medium-term improvement potential (loft conversion subject to permission) and straightforward maintenance implications typical of period town-centre premises.
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