Summary - Chapel Street, Alfreton, Derbyshire DE55 7BJ
10 bed 5 bath Business Park
Fully let mixed-use asset with long-standing tenants and a 9% yield.
Fully let mixed-use freehold generating £65,796 pa
A fully let, freehold mixed-use property in central Alfreton, producing a strong 9% net yield from annual rental income of £65,796. The block comprises five ground-floor retail units and five self-contained two-bedroom flats, all individually metered and holding valid EPCs. Tenants are long-standing and responsible for their own utilities, simplifying management.
The site benefits from a prominent town-centre position adjacent to a busy public car park and library, with steady pedestrian flow between High Street, Chapel Street and Severn Square. There are ten dedicated off-street parking spaces and mains services to every unit. Broadband speeds are average while mobile signal is excellent.
Material considerations: the area is classified as deprived with relatively high local crime levels, and the retail units show signs of age and will need ongoing maintenance or refurbishment to maximise rental growth. The overall internal area recorded is limited (730 sq ft noted), so buyers should confirm measured areas and both income and floorplans during due diligence.
This is a pragmatic buy-to-let opportunity for investors seeking an immediately income-producing, low-management freehold in a busy local retail pitch. Allowance for repair and upgrading could enhance rental value and long-term capital growth in a well-served town centre location.
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