Summary - 9 FLAT 2 HAYFIELD CLOSE BELPER DE56 1FA
1 bed 1 bath Commercial Property
Income-producing retail parade in Belper with 8.36% gross initial yield..
Freehold retail parade with three shops and two sold-off flats above
A freehold retail parade with three ground-floor shops and two flats above, offering a clear income profile and scope for steady returns. The parade produces current rental income of £27,170 p.a. (vendor to top up to reflect £11,750 p.a. on Shop 11 at completion) and a Gross Initial Yield of 8.36%, making this attractive to income-focused investors seeking a town-centre fringe holding in a very affluent area.
The layout comprises three commercial units (Shop 9: 499 sq ft; Shop 10: 499 sq ft; Shop 11: 1,029 sq ft double-fronted) arranged in a mid-20th century brick block with moderate front parking and street presence. Both remaining shops are let on full repairing and insuring leases; Shop 9 has been occupied long-term (tenant since 1999) with a rent review due March 2026, while Shop 10 and Shop 11 have more recent lease start dates. Flats above have been sold on long leases and produce small ground rents (£10 each).
Practical positives include freehold tenure, no VAT liability, low local crime, excellent mobile signal and fast broadband, and close proximity (within 1 mile) to Belper town centre and local amenities. The property sits in a predominantly residential neighbourhood adjacent to schools and local services, supporting retail demand for convenience-led occupiers.
Notable considerations: the building is a mid-20th century block with indications of a standard roof and utilitarian finishes — the roof and external fabric may require inspection and ongoing maintenance. Parking is moderate rather than dedicated private car park. Some leases are mid-term and rent review/timing should be checked; one tenant’s historic break was not exercised. Ground rents on the sold flats are nominal. Prospective buyers should verify service and maintenance responsibilities and confirm tenant covenant strength and rent review outcomes before exchange.
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