Summary - 22, CAVENDISH STREET S40 1UY
1 bed 1 bath Commercial Property
Short-let convenience store with basement storage and immediate income.
- Ground-floor retail with basement storage (c.55.79 sqm + 23.60 sqm)
- Current rent £1,000 pcm (£12,250 pa) from a 3-year lease
- Approximately 2½ years unexpired on the tenant's lease
- Leasehold: 125 years from 6 Jan 2017
- EPC rating D; heating via electric room heaters
- Secondary glazing; solid brick construction
- Located in town centre near Knifesmithgate and Hollywell Street
- Very high local crime rate; investigate security and insurance
Set in Chesterfield town centre, this ground-floor retail unit is offered with a short commercial lease and immediate rental income. The property currently produces £12,250 per annum from a convenience store, with approximately 55.79 sqm on the ground floor and 23.60 sqm of basement storage. Tenure is leasehold (125 years from 6 January 2017) and the lease has about 2½ years unexpired.
This lot is sold at public online auction on 25–26 November 2025. Bidding conditions, the buyer's premium and additional fees apply — examine the legal pack and any addenda before bidding. The EPC rating is D; heating is by electric room heaters and windows have secondary glazing, which should inform running-cost expectations.
The site benefits from a central location close to Knifesmithgate and Hollywell Street, nearby retail and transport amenities, and excellent mobile and fast broadband connectivity. Key strengths are the existing income stream, town-centre position and basement storage, making it suitable for an investor or buyer seeking a short-term let with potential to regear at lease expiry.
Important considerations: the asset sits in a very-high crime area, is leasehold, and has limited remaining lease term on the current tenancy. Prospective purchasers should carry out full due diligence, review the legal documents, and budget for potential works or reconfiguration when the tenancy ends.
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