Summary - 29B MARKET PLACE HEANOR DE75 7EG
1 bed 1 bath Commercial Property
**Standout Features:**
- Ground floor hot food takeaway unit (77.89 sq.m / 838 sq.ft) with current rental income of £16,000 per annum.
- First and second floor residential accommodation; potential for additional usage.
- Prime location on Heanor's bustling Market Place with excellent foot traffic.
- Attractive Net Initial Yield of 8.73%.
- Freehold tenure; no VAT payable on the purchase.
**Summary:**
This mid-terraced property offers an exceptional investment opportunity in the heart of Heanor’s Market Place. Featuring a vibrant hot food takeaway at ground level with modern upgrades, the space is well-suited for immediate operation or could be easily transformed to suit different culinary ventures. Above, the first floor provides room for a larger living area, while the second floor offers two additional bedrooms, appealing to potential tenants or for owner-occupancy.
The property's Victorian charm mixed with contemporary retail space provides a rare opportunity to benefit from a lively community atmosphere while ensuring a steady rental yield. While the residential upper floors may require some renovation to unlock their full potential, this is offset by the existing yield and the promise of increased rental income. Situated in a diverse neighborhood with various amenities and noted schools, this property combines commercial viability with future residential possibilities, making it an attractive prospect for investors and first-time buyers alike. Act quickly—properties in this lively location are in high demand!
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