Summary - Flat 1, 13, Market Place, HEANOR DE75 7AA
1 bed 1 bath Flat
Town-centre mixed-use lot with long lease and rental income potential.
Large combined internal area circa 1,054 sq ft (residential + office)
A rare mixed-use lot in Heanor Market Place, offered at auction, presents clear income and reconfiguration potential. The property combines a large first-floor residential flat (two rooms, kitchen, bathroom, circa 84 sqm) with a second-floor office/workspace (circa 14 sqm), currently producing a combined rent of £6,900 per year. A new 999-year lease will be granted at completion with a peppercorn ground rent.
The location is a busy town-centre pitch close to mainstream retailers and multiple amenities, delivering reliable footfall for any commercial activity on the ground floor and ease of access for tenants. The building benefits from gas central heating and good mobile signal; broadband speeds are average. The substantial internal area (circa 1,054 sq ft) offers scope for refurbishment, reconfiguration or continued lettings as-is.
Buyers should note material considerations: the area records a high crime rate and the property is being sold by auction on 8th December 2025, so sale times and due diligence requirements are compressed. The mixed-use nature and town-centre position mean some trade-related noise and limited scenic outlook. Investors should factor in tenant terms and potential refurbishment costs when assessing yield and capital upside.
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