Summary - 18 KING STREET ASHBOURNE DE6 1EA
1 bed 1 bath Office
Secure income now with approved conversion potential to four apartments.
Freehold three-storey commercial building with forecourt parking
A substantial three-storey freehold building in Ashbourne town centre, securely let to established jewellers C W Sellors on a new 10-year full repairing and insuring lease. The tenant is a well-known national covenant, paying £38,500 per annum, and the property includes forecourt parking, landscaped frontage and rear loading yard — useful income-generation features for an investor.
The sale offers clear redevelopment upside: a pre-planning application has been approved for conversion to four apartments (Ref 25/0005/PREAPP), giving flexibility for future owner-occupation or a residential scheme. Built in the 1950s and extended in the late 1980s, the building already provides large open-plan and cellular accommodation, workshop and staff facilities which reduce immediate capital expenditure for an investor seeking rental income.
Buyers should note the tenant’s break option at year five, which introduces re-letting or redevelopment timing risk. Conversion to apartments will require implementing the approved plans and associated works; the building’s age and past extensions mean some refurbishment or services upgrades are likely. Offers are invited at £450,000 for the freehold; the existing rent produces an approximate current gross yield of 8.6%.
Well located just north of Ashbourne Market Place, the property benefits from strong town centre footfall, good road links to the A50 and local amenities. This is a pragmatic purchase for income-focused investors or developers seeking immediate cashflow with tangible residential conversion potential.
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