Summary - 28, GLUMANGATE S40 1TX
1 bed 1 bath Commercial Property
Town-centre asset with rental income and refurbishment potential.
Three-storey freehold building in central Chesterfield location
A substantial three-storey freehold building in Chesterfield's legal and property quarter, offered for sale by online auction. The ground floor includes a vacant retail unit (21.30 sqm) and the upper parts provide office accommodation; part of the building is currently producing a low rent of £5,500pa with the tenant holding over since a 2001 lease. Its central town location benefits from nearby public car parks, extensive local amenities and excellent mobile signal.
The building dates from circa 1900–1929 and retains Victorian character such as brickwork and bay windows with high ceilings. Construction is solid brick with no assumed cavity insulation; heating is electric storage heaters and the EPC rating is E. These factors point to running-cost and retrofit considerations for a new owner but also to clear refurbishment and value-add potential for conversion or improved lettings.
Important legal and sale conditions: this property will be sold at public online auction and is subject to the auctioneer’s legal pack, buyer’s premium and additional fees. There is a public notice/repossession present; bidders must conduct their own due diligence and consult any addendums prior to bidding.
Suitable for investors or developers seeking a town-centre asset with immediate rental income and refurbishment upside. Note the town’s recorded very high local crime level — factor in security and insurance costs when assessing yields and conversion plans.
High street retail property for sale in 8 Packers Row, Chesterfield, Derbyshire, S40 1RB, S40 — £80,000 • 1 bed • 1 bath • 970 ft²
High street retail property for sale in St. Marys Gate, Chesterfield, Derbyshire, S41 — £425,000 • 1 bed • 1 bath • 1800 ft²
High street retail property for sale in 1-5 Burlington Street, Chesterfield, Derbyshire, S40 1RS, S40 — £175,000 • 1 bed • 1 bath • 1957 ft²
4 bedroom apartment for sale in West Bars, Chesterfiled, S40 — £525,000 • 4 bed • 2 bath • 3162 ft²
High street retail property for sale in 37-39 Rose Hill & 1 and 3 Soresby Street, Chesterfield, S40 1TT, S40 — £650,000 • 1 bed • 1 bath • 13389 ft²
Office for sale in Copeman House, St. Marys Court, St. Marys Gate, Chesterfield, Derbyshire, S41 7TD, S41 — £525,000 • 1 bed • 1 bath • 5954 ft²
