2 Victoria Sq 545 sq ft Retail Property Ashbourne DE6 1GG £265,000 (£486.24/sq ft) 8.28% Net Initial Yield

Freehold. Offers are invited at £265,000 (Two Hundred & Sixty Five Thousand Pounds), subject to contract and exclusive of VAT. a purchase at this level would reflect a net initial yield of 8.28% and low capital value of £117.00 per sq ft, after allowing for standard purchaser’s costs.
The property comprises an attractive Grade II Listed four storey (plus basement) brick built 18th Century building beneath a pitched tiled roof (partially re-roofed), benefiting from a prominent full height glazed retail frontage and attractive traditional timber framed multi-pane sash windows to the front elevation.
The property has been the subject of a comprehensive refurbishment to provide a split level ground floor sales area, finished to a high specification, including air conditioning. Both internal and independent access is provided to the upper parts, enabling the creation of a self-contained unit for alternative use, such as residential (STPP). The first and second floors are configured in a cellular arrangement providing a mixture of office and storage space together with staff welfare facilities. The basement is currently utilised as storage.