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Lot 12 * £250,000

Auction: Thursday 18th September 2025

75 High Street, Alfreton, Derbyshire DE55 7DP

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Lot 12

Freehold Retail Investment – Gross Yield 11.6%
6 week completion

SITUATION

Located close to the junction with Limes Avenue and occupying a prominent trading position amongst such multiple retailers as Boots the Chemist, Costa, Superdrug, Scrivens, Domino’s, Post Office, William Hill, and Nationwide.
The market town of Alfreton is located in the Amber Valley, approximately 12 miles north-east of Derby and 20 miles south of Sheffield enjoying easy access to the A38 and A61 being approx. 4 miles west of the M1 (Junction 28).

PROPERTY

A mid terraced building comprising a Ground Floor Shop with Ancillary Accommodation on the first floor.

ACCOMMODATION¹

Ground Floor Shop
Gross Frontage 29'6"
Built Depth 80'6"
Area Approx. 2,136 sq ft
First Floor Ancillary
Area Approx. 1,179 sq ft
WC  
   
Total Area Approx. 3,215 sq ft

¹Not inspected by Barnett Ross. Areas taken from VOA.

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to Ashgate Hospicecare Shops Limited as a Charity Shop (with Ashgate Hospicecare as guarantor – T/O for Y/E 31.03.24 £14.4m, Pre-Tax Loss of £524,504 and Shareholders’ Funds £10.4m) (having 17 shops and 2 coffee shops – visit: ashgatehospice.org.uk) for a term of 10 years from 12th November 2024 (renewal of a previous lease – in occupation since 2015) at a current rent of £29,000 per annum exclusive.

Rent Review 2029

Tenant’s Break 2029, subject to the tenant paying a 2 month rent penalty to the Landlord.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.