Knifesmithgate, Chesterfield
£500,000 (Tenant Fees)
- Mixed use investment opportunity
- Town Centre Location
- Three commercial units and one residential
- Prime location
- Current rent passing of circa £65,706 per annum
- EPC Rating: C C B C E
- Freehold for Sale
- Auction date 30 July 2026
Guide Price £500,000+ plus fees
To be sold by Auction - Thursday 30 July 2026
A freehold investment opportunity comprising three commercial units along with a residential dwelling offered fully let, boasting a current rent passing of circa £65,706 per annum.
The accommodation comprises a three storey building with cellarage and having a mock Tudor frontage, mainly built of brick with a pitched roof to the main building and flat to the rear extension.
The property comprises to the ground floor a retail shop with substantial amount of storage space and vehicle delivery area at the rear, along with a separate restaurant accessed from the rear of the building. The upper floor accommodation is accessed via a staircase leading from Knifesmithgate to accommodation above comprising a Hair Salon and above this a residential apartment.
We are advised the current income consists of:
Restaurant with rent passing £24,752 per annum - commercial lease 25 years from 01.06.2028 - rent review every 5th year, effectively FR & I - rent review 2028
Nail Shop £24,154 per annum - commercial lease 15 years from 01.03.2019, rent review every 5th year, effectively FR & I - rent review 2029
Hair loft located on the first floor £10,800 per annum - Commercial lease 5 years from 01.07.2025 effectively FR & I - reversion 2030
Residential apartment on the third floor £6,000 per annum
Current £65,706 per annum total income.
Interested parties are advised to register and to inspect the legal pack for more information.
The property is located within a Conservation area.
Viewing is By Appointment Only!
LocationChesterfield is a large market town located 10 miles south of Sheffield and 27 miles north of Derby. The town has excellent road communications being located on the A61, at its junction with the A619 and the A617 which provides direct access to the M1 Motorway (Junction 29). Chesterfield Rail Station provides mainline and local rail services to destinations including Manchester, Birmingham and London St Pancras International.
The property is situated on the north side of Knifesmithgate, close to its junctions with Shepley's Yard and Elder Way Occupiers close by include Oxfam, Admiral, Vodaphone, Specsavers, Greggs and Card Factory amongst others.
TenureFreehold
OccupancySubject to a tenancy
Auction Deposit and FeesThe following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional InformationFor full details about our auction processes, please refer to the Bidder Terms which can be viewed on the home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
CostsAuction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional InformationFor full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve PriceEach property sold is subject to a Reserve Price.
The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
A full definition can be found within the Buyers Terms.
GeneralConservation Area
We have been made aware this property is in the Town Centre (Chesterfield) conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Note
Please be advised that the auctioneers/agents have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales ParticularsThese sales details are awaiting vendor approval
TermsAuction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
- Mixed use investment opportunity
- Town Centre Location
- Three commercial units and one residential
- Prime location
- Current rent passing of circa £65,706 per annum
- EPC Rating: C C B C E
- Freehold for Sale
- Auction date 30 July 2026
