Flat for sale in Crown Square, Matlock DE4

Standing within Crown Square, the towns prime trading location which enjoys the benefit of a broad paved frontage and outlook across the delightful Hall Leys Park, this elegant Victorian mixed-use property presents a rare opportunity for those seeking a quality home and retail opportunity. Owner occupied over recent years, the premises are offered with vacant possession following relocation of the family business.

The property has seen extensive improvements and refurbishment through recent years which include an overhaul of the roof, windows and utility services. The internal accommodation provides high calibre living space, all superbly presented and spread across the first and second floors where there are two reception rooms, three double bedrooms, two bathrooms and a well equipped kitchen all set around spacious landings. It is believed there is scope to convert to two smaller residential flats, subject to the necessary planning consents, which may attract a higher investment yield, and the flat has a separate private entrance from the side of the building. Originally built around the arc of the road with the River Derwent behind, the property holds an interesting shape which adds to the character, broad at the front and tapering at the rear. The retail premises boast a broad and prominent frontage and include storage and ground floor WC plus the added benefit of cellars which provide useful storage. An estimated rental yield for the shop is £12,000 to £14,000 per annum.

For those with investment in mind there is opportunity for income generation and perhaps further potential and space to reconfigure and create two apartments, to maximise yield, subject to the necessary planning consents.

As a family home, the location is particularly convenient for all the town has to offer. Matlock grew as a busy market town and Victorian spa resort and still boasts thriving tourist trade and growing local community. Largely considered as a gateway to the Peak District, the delights of the surrounding Derbyshire Dales countryside are readily accessible.

Accommodation

Ground Floor Retail
Enjoying a prominent and broad glazed frontage, the retail space is currently split to provide a preparation area counter, which could easily accommodate a more open plan environment and suitable for a number of purposes. A traditional panelled door opens to a rear hall, which retains the Minton tiled floor and which proceeds around to an external gennel access at the side of the property. There is also access to the living accommodation at first and second floor levels. Behind the retail space there is also access to a useful storerooms, workshop and a WC.

Cellars – accessed from the side and, again, offering useful storage set across three rooms. Ongoing flood defence works are planned to make the cellar watertight – further information available on request.

First Floor Residential Accommodation
Stairs rise to a broad landing with doors off to…

Sitting room – 6.53m x 5.15m (21’ 5” x 16’ 11”) average, featuring a shallow bay window with window seat and a second window each looking across Crown Square and towards Hall Leys Park beyond. As throughout the apartment, there is an excellent standard of finish with attention to detail noted all through. There are decorated mouldings and ceiling rose and to the chimney breast an exposed stone and brick fireplace which sites a multi-fuel cast iron stove.

Living room – 4.98m x 3.95m (16’ 4” x 12’ 11”) average, the room gradually tapering to one end and including the front facing window looking across the town centre. There is a corniced ceiling, combination ceiling and wall light points, together with a gas fired stove set within an elegant carved alabaster fireplace.

Breakfast kitchen – 4.01m x 3.01m (13’ 2” x 9’ 11”) fitted with a modern range of cupboards and drawers in contrasting shades, which are complemented by white marble work surfaces and a raised glass countertop for display or breakfasting. Integral appliances are included, and the room is finished with a tiled floor, contemporary lighting and rear facing window.

Shower room – 2.81m x 2.42m (9’ 3” x 7’ 11”) stylishly finished to include a tiled shower cubicle with a glazed screen and mixer shower fitting, vanity wash hand basin with drawers beneath and a fitted low flush WC. Gloss chromed towel radiator.

Second Floor Residential Accommodation
Stairs wind from first to second floors, again with a spacious landing off which there is access to three bedrooms.

Bedroom 1 – 5.40m x 5.15m (17’ 8” x 16’ 11”) average, a generous double bedroom with built-in wardrobe to one corner and front aspect bay window facing the park and Riber Castle.

Bedroom 2 – 5.14m x 4.30m (16’ 10” x 14’ 1”) average, a second double bedroom with window facing the front towards the park and Riber Castle beyond, and with the benefit of a solar tube allowing additional light in.

Bedroom 3 – 4.98m x 3.95m (16’ 4” x 12’ 11”) average, a third double bedroom, brightly decorated, again with the benefit of a solar tube, which complements the light from a rear facing dormer window.

Shower room – 2.63m x 2.17m (8’ 7” x 7’ 1”) with contemporary ceramic brick tiling and white suite to include low flush WC, vanity wash hand basin with cupboards beneath and a corner shower cubicle. Velux roof light and tiled floor.

Outside

Rear yard area.

Tenure

Freehold, offered with vacant possession.

Services

All mains services are available to the property, which enjoys the benefit of gas fired central heating and uPVC triple glazing. No specific test has been made on the services or their distribution.

Fixtures & fittings

Only the fixtures and fittings mentioned in these sales particulars are included in the sale. Certain other items may be taken at valuation if required. No specific test has been made on any appliance either included or available by negotiation.

Business rates & council tax

The Valuation Office lists the retail element of the building as Shop and Premises with a Rateable Value of £9,200, as at 1st April 2023.

The residential part of the building is assessed for Council Tax under Band B.

Energy performance certificate (EPCs)
Full EPCs are available on request.

Residential element - Current 66D / Potential 80C
Commercial element - Rating 71C

Money laundering

In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.

Directions

The property is located off Crown Square in Matlock, on the right hand side, immediately before the bridge.

Viewing

Strictly by prior arrangement with the Matlock office .

Ref: FTM10355