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Commercial Property, Chesterfield, S41

276 Newbold Road, Chesterfield, S41 7AJ

The property comprises a high yielding retail/funeralcare investment occupying a prominent pitch. Arranged as a ground floor retail unit with associated upper parts and a yard to the rear, the property is fully let to Funeral Services Limited t/a Coop Funeralcare on a newly signed 10 year lease expiring 10.12.2034 and paying £18,000 per annum. The tenant is a long standing occupier, and whilst the lease was signed in September 2026 the lease commencement was back-dated to December 2024 which was the expiry of the previous lease. We consider this displays continued commitment to the location. We are unaware of the current use of the upper parts, but understand it may be used as residential accommodation. We consider the property may benefit from potential to convert these upper parts to residential uses if not (subject to the existing lease and any requisite consents). The property occupies a prominent pitch fronting Newbold Road at the junction with Highfield Lane and forms part of a local retail parade. The surrounding area is characterised by residential uses. High Yielding Retail Investment. Retail Unit and Upper Parts. Fully Let to Coop Funeralcare. New 10 Year Lease. Lease Expires 10.12.3034. Long-Standing Tenant of 10+ Years. Potential to Upper Parts (stc). Includes Rear Yard/Parking. Investment Let at £18,000 p.a. (10% GIY on Guide Price) .