Savills · 21 Oct 2026 · in 2 days
High Yielding Retail Investment
276 Newbold Road, Chesterfield, S41 7AJ · Yorkshire and the Humber
LiveRetailFreeholdLet
- Guide
- £180,000
- Rent a year
- £18,000
- Yield on the guide
- 10.0%
- Payback
- 10 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- D
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
D from the government EPC register, lodged 17 Jan 2023 (certificate 4730-3325-5705-4007-4386). Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Savills' record
Savills' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold retail lot in Chesterfield. Producing £18,000 a year, a 10.0% gross yield at the guide.
High Yielding Retail Investment Occupying a Prominent Pitch Retail Unit and Upper Parts Fully Let to Coop Funeralcare on a Newly Signed 10 Year Lease Expiring 10.12.2034 Investment Let at £18,000 per annum. 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). 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. Tenancy: The property is 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. The lease is on full repairing and insuring terms and includes tenant break options in the third and fifth years and a rent review in the fifth year. Tenure: Freehold
Figures come from Savills' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.