Investment Properties for sale in Derbyshire

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Imran Ahmed (Nov 2014)
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Freehold Price: £450,000
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Business Description
Forecourt area with parking for 4 cars

LARGE SHOP let to Corals the Bookmakers we understand on a 10 years lease from October, 2014 at a rental of £10,000 p.a. exclusive of rates for the first 3 years, with rent reviews thereafter.

Separate staircase to first floor:

Flat No. 1, at present let on a shorthold tenancy and providing a rental income of £480 per month. This flat is fully double glazed and has full gas fired central heating and comprises:

3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Large Fitted Kitchen

Flat No. 2 also situated on the first floor is also double glazed and has full gas fired central heating and is at present let on a shorthold tenancy and provides a rental income of £380 per month. This flat comprises:

1 Double Bedroom with en suite shower room with shower w.c. and wash hand basin
Large Lounge with fitted kitchen area

Ground Floor electric shutters to large rear yard. 1 small garage/workshop, let on a yearly agreement at £150 per calendar month.

(In addition there is a large workshop comprising 4 garages. Also let on a (year agreement and providing a rental income of £260 per calendar month.
(In addition there is a block of 8 garages, 5 of which are currently let on a yearly basis at a combined rental of £700 per month. These combined are let on a 3 yearly lease and provide a rental income of £700 per calender month.

As will be appreciated the combined rental income at the present time is in the region of £27,000 p.a..

OFFERS INVITED FOR THE VALUABLE FREEHOLD INVESTMENT in the region of £450,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Tenure: Freehold

Number of bedrooms: 4

Location Details: Residential area, DERBYSHIRE

Listed by: Nationwide Businesses Ltd
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M2870
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