Investment Properties for sale in Derby

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 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Freehold Price: £424,950 Price Reduced
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Business Description

An opportunity to acquire this outstanding investment property situated on a modern shopping parade, within this well populated residential area of Derby. The investment returns over £35,000 per annum, comprising: A large bookmakers which is leased to Coral Bookmakers at £10,000 per annum off a 10 year lease with approximately 7 years left to run. Two workshops are leased to two separate companies on 12 month contracts – one tenant has been here for many years. One is let for £450 per calendar month and the other is let for £250 per calendar month. A block of eight garages – all fully let at £65 per calendar month for each unit. Two apartments – one is a three bedroom apartment, comprising lounge, dining kitchen, bathroom, three bedrooms, returning £500 per calendar month. The second apartment comprises lounge / fitted kitchen, bathroom, one double bedroom, returning £400 per calendar month. This is an outstanding, modern investment block which was significantly extended in 2002 with car parking to the front. EPC's available upon request.
Tenure: Freehold

Listed by: Ernest Wilson

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