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£199,950
1 bed Commercial Property
1 / 5
Price:
£199,950 Get Prequalified Today
Contact:
01159 461818
BR/BA:
1 BR
Location:
Ilkeston, Derbys
Description:
An opportunity has arisen to purchase an investment property prominently positioned on the corner of Granby Street and Heanor Road peripheral to the town centre of Ilkeston.
The ground floor accommodation is occupied by Hamilton's Clothing and Design Ltd let for a period of 10 years at a rent of 9,600 p.a. The first floor space has been occupied by Brandan Donoghue trading as Ellis's Carvery who has recently refurbished the accommodation for the purpose of a restaurant. A reduced rent was therefore agreed at 500 p.c.m. between the commencement of the term 1 April 2010 through to the first June 2011. The term of the lease of the agreement is for 3 years, the rent through to 1 June 2011 agreed at 500 p.c.m. increasing to 800 p.c.m. thereafter.
The proposed asking price of 210,000 reflects a gross yield of 9.14 at rent payable.
Free parking is available adjacent to the property.
DETAILS
An opportunity has arisen to purchase an investment property prominently positioned on the corner of Granby Street and Heanor Road peripheral to the town centre of Ilkeston.
The ground floor accommodation is occupied by Hamilton's Clothing and Design Ltd to be let for a period of 10 years at a rent of 9,600 p.a. The first floor space has been occupied by Brandan Donoghue trading as Ellis's Carvery who has recently refurbished the accommodation for the purpose of a restaurant. A reduced rent was therefore agreed at 500 p.c.m. between the commencement of the term 1 April 2010 through to the first June 2011. The term of the lease of the agreement is for 3 years, the rent through to 1 June 2011 agreed at 500 p.c.m. increasing to 800 p.c.m. thereafter.
The proposed asking price of 199,950 reflects a gross yield of 9.6 at rent payable.
Free parking is available adjacent to the property.
Ground Floor Retail Unit:
6.6m (21ft 8in) x 6.1m (20ft 0in) approx]
Changing Room:
[2.2m (7ft 3in) x 1.1m (3ft 7in) approx]
Changing Room 2:
[2.1m (6ft 11in) x 1.1m (3ft 7in) approx]
Store/Work Area:
[6.8m (22ft 4in) x 4.8m (15ft 9in) approx]
Kitchen:
[2.1m (6ft 11in) x 1.4m (4ft 7in) approx]
Rear Store/Work Area:
[5.5m (18ft 1in) x 5m (16ft 5in) approx]
w.c:
[3.1m (10ft 2in) x 1m (3ft 3in) approx]
First Floor Restaurant:
Stairwell accessible from Heanor Road.
Bar Area:
[5.4m (17ft 9in) x 4.9m (16ft 1in) plus 3.1m (10ft 2in) x 1m (3ft 3in) approx]
Gents w.c.:
[2.2m (7ft 3in) x 1m (3ft 3in) approx]
Ladies w.c.:
[2.4m (7ft 10in) x 1.1m (3ft 7in) approx]
Restaurant Seating Area:
[6.7m (22ft 0in) x 6m (19ft 8in) approx]
FF Kitchen:
[5.5m (18ft 1in) x 3.9m (12ft 10in) approx]
FF Store:
[2.8m (9ft 2in) x 1.4m (4ft 7in) approx]
Store
Services:
All mains services are connected to the building. Traditional gas fired central heating provides space heating to the first floor accommodation and portable electric heaters to the ground floor retail unit.
Business Rates:
Ground floor Rateable Value 3,800
First floor Rateable Value 4,000
Property Type:
Commercial & Office Space for Sale
For sale by:
Agent/Broker
Phone:
01159 461818
Posted:
Contact:
01159 461818
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Let me know if you have any questions. – Robert Ellis
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More About this Listing: 1 bed Commercial Property
1 bed Commercial Property is a One Bedroom Commercial Property for Sale in Ilkeston DBY. Find other listings like 1 bed Commercial Property by searching Oodle Marketplace for One Bedroom Commercial Property for Sale in Ilkeston DBY.
1 bed Commercial Property is a One Bedroom Commercial Property for Sale in Ilkeston DBY. Find other listings like 1 bed Commercial Property by searching Oodle Marketplace for One Bedroom Commercial Property for Sale in Ilkeston DBY.