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£220,000
Derby, This is an opportunity to purchase a fully Let Retail
Price:
£220,000 Get Prequalified Today
Contact:
01162 731200
Location:
Derby, Derbys
Description:
This is an opportunity to purchase a fully Let Retail Investment situated close to the city centre. The premises are fully let on long leases providing combined rental income of 16,400 P.A. Located within the established 'lanes' retail area of Derby City Centre. The property comprises a ground floor retail unit with an additional store room/Kitchenette to the rear of the premises and an extensive basement store room. The property has the benefit of a large single-glazed display window, carpet floor covering and a variety of ceiling display lights. The first and second floor accommodation is accessed via an independent stairwell to the side of the retail unit. The premises are well maintained and decorated, featuring laminate flooring and contemporary internal fit-out. The first and second floor hairdressing salon premises have an independent gas supply and heating, together with independent toilet facilities serving each demised area.
ACCOMODATION
The premises comprise:
Ground Floor Retail
Retail Area: 88.6m2 / 953ft2
Retail ITZA: 56.7m2/ 610ft2
Kitchen: 4.8m2 / 52ft2
Plus Basement Storage
First & Second Floor
Hairdressing salon & Premises 128.7m2 / 1384ft2
RATES
The ground floor shop and premises have a Rateable Value of 9,100 and that the first and second floor accommodation has a rateable value of 6,200.
TENANCY
The first and second floor hairdressing salon premises are let by way of a business tenancy which commenced on 7th February 2004 for a term certain of 18 years. The rent passing is 6,800 per annum exclusive, subject to a rent review on 4th February 2010 which has not yet been exercised. Ground floor shop just being let on new 5 years lease with 3 years rent review from 1st Oct 2011 at the rental income of 9,600 P.A.
TENURE
The whole of the property is offered by way of freehold interest, subject to the terms of the business tenancy outlined above.
SERVICES
It is understood that all main services are connected to the property.
VAT
We are verbally advised that VAT is not payable in respect of this transaction.
VIEWING
STRICTLY BY APPOINTMENT THROUGH LEO PROPERTIES (LEICESTER) Ltd.
This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Property Type:
Retail Property for Sale
Sq feet:
1,384 sq. ft.
Amenities:
Storage
For sale by:
Agent/Broker
Phone:
01162 731200
Posted:
Contact:
01162 731200
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Let me know if you have any questions. – Leo Properties
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More About this Listing: Derby, This is an opportunity to purchase a fully Let Retail
Derby, This is an opportunity to purchase a fully Let Retail is a Retail Property for Sales for Sale in Derby DBY. Find other listings like Derby, This is an opportunity to purchase a fully Let Retail by searching Oodle Marketplace for Retail Property for Sales for Sale in Derby DBY.
Derby, This is an opportunity to purchase a fully Let Retail is a Retail Property for Sales for Sale in Derby DBY. Find other listings like Derby, This is an opportunity to purchase a fully Let Retail by searching Oodle Marketplace for Retail Property for Sales for Sale in Derby DBY.