Investment for sale Derby DE22 3AA,2521sq ft

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Investment

Investment For Sale Derby

PROPERTY ID: 129042

PROPERTY TYPE

Investment

STATUS

Under Offer

SIZE

2,521 sq.ft

Key Features

Freehold investment opportunity consisting of two retail units generating £20,000 per annum exclusive.

Highly visible city-gateway location.

High-density residential area including a large student population.

Net Initial Yield of 7.78%

No VAT payable.

Property Details

The Premises Comprise A Three-storey Brick And Slate Period Building With Display Windows To The Ground Floor And Timber Framed Windows To The Upper Elevations. Internally, The Building Provides Two Retail Units Set Over Ground, First And Second Floors And Are Provided As Follows: 6 Ashbourne Road, Provides A Ground Floor Retail Unit Which Is Currently Being Utilised As A Café. The Space Is Configured To Provide A Counter Serving Area To The Front Of The Property With An Adjacent L-shaped Dining Area With Space For Approximately 20 Dining Chairs. At The Rear Of The Property There Is A Large Kitchen, Together With Access To A Pair Of External Stores. The Stores Are Capable Of Being Accessed Either Via The Café Or Independently Via The Entry Off Ashbourne Road. 8 Ashbourne Road, Comprises A Small Ground Floor Reception Area With The Majority Of The Space Being Provided At First And Second Floor Levels In A Series Of Cellular Rooms, Accessible Via A Set Of Narrow Stairs And Corridors. Externally, The Property Benefits From A Small Yard To The Rear Which Can Be Accessed From Within 6 Ashbourne Road Or Independently Via The Entry Leading Off Ashbourne Road.

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About the Agent

Salloway Property Consultants Ltd

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Investment Unit

£250,000 Freehold

6 - 8 Ashbourne Road, Derby, DE22 3AA

Investment - Under Offer
2,521 sq ft
234 sqm

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