Retail/Shop for sale Derby DE1 1BX,9029sq ft

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Retail/Shop

Retail/Shop For Sale Derby

PROPERTY ID: 137940

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

9,029 sq.ft

Key Features

10% Gross Yield after purchasers costs

8% Net Initial Yield after 5.75% purchaser costs

Fully Let @ £123,220 p.a. (c£100,000 net)

Pub on effective FRI lease to 2039 @ £47,500 p.a.

7 resi units on AST's producing £75,840 p.a. Gross

Superbly positioned highly prominent building

Property Details

Description Highly Prominent Mixed Use Investment. Producing £123,220 P.a. (c£100,000 After Costs). Popular Irish Pub With Live Music Tenanted To 2038 With Fixed Increase To £55,000 P.a. In 2029 And A Further Index Linked Review In 2034. + 7 Residential Lets Fully Refurbished In 2021. Comprising 2x Apartments, 4 X Studios & A 4-bed Hmo. Tenanted Furnished On Standard Ast's. Ideal Location For Air Bnb. There Are Two Entrances To The Residential; One Off Ford Street To 5 Flats, And One Off Friar Gate To 2 Flats, Limiting Common Areas For Reduced Maintenance Costs. Viewing Please Contact Us Or Visit The Omeeto Website For Full Details And A Virtual Tour. Physical Viewings With Proceedable Parties Can Be Arranged On Request By Contacting Our Commercial Property Agents. Omeeto Do Not Take Any Responsibility For Any Loss Or Injury Caused Whilst Carrying Out A Site Visit. Vat All Figures Are Quoted Exclusive Of Vat. We Are Advised The Pub (the Commercial Element) Is Registered For Vat. Vat Will Be Applicable At The Prevailing Rate, However Subject To The Qualifying Criteria Being Met The Parties May Treat The Purchase Togc. Epc Pub D(95), Flat A C(71), Flat B C(70), Flat C D(56), Flat D E(54), The Cluster E(41), Apt 1 And Apt 2 C(72).

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About the Agent

Omeeto Ltd

See Agent's Other Properties

Retail Unit

£1,175,000 Freehold

21-23 Friar Gate, Derby, DE1 1BX

Retail/Shop - Available
9,029 sq ft
839 sqm

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