Investment For Sale, Derby
4 photos
£350,000 Freehold
1 Brunel Parkway, Derby, DE24 8HR
Type
Investment
Status
Under Offer
Size
2,059 sq ft
Key Features
- Freehold investment, let on a floor-by-floor basis.
- Ground Floor let to Uplands Retail with effect from1st May 2025 by way of a 5-year lease.
- First Floor let to Syntax with effect from 1st May 2025 by way of a 3-year lease.
- Break Date/Lease expiration 30th April 2028.
- Combined income of £25,000 per annum exclusive.
- Potential for rental growth.
- Net Initial Yield of 6.9% after purchaser's costs.
Property Details
The Property Comprises A Purpose Built Two-storey, End Of Terrace Office Building With Facing Brick Elevations Inclusive Of Powder Coated Aluminium Double Glazed Window Units And Entrance Doors, Surmounted By A Pitched Tile Roof.
Internally, The Property Is Occupied On A Floor-by-floor Basis, With Each Floor Having Self Contained Welfare Facilities And Separately Metered Utility Supplies.
The Ground Floor Is Occupied By Uplands Retail And Is Configured To Provide A Large Open Plan Office Area With A Separate Meeting Room, Kitchenette/break Out Area And Store. This Office Benefits From Painted Plaster Walls And Glazed Partitioning, Suspended Ceilings With Inset Lighting, Comfort Cooling/heating, Carpet Floor Tiles And Raised Floors With It Boxes.
The First Floor Is Occupied By Syntax Consulting And Consists Of An Open Plan Office Which Is Of Regular Configuration Together With Two Cellular Rooms, Formed With Lightweight Glazed Partitions Utilised As Both Meeting And Tea Making Space. Like The Ground Floor, The Offices At This Level Are Finished To A Comparable Specification.
Externally The Property Has Eight Parking Spaces, Which Are Allocated To The Existing Tenants.
Internally, The Property Is Occupied On A Floor-by-floor Basis, With Each Floor Having Self Contained Welfare Facilities And Separately Metered Utility Supplies.
The Ground Floor Is Occupied By Uplands Retail And Is Configured To Provide A Large Open Plan Office Area With A Separate Meeting Room, Kitchenette/break Out Area And Store. This Office Benefits From Painted Plaster Walls And Glazed Partitioning, Suspended Ceilings With Inset Lighting, Comfort Cooling/heating, Carpet Floor Tiles And Raised Floors With It Boxes.
The First Floor Is Occupied By Syntax Consulting And Consists Of An Open Plan Office Which Is Of Regular Configuration Together With Two Cellular Rooms, Formed With Lightweight Glazed Partitions Utilised As Both Meeting And Tea Making Space. Like The Ground Floor, The Offices At This Level Are Finished To A Comparable Specification.
Externally The Property Has Eight Parking Spaces, Which Are Allocated To The Existing Tenants.
Location
Salloway Property Consultants Ltd
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Investment For Sale, Derby
£350,000 Freehold
1 Brunel Parkway, Derby, DE24 8HR
Property ID: 142482
Salloway Property Consultants Ltd
View all properties
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Salloway Property Consultants Ltd