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870 Osmaston Rd 7,238 sq ft 100% Let Retail Property Derby DE24 9AB £225,000 (£31.09/sq ft)
INVESTMENT HIGHLIGHTS
- Ground floor retail unit
- Concrete courtyard
- Residential flat on first floor
EXECUTIVE SUMMARY
The property is available to purchase for £225,000 freehold subject to the existing tenancy. The ground floor is let to a Funeral Directors on a 6-year Full Repairing and Insuring lease from 20th November 2020, at £15,000 per annum exclusive, with no break clauses and a back-dated upwards-only rent review at the 3rd anniversary. The tenant is responsible for maintaining the external windows, doors and shop frontage of the demise they occupy, along with a 50% contribution to any roof repairs to the external two-storey section of the property. The first-floor flat is currently vacant, however has the potential to be let at £650 pcm.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
7,238 sq ft
Costar Property Class
C
Year Built
1990
Price
£225,000
Price per sq ft
£31.09
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
3.32
Total Plot Size
0.05 ac
Frontage
50 ft on Osmaston Road
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Storage Space
- Smoke Detector
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870 Osmaston Rd
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