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21-23 Friar Gate
Derby DE1 1BX
Retail Property For Sale
Investment Highlights
- Opposite University College of Law & New Business.
- 8.5% Net Initial Yield after 5.75% purchaser costs.
- 7 resi units on AST's were producing £75,840 p.a. Gross.
- Tenants unaffected.
- Previously Let @ £124,540 p.a. (c£100,000 net).
- Pub on effective FRI lease to 2039 @ £47,500 p.a.
- 3 cluster rooms recently vacated, if not let vendor will underwrite rent 3x months.
Property Facts
Property Type
Retail
Property Subtype
Bar
Property Size
6,323 sq ft
Costar Property Class
B
Year Built
1902
Tenancy
Single
Number of Floors
1
Amenities
- 24 Hour Access
- Bus Route
- EPC - D
1 of 1
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