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Wiltshire Rd 2,468 sq ft Retail Unit Offered at £350,000 in Derby DE21 6EZ
Investment Highlights
- The property is held on a long lease with 141 years left unexpired
- Investment opportunity to purchase the long leasehold
- Currently leased to Age UK
- Located off Wiltshire Road via a shared access
Executive Summary
This is an investment opportunity to purchase the long leasehold for units B & C of the former Blue Boy public house, currently occupied by Age UK Derby & Derbyshire. Internally, the property is configured to a good standard and comprises a trade counter serving area adjacent to the entrance, a main retail area of 'T' shaped orientation with adjacent ancillary storage accommodation, along with a service corridor, male/female toilets and a lower level storage room with ramped access to a pair of double doors leading to a small external loading area. Located off Wiltshire Road via a shared access, there is a substantial forecourt with demarcated parking spaces for upwards of 14 vehicles.
1 Unit Available
Unit B & C
| Unit Size | 2,468 sq ft | Tenure | Long Leasehold |
| Price | £350,000 | Net Initial Yield | 7.50% |
| Price Per sq ft | £141.82 | NOI | £26,250 |
| Unit Use | Retail | No. Parking Spaces | 14 |
| Sale Type | Investment |
| Unit Size | 2,468 sq ft |
| Price | £350,000 |
| Price Per sq ft | £141.82 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.50% |
| NOI | £26,250 |
| No. Parking Spaces | 14 |
Description
This is an investment opportunity to purchase the long leasehold for units B & C of the former Blue Boy public house, currently occupied by Age UK Derby & Derbyshire.
Sale Notes
The property is held on a long lease with 141 years left unexpired.
Available to purchase at £350,000. Currently leased to Age UK with an active IRI lease of 9 years commencing 25th March 2021.
+2 More
Interior
Interior
Interior
Interior
Interior
Interior
Interior
Property Facts
| Total Property Size | 6,794 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 3,642 sq ft |
| Property Subtype | Bar | Year Built | 1922 |
| Costar Property Class | B | Total Plot Size | 1.01 ac |
| Total Property Size | 6,794 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Bar |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 3,642 sq ft |
| Year Built | 1922 |
| Total Plot Size | 1.01 ac |
Amenities
- Storage Space
Nearby Major Retailers
Presented by
Wiltshire Rd
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