£345,000

Retail premises for sale

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Offers in region of

£345,000

(£209.60/sq. ft)

Retail premises for sale

London Lane, Derby DE24

1,646 sq. ft

Local area information

Property location

Nearby amenities

  • St John Fisher Catholic Voluntary Academy 0.3 miles
  • Wyndham Primary Academy 0.3 miles
  • Spondon 1.3 miles
  • Peartree 1.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Retail Investment Property
  • Property Let Until 2025
  • The property is nestled amongst national retailers
Location

Derby has extensive transport links to the north and south via main roads and train lines. East Midlands airport is only fifteen miles from the city centre.
Derby is a lively city with a vast array of shops, activities and nightlife to be enjoyed, receiving a vast number of tourists every year.
The property is nestled amongst several national regional retailers including Co-op, Iceland, Manor Pharmacy, Tesco Express and Card Factory.
Description

This excellent freehold opportunity lies just off the A6, under three miles from the city centre.
The current tenant is Valley cids (trading as Lighthouse), under a fifteen-year lease, commenced on 05 May 2010. The passing rent is £22,000 per annum with rent reviews every five years. The estimated rental value is £28,000.
There are two ground rents of £25 per annum each on 125-year leases dated 01 October 1988.
Accommodation

1,646 ft² 153 m²
The above floor areas are measured on an approximate gross internal basis.

Terms

Freehold purchase

Price

Offers in the region of £345,000

Business Rates

The property has a rateable value of £17,500 as of 2017.

Legal Costs

Each party is responsible for their own legal costs.
EPC


The property has an EPC rating of C 55.
The Energy Performance Certificate is available on request.

Viewings

Strictly by appointment.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Derbyshire
  4. Derby
  5. Alvaston
  6. London Road

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