Call Us: 0115 697 8888 Ilkeston, Derbyshire
£345,000.00 OIRO

London Road, Derby

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.

Details

Price : £345,000.00 OIRO
Property Type : Retail
Purpose : For Sale
Status : Available
Area : 1,646 Sq Ft
Street : 1291-1293 London Road
Town : Derby
Postcode : DE24 8QN
City : Derbyshire
Country : England

Features

Retail Investment Property
Property Let Until 2025
Nestled Amongst National Retailers

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