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Reference M2870

Investment Property in Derby For Sale


Register to see map and to make an appointment Residential area, DERBYSHIRE DERBY

Price 424,950

Features

Freehold Investment Including Shop, 2 Flats, 2 Workshops Plus Garage Block

Forecourt area with parking for 4 cars

LARGE SHOP let to Corals the Bookmakers we understand on a 10 years lease from October, 2014 at a rental of 10,000 p.a. exclusive of rates up to October, 2018 with rent reviews thereafter.

Separate staircase to first floor:

Flat No. 1, at present let on a shorthold tenancy and providing a rental income of 500 per month. This flat is fully double glazed and has full gas fired central heating and comprises:

3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Large Fitted Kitchen

Flat No. 2 also situated on the first floor is also double glazed and has full gas fired central heating and is at present let on a shorthold tenancy and provides a rental income of 400 per month. This flat comprises:

1 Double Bedroom with en suite shower room with shower w.c. and wash hand basin
Large Lounge with fitted kitchen area

Ground Floor electric shutters to large rear yard. 1 small garage/workshop, let on a yearly agreement at 150 per calendar month.

In addition there is a large workshop let at 450 per month plus a second workshop let at 250 per month.

In addition there is a block of 8 garages, 5 of which are currently let on a yearly basis at a combined rental of 200 per month. There are 3 other garages which in our opinion have potential for additional rental income, if desired.

Tenure

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

OFFERS INVITED FOR THE VALUABLE FREEHOLD INVESTMENT in the region of 424,950 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 297,465 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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