Empty Shop plus Investment Property in Derby For Sale

Residential area DERBYSHIRE DERBY

Price £415,000

Features

Freehold Investment Premises Including Shop, Plus 2 Flats

Forecourt area with parking for 4 cars

LARGE SHOP currently let on 5 years lease from November, 2022 at a rent of £10,000 p.a. up to November, 2024, increasing at that time to £12,000 p.a.

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 £450 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 £175 per calendar month.

Tenure

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY £415,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 290,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote