Freehold Investment Property in Derby For Sale

Residential area DERBYSHIRE DERBY

Price £380,000

Features

Freehold Investment

SPACIOUS RETAIL SHOP in the region of 1,500 sq. ft. sales area. At present operated for the sale of carpets, let on a renewable lease, the present lease expiring in July, 2025 & provides a rental income of £12,500 p.a.

Included in the investment are 2 self contained flats.

Flat No. 1. Let on a shorthold yearly agreement & providing a rental income of £475 per month. The flat with full gas fired central heating, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Flat No. 2. Is at present let on a shorthold yearly agreement & also provides a rental income of £475 per month. The flat has full gas fired central heating & comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath,, w.c. & wash hand basin
Lounge with fitted kitchen area

To the ground floor is a 3rd Self Contained Flat, also let on a shorthold yearly tenancy & provides a further rental income of £450 per month. The ground floor flat also has full gas fired cental heating & comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge with open plan kitchen area

Tenure

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY £380,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 266,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote