Semi-Detached Investment Property in Derby For Sale

Situated densely populated residential area DERBYSHIRE DERBY

Price £420,000

Features

Spacious Freehold Semi-detached Investment Property

We understand the property was built in the 1960's with large extension being built in approx. 1983.

No Parking Restrictions plus forecourt area providing parking for 4 cars

SPACIOUS SALES SHOP in the region of 1,200 sq.ft. This is currently operated as a Hardware/DIY Shop & is let on lease having approximately 4 years unexpired providing a rental income of £12,000 p.a.

Rear store area
Staff w.c. & wash hand basin

INCLUDED IN THE INVESTMENT IS AN ADJOINING SECOND SHOP approximately 400 sq. ft. This is currently operated as a Phone Shop on a 5 years lease from June, 2020 & providing a rental income of £7,800 p.a.

Accommodation

The SPACIOUS living accommodation, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING is at present occupied by the owner, however could be let to provide additional rental income & indeed the vendor is of the opinion that the spacious accommodation could be converted into 2 flats. The accommodation comprises:

First Floor
Large Lounge
Large Fully Fitted Kitchen/Breakfast room
Master Bedroom with en suite bathroom with bath, shower over bath, w.c. and wash hand basin
1 Additional Large Double Bedroom with en suite shower room with shower, w.c. and wash hand basin
2 Additional Double Bedrooms

Second Floor
2 Further Double Bedrooms

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY £420,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 294,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote