10 Derby Rd 1,154 SF Retail Building Nottingham NG9 7AA £175,000 (£151.65/SF) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Business unaffected
- Potential for future residential conversion of first floor STP
- Fitted out for financial and professional services
EXECUTIVE SUMMARY
The property is let to Premier Mortgage Services (Nottingham) Limited, on an FRI lease expiring 1 December 2028. The passing rent is £14,000 per annum, there is a O/S review from December 2023.
The premises is available to buy for £175,000 for the Freehold.
The premises is available to buy for £175,000 for the Freehold.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,154 SF
Building Class
B
Year Built
1981
Price
£175,000
Price Per SF
£151.65
Net Initial Yield
8%
NOI
£14,000
Tenancy
Single
Number of Floors
2
AMENITIES
- Security System
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
