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1253 London Rd
Derby DE24 8QN

Retail Property For Sale

Storefront Properties Derbyshire Derby 1253 London Rd, Derby, DBY DE24 8QN

Investment Highlights

  • 2,756 sq ft (256 sq m)
  • Annual rental income £30,600
  • Let in entirety to BET365 (Cash Betting) Ltd and first floor office sub-let to Elite Mechanics Ltd
  • Excellent position in busy Alvaston shopping district

Executive Summary

The property is available freehold subject to the existing tenancies:-
The premises are let in their entirety to BET365 (Cash Betting) Ltd for a term of 20 years from 1st March 2005 with no further break. The
current passing rental is £27,000 per annum and is subject to 5 year reviews.
The first floor has been sub-let to Elite Mechanics Ltd for a term of 5 years from 20th December 2019 with no further break. The letting is
outside the Act.
The double garage and a single parking space to the rear of 1253 London Road is let on a separate lease to Elite Motors Ltd for a term of 5 years from 20th December 2019 with no further break. The passing rental is £3,600 per annum. The letting is outside the Act.

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,758 SF
Building Class
B
Year Built
1965
Price
£355,000
Price Per SF
£129
Net Initial Yield
8.62%
NOI
£30,600
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Frontage
25 ft on London Road

Amenities

  • Security System
 

  • Listing ID: 29266521

  • Date on Market: 14/08/2023

  • Last Updated:

  • Address: 1253 London Rd, Derby DE24 8QN

The Retail Property at 1253 London Rd, Derby, DE24 8QN is currently available for sale. Contact Innes England Ltd for more information.

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