4 Chequers Rd | Derby DE21 6EN
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4 Chequers Rd
Derby DE21 6EN
Retail Property For Sale
Investment Highlights
- Freehold available for sale
- 0.72 ha (1.78 acre) site
- Opportunity to purchase a 26,231 sq ft car show room situated in Derby. The opportunity comes with designated car parking spaces for 156 vehicles.
- Potential to re-position the site into either industrial, self storage or convenience retail use at lease end in October 2025.
Executive Summary
Offers are invited in excess of £3,000,000 subject to contract and exclusive of VAT. A price at this level reflects a Net Initial Yield of 15.66%.
The property is let on full repairing and insuring terms to Peugeot Motor Company Plc for a term of 30 years from 30th October 1995 expiring 29th October 2025 at a passing rent of £500,000 per annum.
The property is let on full repairing and insuring terms to Peugeot Motor Company Plc for a term of 30 years from 30th October 1995 expiring 29th October 2025 at a passing rent of £500,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
26,231 SF
Building Class
B
Year Built
1980
Price
£3,000,000
Price Per SF
£114
Net Initial Yield
15.66%
NOI
£469,800
Tenancy
Single
Number of Floors
2
Parking
30 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
221 ft on Chequers Rd
Amenities
- Bus Route
- Dedicated Turn Lane
- Security System
- Storage Space
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