10 Derby Rd 1,154 SF Retail Building Nottingham NG9 7AA $229,091 ($198.52/SF) 8% Cap Rate
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
$229,091
Price Per SF
$198.52
Cap Rate
8%
NOI
$18,327
Tenancy
Single
Building Height
2 Stories
AMENITIES
- Security System
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
