121 Nottingham Rd
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121 Nottingham Rd
1,065 SF 100% Leased Retail Building Derby DE1 3QR $316,857 ($298/SF)
Investment Highlights
- Prominent frontage onto Nottingham Road
- The property has development potential and would suit residential conversion
- Just off the A52 and 0.5 miles from Derby City Centre
Executive Summary
Offers are invited in the region of:-£250,000
Gross initial yield of 7.8%.
The total passing rent is therefore £19,500 per annum.
• Ground floor unit let to Chill @ Chives producing £13,500 per annum on a term expiring September 2029
• First floor let to Major Oak Construction Ltd at a rent of £6,000 per annum by way of license
Gross initial yield of 7.8%.
The total passing rent is therefore £19,500 per annum.
• Ground floor unit let to Chill @ Chives producing £13,500 per annum on a term expiring September 2029
• First floor let to Major Oak Construction Ltd at a rent of £6,000 per annum by way of license
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,065 SF
Building Class
B
Year Built
1934
Price
$316,857
Price Per SF
$298
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Land Acres
0.03 AC
Frontage
Amenities
- Bus Line
- Security System
- Storage Space
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Nearby Major Retailers
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Tom Wragg -
Corbin Archer -
FHP Property Consultants
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121 Nottingham Rd
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