1253 London Rd | Derby DE24 8QN
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1253 London Rd
Derby DE24 8QN
Retail Property For Sale
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.
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
$448,346
Price Per SF
$163
Cap Rate
8.62%
NOI
$38,646
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
25 FT on London Road
Amenities
- Security System
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