1309 London Rd | Derby DE24 8QN
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1309 London Rd
Derby DE24 8QN
Retail Property For Sale
Investment Highlights
- Self-contained stand alone retail unit
- Excellent position within business neighbourhood shopping district
- Let for a term of 4 years at a rental of £8,400 per annum
Executive Summary
The freehold is available subject to the existing tenancy.
The property is let on a tenancy agreement for a term commencing 01 April 2022 and expiring 31 January 2027 at the current passing rental
of £8,400 per annum. There is a rent review on 01 April 2025. The tenancy agreement is outside the Landlord & Tenant Act 1954.
Self-contained stand alone retail unit of tradition brick built construction under a pitched tiled roof. The ground floor comprises an open plan sales area with w.c. accommodation.
The property is let as a barbers.
The property is let on a tenancy agreement for a term commencing 01 April 2022 and expiring 31 January 2027 at the current passing rental
of £8,400 per annum. There is a rent review on 01 April 2025. The tenancy agreement is outside the Landlord & Tenant Act 1954.
Self-contained stand alone retail unit of tradition brick built construction under a pitched tiled roof. The ground floor comprises an open plan sales area with w.c. accommodation.
The property is let as a barbers.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
355 SF
Building Class
B
Year Built
1904
Price
$157,868
Price Per SF
$445
Cap Rate
6.72%
NOI
$10,609
Tenancy
Single
Building Height
1 Story
Amenities
- Storage Space
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