2-4 Derby Street
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2-4 Derby Street
2 Industrial Properties Offered at $123,332 in Norwich
Investment Highlights
- Close to City Centre
- Good Access to Inner Ring Road
- Part of the City Trading Estate
Executive Summary
The subject properties comprise a pair of semidetached small industrial units and one end terrace unit.
Each property is of steel portal frame construction with concrete floor and clad with profile sheet steel coated with UPVC. Each property has a loading door in addition to designated parking.
Description M² Sq Ft
Unit 2 1,060 SF
Unit 4 1,060 SF
Unit 6 976 SF
Total 3,096 SF
The properties are held under a head lease dated 1 August 1986 for a term of 125 years at a ground rent of £2,660 per annum. Subject to rent review to 15% of the rental value every 5 years. Each unit has been sublet on a standard Law Society form of lease and these all expire as follows:
Unit 2 – June 2024
Unit 4 – June 2024
Unit 6 – March 2027
Under the terms of these leases, the landlord is responsible for external repairs and maintenance.
Each property is of steel portal frame construction with concrete floor and clad with profile sheet steel coated with UPVC. Each property has a loading door in addition to designated parking.
Description M² Sq Ft
Unit 2 1,060 SF
Unit 4 1,060 SF
Unit 6 976 SF
Total 3,096 SF
The properties are held under a head lease dated 1 August 1986 for a term of 125 years at a ground rent of £2,660 per annum. Subject to rent review to 15% of the rental value every 5 years. Each unit has been sublet on a standard Law Society form of lease and these all expire as follows:
Unit 2 – June 2024
Unit 4 – June 2024
Unit 6 – March 2027
Under the terms of these leases, the landlord is responsible for external repairs and maintenance.
Property Facts
| Price | $123,332 | Number of Properties | 2 |
| Price / SF | $39.84 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 3,096 SF |
| Status | Active | Total Land Area | 0.84 AC |
| Price | $123,332 |
| Price / SF | $39.84 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,096 SF |
| Total Land Area | 0.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Derby St, Norwich NR2 4PU | Industrial | 2,120 SF | 1986 | - |
| Derby St, Norwich NR2 4PU | Industrial | 976 SF | 1986 | - |
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2-4 Derby Street
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