Derby Rd
Heanor DE75 7QL

Basford Warehouse · Industrial Property For Sale

INVESTMENT HIGHLIGHTS

  • Two storey office
  • Secure yard
  • Good transport links

EXECUTIVE SUMMARY

Guide price £1,100,000. Fully let with a current passing rent £102,915 per annum exclusive. Guide price reflects a net initial yield of approximately 8.84% and a low acquisition cost of just £40.11 per square foot.

PROPERTY FACTS

Sale Type Investment
Cap Rate 8.84%
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 1.33 AC
Rentable Building Area 27,425 SF
No. Stories 2
Year Built 1954
Parking Ratio 0.22/1,000 SF
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 2

AMENITIES

  • Security System
  • Yard
  • Automatic Blinds
  • Recessed Lighting

UTILITIES

  • Lighting - Fluorescent
  • Water
  • Sewer
  • Heating - Fired Oil
  • Listing ID: 29106058

  • Date on Market: 7/26/2023

  • Last Updated:

  • Address: Derby Rd, Heanor DE75 7QL