Available
Derby – Estate Agents
5A St James Street, Derby DE1 1QTFreehold Retail Investment
Price
£235,000
Rent P.A.
£21,000
Yield
8.94%
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
1y 4m
Area
948 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop with ancillary at basement
- Situated on the north side of the pedestrianised St James' Street, between Corn Market and Victoria Street, in the heart of the City Centre
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace ground floor shop t/a Estate Agents with ancillary accommodation at basement, providing the following accommodation and dimensions:
Ground Floor: 49.33 sq m (532 sq ft)
Open plan retail, storage
Basement: 38.74 sq m (417 sq ft)
Ancillary
Total area size: 88.07 sq m (948 sq ft)
Ground Floor: 49.33 sq m (532 sq ft)
Open plan retail, storage
Basement: 38.74 sq m (417 sq ft)
Ancillary
Total area size: 88.07 sq m (948 sq ft)
Tenancy Description
The property is at present let to Northwood (Derbyshire) Limited* for a term of 15 years from 25th March 2011 at a current rent of £21,000 p.a. and the lease contains full repairing and insuring covenants.
* Northwood Estate Agents are a leading nationwide Estate Agent that were established in 1995 and now trade from over 80 offices across the UK (www.northwooduk.com)
* Northwood Estate Agents are a leading nationwide Estate Agent that were established in 1995 and now trade from over 80 offices across the UK (www.northwooduk.com)
Tenancies & Accommodation
Location Description
The property is prominently situated on the north side of the pedestrianised St James' Street, between Corn Market and Victoria Street, in the heart of the City Centre. The property is located close to other Estate Agents and office providers and within close proximity to Derbion Shopping Centre, which has retailers including Marks & Spencer, Zara, Mango, Flannels, River Island, H&M, Zizzi, Wagamama, Five Guys, Nando's and Showcase Cinema.
