Available
Belper – Beauty Salon
10 Hayfield Close, Belper, Derbyshire DE56 1FAVirtual Freehold Retail Investment
Price
£109,000
Rent P.A.
£7,250
Yield
6.65%
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
2y 9m
Area
499 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor retail shop t/a beauty salon
- Situated in predominantly residential area within 1 mile from Belper Town Centre
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor shop t/a beauty salon, which forms part of an established retail parade and provides the following accommodation and dimensions:
Retail Shop: 46.40 sq m (499 sq ft)
Open plan retail, Kitchenette, WC, Storage
Retail Shop: 46.40 sq m (499 sq ft)
Open plan retail, Kitchenette, WC, Storage
Tenancy Description
The property is at present let to an Individual for a term of 5 Years from 14th September 2022 at a current rent of £7,250 p.a. and the lease contains full repairing and insuring covenants. Rent review on 14th September 2025 to a higher of open market value or RPI linked (uncapped).
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
The market town of Belper lies 9 miles north of Derby, on the edge of the Peak District. The town is located on the A6 and is some 15 miles west of Junction 26 of the M1 Motorway. The property is situated in a predominantly residential area on the east side of Hayfield Close, at its junction with Ladywood Avenue.
