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Freehold Retail Investment Let to Somerfield Property Company Limited at 840 Osmaston Road, Allenton, Derby, DE24 9AB

Offers in Excess of 10,950 sq ft | £1,170,000

Property Description

Commercial information

  • Business for sale
  • 10,950 sq ft (1,017 sq m)

Key features

  • Freehold Reversionary Retail Investment
  • Let to Somerfield Property Company Ltd until June 2024.
  • In popular Derby suburb
  • Available in an SPV

Full description

Tenure: Freehold

ADDRESS: 840 Osmaston Road, Allenton, Derby, Derbyshire DE24 9AB
Freehold Reversionary Retail Investment
Let to Somerfield Property Company Ltd until June 2024. In popular Derby suburb
Available in an SPV.
LOCATION
Estimated District Population: 221,000
Miles: 16 miles south-west of Nottingham, 21 miles north-west of Loughborough, 33 miles north-west of Leicester
Roads: A6, A38, A52, A514, A5111, M1
Rail: London St Pancras
Air: East Midlands
SITUATION
The property is situated approximately 2 miles south-east of the City centre within the suburb of Allenton, on Osmaston Road (A514) at its junction with Stamford Street, Nearby : Ladbrokes, William Hill and branches of Lloyds TSB, HSBC, Barclays and Nat West banks, together with a number of local retailers.
DESCRIPTION
LARGE SHOP arranged on the ground and first floors.
ACCOMMODATION
Ground Floor Sales/Ancillary 7,670 sq ft
First Floor Offices/Ancillary 3,280 sq ft
Total 10,950 sq ft
TENANCY
The entire property is let to SOMERFIELD PROPERTY COMPANY LTD for 63 years from 24 June 1961 with FRI at a current rent of 62,175 per annum, with no further reviews. The previous rent review in 2003 was reviewed on a geared basis and we understand the rental value was agreed at 68,500 p.a.
RENT: 62,175 per annum.
TENURE: Freehold VAT IS: Applicable
PRICE: Offers in excess of 1,170, 000 5.3%

More information from this agent

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Suttons, London

100 Pall Mall London SW1Y 5NQ

020 3324 6898 Local call rate

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