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.
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
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.
LARGE SHOP arranged on the ground and first floors.
Ground Floor Sales/Ancillary 7,670 sq ft
First Floor Offices/Ancillary 3,280 sq ft
Total 10,950 sq ft
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%
Property reference 6031.
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