Commercial Property for sale

Lower Dale Road, Derby, Derbyshire, DE23

Under Offer £795,000

Property Description

Full description

Tenure: Freehold

LOCATION
The property is located on Lower Dale Road, close to the junction with Normanton Road/Peartree Road. Normanton is a popular trading location, approximately one-mile south of Derby City centre, and offers a diverse range of multi-cultural retail outlets.

Ease of access is afforded to Derby's inner ring road at Lara Croft Way, together with Derby's outer ring road which gives access to the A50, M1 and the main motorway networks.

DESCRIPTION
The premises comprise six retail units, predominantly brick-built, with some rendered, of two-storey construction under pitched tiled roofs.

The units are currently split into two single retail units, with two larger, double, retail units. To the first floor of the premises, are four self-contained flats.

SERVICES
We believe that mains gas, electricity, water and drainage are all connected to the property.

BUSINESS RATES
We understand from our enquiries of the VOA website, that the property is assessed for non-domestic rating purposes as follows:

4 - Shop and Premises - RV £1,475
6 - Shop and Premises - RV £1,375
8-10 - Shop and Premises - RV £2,900
12 - Shop and Premises - RV £1,125
14 - Shop and Premises - RV £790

COUNCIL TAX
From enquiries of the VOA website, the residential elements of the property, have the following council tax bandings, with Derby City Council: -

Flats - 4A, 4B & 4C - A
Flat - 8A - A
Flat - 10 - A
Flat - 14 - A

SCHEDULE OF RENTAL INCOME
Shop at 4 Lower Dale Road - £500 pcm
Shop at 6 Lower Dale Road - £695 pcm
Shop at 8-10 Lower Dale Road - £900 pcm
Shop at 12-14 Lower Dale Road - £900 pcm

Flat 1 Lower Dale Road - £375 pcm
Flat 2 Lower Dale Road - £410 pcm
Flat 3 Lower Dale Road - £238 pcm
Flat 4 Lower Dale Road - £238 pcm

Total annual rental income £51,072 pax.

PRICE
Offers are invited in the region of £879,500 (eight hundred and seventy-nine thousand five hundred pounds) for the freehold interest.


ENERGY PERFORMANCE RATINGS
4 - Hairdressers - D 84
6 - Internet Café - D 80
8 - Mini Market - D 80
10-12 - Booze Shop - D 84
Flat - 4a - D 64
Flat - 4b - D 54
Flat - 4c - E 41
Flat - 8a - E 52
Flat - 10a - F 23

Copies of the certificates are available on request.

VIEWINGS
Strictly by prior appointment with the sole agents: -
Gadsby Nichols
21 Iron Gate, Derby, DE1 3GP
Tel: 01332 290390
Mob: 07501 525352
Email: mikewalmisley@gadsbynichols.co.uk

SUBJECT TO CONTRACT


Nearest stations

  • Peartree (0.8 mi)
  • Derby (0.9 mi)
  • Spondon (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Gadsby Nichols, Derby - Commercial

6 Victoria Street, Derby, DE1 1ES

01332 448102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Peartree (0.8 mi)
  • Derby (0.9 mi)
  • Spondon (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Gadsby Nichols, Derby - Commercial

6 Victoria Street, Derby, DE1 1ES

01332 448102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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