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Commercial Property for sale

32-40 Kedleston Street, Derby, DE1

Sold by Us £275,000

Property Description

Key features

  • Current income 24,500 per annum.
  • In excess of 10 years remaining, on each occupational lease.
  • Potential opportunity for rental uplift, through outstanding rent reviews.
  • Price: 275,000.

Full description

The investment is located to the north west of Derby City Centre a short distance off the A6 from Derby's inner ring road. Nearby occupiers include Kingsmead Secondary School and the University of Derby Enterprise Centre.

The property comprises one retail unit and two takeaway units (Chinese & Pizza).

There are five flats on the upper floors that have been sold off on long leasehold terms, for a period from 24th June 1989 to the 23rd June 2188, on a peppercorn rent.

More information from this agent

Map & Street View

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