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Commercial Property for sale

Heron Foods, Wiltshire Road, Chaddesden, Derby, DE21

£540,000
4,095 sq. ft.

Property Description

Commercial information

  • 4,095 sq ft (380 sq m)

Key features

  • Retail Investment Opportunity For Sale
  • Total income of 45,750 per annum with fixed rental growths in all leases.
  • Quoting Purchase price of 540,000, which equates to a Net Initial Yield of 8.08%

Full description

Modern retail development in prominent suburban location.
Very well presented and managed estate.
Popular commercial location, with close by amenities.
Excellent occupational history with very low void rates.
Freehold site with the benefit of the occupational lease to Heron Foods Limited at £45,000 per annum and five long leasehold ground rents of £150 per annum each.
Upper floors converted to 3 residential units, each sold to owner occupiers.
Total income of £45,750 per annum with fixed rental growths in all leases.
Quoting Purchase price of £540,000, which equates to a Net Initial Yield of 8.08%% after allowing for purchasers' costs of 4.85%.


More information from this agent

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