Freehold Investment Property, Nottingham Road, Derby, Derbyshire, DE21 6PF

Freehold Commercial Investment Property Located In Chaddesden, Derby
Rental Income £23,700 pa ROI (6.8%)
Ground Floor Commercial Let
1 Bedroom Flat Above
Ref 3103

Offers Over £349,995

Location
The property occupies a prominent position on the busy Nottingham Road (A6005) in Chaddesden. Aa well established and densely populated suburb set within a vibrant neighbourhood retail parade. The location enjoys strong local demographics, high footfall, and exceptionally low retail vacancy rates. Surrounding occupiers include convenience stores, takeaways, salons, local pub & restaurant and a variety of independent retailers all of which contribute to the area's resilient and thriving local economy. The property is located (1.5 miles) east of Derby city centre and approximately (8 miles) from Junction 25 of the M1 motorway.

Business Description
Veritas Business Sales are privileged to offer for sale this Freehold Investment Property which is located in Chaddesden. The ground floor commercial unit is let on a secure 10 year lease in June 2023 and is producing rental income of £16,500 pa. The first floor offers a self contained one bedroom flat which is let on a 12 month rolling tenancy agreement and is producing rental income of £7,200 pa. The site is fully let and producing total rental income of £23,700 pa with a ROI of (6.8%).
There is an option to extend to the rear of the property subject to obtaining planning permission which would enhance future rental income.
This is a great opportunity to acquire a turnkey freehold investment property combining both a commercial and residential income stream and with this in mind early viewing is highly recommended.

GROUND FLOOR
Total: 1,155 sqft (107.28 sqm)
Entrance/shop floor: 570 sqft (52.95 sqm)
Scanning room: 203.5 sqft (18.91 sqm)
Hallway: 160 sqft (11.86 sqm)
Staff room: 120 sqft (11.15 sqm)
Kitchen: 142.5 sqft (13.24 sqm)
W/C: 15 sqft (1.39 sqm)

FIRST FLOOR (SEPARATE ENTRANCE)
Total: 449 sqft (41.72 sqm)
Living room: 116 sqft (10.78 sqm)
Kitchen: 134 sqft (12.45 sqm)
Bedroom: 141 sqft (13.10 sqm)
Bathroom: 58 sqft (5.39 sqm)

EXTERNAL
Parking spaces to the front, side yard with bins and entrance to the flat upstairs

EPC RATING & SCORE
Ground floor B
First Floor D (Potential C)