Derby Road, Long Eaton, NG10 1PD

A mixed-use investment property prominently situated on Derby Road in the heart of Long Eaton. The property comprises a fully let retail unit at ground floor level with two self-contained residential flats across the upper and lower floors, offering a strong rental income with scope for further uplift through asset management and conversion of the coach house to the rear into a 1 bedroom property.

Ground Floor Retail Unit

Tenant: Sail Construction
Lease Term: 5 years
Rental Income: £12,000 per annum
Description:
A well-presented ground floor retail unit with excellent frontage to Derby Road, benefitting from high footfall and visibility. The unit is arranged as a modern commercial space, currently operating as an office/showroom with kitchen and staff w/c to rear.

First & Second Floor Residential Flat
Status: Let
Tenancy Term: 3 years
Rental Income: £9,600 per annum
Accommodation:
A spacious three bedroom flat comprising a fully fitted kitchen, living room and family bathroom at first floor. 3 x double bedrooms with one room having the benefit of an en-suite at second floor.


Lower Ground Floor Residential Flat
Tenancy Status: Let at £9,000 pa
Accommodation:
A self-contained newly refurbished one-bedroom apartment with separate access. Comprises a modern kitchen, living room, a good sized bedroom and separate shower room and w/c.

Investment Summary

Current Rental Income: £30,600 per annum
Potential Rental Income (Fully Let): Estimated in excess of £40,200 per annum
Current Gross Yield: 9.4%
Potential Gross Yield: 12%
Tenure: Freehold
Development Potential: There is a former Coach House to the rear of the property which is currently in planning for conversion into a further 1 bedroom, 2 storey residential dwelling.

Situated in a well-established area of Long Eaton, Derby Road provides a mix of residential and commercial occupiers with excellent access to local amenities, transport links, and public services. The property benefits from high visibility and excellent connectivity to both Nottingham and Derby.