Vernon House, Vernon Street, Derby
£95.77 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
14,618 sq ft
1,358 sq m
- SECTOR
Commercial property for sale
Key features
- Offers over £1,400,000
- Gross rental income £160,000 from the 6 separate properties
- Let and Managed by P & F Commercial
- Derby City Centre
- Mixed Commercial investment wit 1 student House
Description
Offers over £1,400,000 (NO VAT)
ERV - £160,000 per annum
Available Size: 2,000 to 14,618 sq ft
Price Auction: £1,400,000
Business Rates: Upon Enquiry
VAT: No VAT on the purchase Price
Legal Fees: The tenant will contribute to the legal fees as part of the auction conditions.
EPC Rating: C (69
1 Vernon street - 5 serviced offices - income £19,585
2 Vernon Street - 4 serviced offices - income £27,300
Vernon House - 9 serviced offices - income £56,748
The Courtyard - Public House - Lease expiry - 13th April 2032 - passing rent £22,500 per annum
Betfred - Lease expiry - 18th September 2026 - passing rent - £21,000 per annum
71 Friar Gate - 2 bedroom student house - Let 24/25 - £13,668 per annum
Location - Derby with an estimated population of 250,000 in the city and surrounding areas has extensive transport links with other areas of the country. The M1 motorway passes about ten miles (16 km) to the east of the city, linking Derby southwards to the London area and northwards to Sheffield and Leeds. Other major roads passing through or near Derby include the A6, A38, A50, A52 (Newcastle-under-Lyme to Mablethorpe, including Brian Clough Way linking Derby to Nottingham) and A61 (Derby to Thirsk via Sheffield and Leeds).
Accommodation - The accommodation comprises the following areas:
Building - 3 Office Buildings 5,000 sq ft
Building - 2 Bedroom Student House 2,000 sq ft
Building - Betfred Investment 2,000 sq ft
Building - Public House Investment 5,618 sq ft
Viewing - Viewing is strictly by prior appointment with the agents P & F Commercial Tel: or email:
Brochures
Vernon House, Vernon Street, Derby
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Derby Station1.3 miles
- Peartree Station2.0 miles
- Spondon Station3.4 miles
Notes
Disclaimer - Property reference 33545174. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by P&F, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call P&F, Commercial on 01664 491671.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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