High street retail property for sale
Market Place, Derby, Derbyshire, DE1
- SIZE AVAILABLE
6,029 sq ft
560 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops and B1 Business
A1, B1
Key features
- Derby City Centre Investment Opportunity
- Current Investment Yieid 7.52%
- Currently Generating £41,000 Annual Rent
- Sitting Tenants Currently In Situ
- Grade II Listed Building
- Planning Permission Granted - Floors 2 & 3 - 7 Bedroom HMO
Description
35 & 37 Market Place: Let to Hellenic Taste Limited on a 10-year FRI lease (due to service charge) commencing 25th July 2024 at a rent of £23,000 per annum exclusive.
36 Market Place: Let to Feng Chen on a 10-year FRI lease (due to service charge) commencing 2nd December 2016 at a rent of £9,750 per annum exclusive.
First Floor, 35, 36 & 37 Market Place: Let to Georgina Greaves & Sally Tickner-Mellor on a renewed 5-year FRI lease (due to service charge) commencing 1st August 2021 at a rent of £8,200 per annum. This tenant has maintained a presence in the property for over 10 years.
Tenant responsible for all windows, doors and shop frontages within the demised area, with annual service charge reviews and a rent review at the fifth anniversary.
The property has also been granted planning permission (2nd April 2025) to covert the second and third floors into a 7-bedroom HMO
Market Place, Derby, Derbyshire, DE1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Derby Station0.7 miles
- Peartree Station1.7 miles
- Spondon Station2.9 miles
Notes
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