64 Derby Road, Nottingham, Nottinghamshire, NG9
Size
1,582
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
No floor / site plan
Key features
- Comprises ground floor shop t/a Nail Salon and 2-bedroom flat at first floor
- Property benefits from large yard at rear, as well as outdoor space at front
- Rental Income: £19,800 p.a.
- Gross Initial Yield: 8.25%
Description
Gross Initial Yield: 8.25%
Rental Income: £19,800 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop t/a Nail Salon and 2-bedroom flat at first floor
Property benefits from large yard at rear, as well as outdoor space at front
Occupiers close by include Ladbrokes, Boots, Halifax, KFC, Sainsbury?s and many others.
Property Description:
Comprises ground floor shop with large rear yard and self-contained residential flat at first floor, accessed from the side of the building and providing the following accommodation and dimensions:
Ground Floor Shop: 75 sq m (807 sq ft)
Open plan retail, kitchen, storage, garden
First Floor Flat: 72 sq m (775 sq ft)
2 bedrooms, kitchen, living room, bathroom
Total GIA: 147 sq m (1,582 sq ft)
Tenancy:
The retail shop is at present let to Nail Art Nottingham Ltd for a term of 10 Years from 30th July 2024 at a current rent of £12,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 30.07.29 open market upward only. Tenant option to determine on 30.07.29 with minimum 6 months notice. Deposit held of £3,000.
The flat is at present let on APT to an Individual at a current rent of £7,800 p.a. Deposit held of £650.
Location:
Stapleford is located some 5 miles to the south-west of Nottingham, one of the major commercial centres of the East Midlands. Junction 25 of the M1 Motorway is some 2 miles to the west of the town centre. The property is situated on Derby Road, opposite its junction with Victoria Street in the centre of Stapleford. Occupiers close by include a new Iceland Store, Farm Foods, JD Wetherspoons, Sainsbury's Local, Lloyds Bank, Greggs, Ladbrokes and a large Co-operative Food supermarket, as well as a number of local traders.
- Service charge
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- Business rates
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- Use class
- C3, E
- Listed building
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- Floors in building
- 2
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- BREEAM rating
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- Environmental description
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Brochure
64 Derby Road, Nottingham, Nottinghamshire, NG9
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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