Mixed Use Investment Opportunity, Derby

The site consists of two elements; a post office on the ground floor and student accommodation on the first & second floor. Both the Post Office and accommodation have separate entrances and are inaccessible to each other. The site provides 6 tenants in situ; 5 students above and the postmaster below.

The property occupies a prominent roadside position on Kedleston Road, one of Derby’s main through routes linking the city centre with the affluent suburbs of Allestree and the wider A38 corridor. The surrounding area is predominantly residential in nature but has a range of neighbourhood retail and convenience uses serving the immediate catchment area.
The location benefits from a strong volume of passing vehicular traffic together with regular pedestrian footfall generated by nearby residential neighbourhoods, local schools and the University of Derby campus, which lies in very close proximity. The area is well established as a local convenience destination, with nearby occupiers including independent retailers, food and beverage operators and community services.
Derby city centre is situated approximately 1.5 miles to the south-east, providing direct access to the city’s wider retail, leisure and transport amenities. The property also benefits from good public transport connectivity, with a number of bus routes operating along Kedleston Road and surrounding thoroughfares.

The dimensions of the retail area are as follows:-

Retail sales area - 32.58 meters squared (350.66 sqft).

Secured post office counter - 9.29 meters squared (99.99 sqft).

Total - 41.87 meters squared, exc. ancillary areas (450.68).

The gross internal area of each floor is as follows:-

Ground floor & cellar - gross internal 176.66 meters squared (1901.5 sqft). Includes:- retail sales area, post office counter, kitchenette, W.C, ensuite, bedroom, games room, laundry room & cellar.

First floor - gross internal 76.19 meters squared (820.1 sqft). Includes:- lounge, two bedrooms & two ensuites.

Second floor - gross internal 39.55 meters squared (425.8 sqft). Includes:- two bedrooms and a jack & jill ensuite.

For a comprehensive breakdown, please review the floorplans.

A new buyer would benefit from buying a prominent and appealing building with multi tenants in situ. There are 5 students in the accommodation above, who pay a combined £2,816.66 a month, over a 10 month period (£28,166.64pa - 7.3% yield) and the post office tenant who pays £991.67 a month (£11,900.04pa - 7.9% yield). Whilst the students lease ends 30th June 2027, the close proximity to the University of Derby makes it an appealing accommodation option for students every year. Meanwhile, the security on the Post Office lease is very appealing, as this does not elapse until 31st December 2034. There is ample on road parking around this site, and the high footfall, vast vehicle movements and nearby amenities make it a good option for any investor.

Freehold – Mixed use investment.

The leases can be provided upon request which provide all of the relevant tenancy information.