21-23 Friar Gate, Derby, Derbyshire, DE1 1BX
- PROPERTY TYPE
Block of Apartments
- SIZE
8,238 sq ft
765 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Gross Income- £116,560 11% Gross Yield
- Commercial let to O'Dwyers until 2039
- FRI lease @ £47,500 pax, £55,000 from 2029 + CPI
- 7 Residential units let @ £69,060 pa Gross
- 2x 1 Bed Apartments + 4x Studios.+ 1x 4 Bed HMO
- Tenants unaffected
Description
Highly prominent mixed use investment. Popular Irish Pub with live music tenanted to 2038 with fixed increase to £55,000 p.a. in 2029 and a further Index Linked review in 2034. + 7 residential Lets fully refurbished in 2021. Comprising 2x apartments, 4x studios & a 4-bed HMO.
O'DWYERS Venue - a hugely successful Irish pub, Sports Bar and Live Music venue with live music all weekend and a very strong and loyal following - search O'Dwyers Bar for a flavour of what's been on and what's coming up soon.
RESIDENTIAL - The residential accommodation offers affordable all inclusive accommodation opposite the Derby University's Business School and Law School which appeals to students but which also appeals to those working in and around the City.
Furthermore with Valliant Live close by we would suggest the residential accommodation would be ideal for AirBnB type short term lets to drive the yield.
There are two entrances to the residential; one off Ford Street to 5 Flats, and one off Friar Gate to 2 Flats, limiting common areas for reduced maintenance costs.
Viewing
Please contact us or visit for full details. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.
VAT
All figures are quoted exclusive of VAT. We are advised the Pub (the commercial element) is registered for VAT. VAT will be applicable at the prevailing rate, however the sale may be treated as a TOGC to save on VAT payments and lower the SDLT cost.
EPC
Pub D(95), Flat A C(71), Flat B C(70), Flat C C(78), Flat D C(76), The Cluster D(67), Apt 1 and Apt 2 C(72).
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
21-23 Friar Gate, Derby, Derbyshire, DE1 1BX
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Visit our security centre to find out moreDisclaimer - Property reference 647FH. 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 OMEETO LTD, Derbyshire. 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.
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