Freehold Commercial Investment Property in Chaddesden, Derby with 6.8% ROI
Derby, Derbyshire
- Status
FOR SALE
- Advert ID
629088
- Reference
3103 / Rightbiz
- Call Agent:
- Freehold: £349,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Freehold Commercial Investment Property Located In Chaddesden, Derby
Freehold Commercial Investment Property Located In Chaddesden, DerbyRental Income £23,700 pa ROI (6.8%)
Ground Floor Commercial Let
1 Bedroom Flat Above
Ref 3103
Offers Over £349,995
Location
The property occupies a prominent position on the busy Nottingham Road (A6005) in Chaddesden. Aa well established and densely populated suburb set within a vibrant neighbourhood retail parade. The location enjoys strong local demographics, high footfall, and exceptionally low retail vacancy rates. Surrounding occupiers include convenience stores, takeaways, salons, local pub & restaurant and a variety of independent retailers all of which contribute to the area’s resilient and thriving local economy. The property is located (1.5 miles) east of Derby city centre and approximately (8 miles) from Junction 25 of the M1 motorway.
Business Description
Veritas Business Sales are privileged to offer for sale this Freehold Investment Property which is located in Chaddesden. The ground floor commercial unit is let on a secure 10 year lease in June 2023 and is producing rental income of £16,500 pa. The first floor offers a self contained one bedroom flat which is let on a 12 month rolling tenancy agreement and is producing rental income of £7,200 pa. The site is fully let and producing total rental income of £23,700 pa with a ROI of (6.8%).
There is an option to extend to the rear of the property subject to obtaining planning permission which would enhance future rental income.
This is a great opportunity to acquire a turnkey freehold investment property combining both a commercial and residential income stream and with this in mind early viewing is highly recommended.
GROUND FLOOR
Total: 1,155 sqft (107.28 sqm)
Entrance/shop floor: 570 sqft (52.95 sqm)
Scanning room: 203.5 sqft (18.91 sqm)
Hallway: 160 sqft (11.86 sqm)
Staff room: 120 sqft (11.15 sqm)
Kitchen: 142.5 sqft (13.24 sqm)
W/C: 15 sqft (1.39 sqm)
FIRST FLOOR (SEPARATE ENTRANCE)
Total: 449 sqft (41.72 sqm)
Living room: 116 sqft (10.78 sqm)
Kitchen: 134 sqft (12.45 sqm)
Bedroom: 141 sqft (13.10 sqm)
Bathroom: 58 sqft (5.39 sqm)
EXTERNAL
Parking spaces to the front, side yard with bins and entrance to the flat upstairs
EPC RATING & SCORE
Ground floor B
First Floor D (Potential C)
Contact Agent
Listing Statistics
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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