Property Description

A freehold commercial investment opportunity to acquire a substantial office building, situated just off the popular Burton Road, within close proximity to the city centre. Interestingly the property has been let to a successfully run charity for over 20 years. The charity is currently paying a passing rent of £700 per calendar month (£8,000 per annum), this represents and impressive 8% return based on the guide price, however in our opinion there is scope for a significant rental increase. NOTE FOR BUYERS - A copy of the completed lease is not available. Land behind the property (part of which formed part of the premises within the lease) was also sold previously and will not form part of the demised premises. We have also been informed that the use of the property under the lease is for office purposes only however members of the commercial tenant reside at the property. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Alternatively, the property may lend itself to residential conversion to flats or HMO use, subject to obtaining the necessary planning consents if desired. Internally the double glazed and gas central heated office accommodation consist of; reception hallway, guest WC with separate Gentlemens and ladies WC's, 4x office rooms, fitted kitchen and conservatory. To the first floor landing, there are three further well proportioned offices. Outside to the rear there is a low maintenance courtyard. The property is situated within the context of an established and popular residential location with excellent road network connections providing swift access onto the Royal Derby Hospital, Derby inner ring road and several retail parks.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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