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99 Derby Rd 5,190 SF 100% Leased Retail Building Nottingham NG1 5BB $534,274 ($102.94/SF)
Investment Highlights
- Property forms part of a tertiary retail frontage within a suburban area on the western periphery of Nottingham
- The University of Nottingham (University Park Campus) lies to the west of the city centre and is within close proximity to Lenton and Wollaton
- Nottingham Trent University (City Campus) is located approximately 0.3 miles (0.5 km) away
Executive Summary
The property comprises a tenanted, mid-terraced building arranged over four floors, providing a ground floor retail unit, a one-bedroom, self-contained flat on the first floor, and a two-storey, two-bedroom flat occupying the second and third floors.
Both residential flats benefit from independent access via a shared rear yard and are fully furnished and finished to a high specification, offering well-appointed accommodation suitable for the local professional and student rental market. The flats are presented as ready-to-let investment units, requiring no immediate capital expenditure.
Access to the rear of the property is gained via an adjacent open, rough-surfaced car parking area. Please note that this car parking area is not included within the title.
Tenancy:
The ground floor retail unit is let by way of a 10-year lease from June 2018.
The residential accommodation is let by way of separate Assured Shorthold Tenancies.
The current annual rental income is as follows:
99 Derby Road (Ground Floor Retail) – £10,000 per annum exclusive
99b Derby Road (First Floor Flat) – £13,020 per annum
99a Derby Road (Second & Third Floor Flat) – £14,400 per annum
Total Current Income: £37,420 per annum
Both residential flats benefit from independent access via a shared rear yard and are fully furnished and finished to a high specification, offering well-appointed accommodation suitable for the local professional and student rental market. The flats are presented as ready-to-let investment units, requiring no immediate capital expenditure.
Access to the rear of the property is gained via an adjacent open, rough-surfaced car parking area. Please note that this car parking area is not included within the title.
Tenancy:
The ground floor retail unit is let by way of a 10-year lease from June 2018.
The residential accommodation is let by way of separate Assured Shorthold Tenancies.
The current annual rental income is as follows:
99 Derby Road (Ground Floor Retail) – £10,000 per annum exclusive
99b Derby Road (First Floor Flat) – £13,020 per annum
99a Derby Road (Second & Third Floor Flat) – £14,400 per annum
Total Current Income: £37,420 per annum
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
5,190 SF
Building Class
B
Year Built
1800
Price
$534,274
Price Per SF
$102.94
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Frontage
37’ on Derby Road
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Storage Space
- Smoke Detector
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99 Derby Rd
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