840 Osmaston Road, Derby, DBY

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840 Osmaston Road

Derby, DE24 9AB

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Property type:Retail Sub type:Shop-front Status:Existing Year built:1975

Building size:10,950 sq ft

For sale price:£1,170,000 Price:£106.85 sq ft

Yield:5.30 %

The property comprises a corner terrace supermarket premises with office space set over a first floor area. The build is of 1970s design and benefits from frontage onto an extended forecourt.
The property is situated approximately 2 miles south-east of the City centre within the suburb of Allenton, on Osmaston Road (A514) at its junction with Stamford Street. There is a good tenant mix within the vacinity.

Sale Notes:
The available space constitutes a Freehold reversionary Retail Investment offering IY 5.30%; RY 6.00%.
The entire property is let to SOMERFIELD PROPERTY COMPANY LTD for 63 years from 24 June 1961 with FRI at a current rent of £62,175 per annum, with no further reviews. The previous rent review in 2003 was reviewed on a geared basis and we understand the rental value was agreed at £68,500 p.a.

RENT: 62,175 per annum.

CLICK HERE TO CONTACT THE SELLING AGENT

SELLING AGENTS

Suttons Commercial

Rajiv Sabharwal

020 7664 8699

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