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For Sale£450,000.00

47 - 59 Abbey Street, Derby, DE22 3SJ

Other, Other Property Types & Opportunities
Property type: Other, Other Property Types & Opportunities
Tenure: Investment Opportunity, For Sale Freehold
Price: £450,000.00
Location: 47 - 59 Abbey Street, Derby, DE22 3SJ
The property comprises a parade of ground floor retail units with a large first floor restaurant above. To the rear is a substantial single storey building accommodating a bar/function room known as "The Venue".

47-49 Abbey Street - Function venue comprising bar area, two main function rooms, w.c.'s kitchen and storage areas. Let to Mr D Barber t/a The Venue for a term of 6 years from 5/1/2016 at a rental of £20,000 on FRI terms

51-53 Abbey Street - Offices of 709 sq ft - Vacant - previously let at £7,820 pax.

55 Abbey Street - Off Licence - Occupied on licence by Philip Wright at a rental of £500 per month.

57-59 Abbey Street - Japanese sushi restaurant and takeaway with kitchen, seating area, store and w.c's.. Let to Mr Isoa Ebina on a 5 year lease from 16//11/2011 at a rental of £7,080 per annum. On IRI terms with a schedule of condition

First Floor 51-59 Abbey Street - Restaurant premises let to Fusion of India Limited for a term of 5 years at a stepped rental rising from £12,000 in year 1 to £17,500 in year 5.

Current total rental income approximately £45,080 per annum.
( Agency Pilot Software Ref: 4933 )
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