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For Sale£540,000.00

Heron Foods, Wiltshire Road, Derby, DE21 6EZ

Retail - High Street, Other, Retail, Other Property Types & Opportunities , 4095 Sq Ft
Property type: Retail - High Street, Other, Retail, Other Property Types & Opportunities
Tenure: Business for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
Size: 4095 Sq Ft
Price: £540,000.00
Location: Heron Foods, Wiltshire Road, Chaddesden, Derby, DE21 6EZ
Modern retail development in prominent suburban location.
Very well presented and managed estate.
Popular commercial location, with close by amenities.
Excellent occupational history with very low void rates.
Freehold site with the benefit of the occupational lease to Heron Foods Limited at £45,000 per annum and five long leasehold ground rents of £150 per annum each.
Upper floors converted to 3 residential units, each sold to owner occupiers.
Total income of £45,750 per annum with fixed rental growths in all leases.
Quoting Purchase price of £540,000, which equates to a Net Initial Yield of 8.08%% after allowing for purchasers' costs of 4.85%.

( Agency Pilot Software Ref: 622 )
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