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AGENT'S DETAILS


7A-12 Albion Street, Derby, DE1 2PR

For sale: £2,250,000.00|34464 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£2,250,000.00
SIZE34464 Sq Ft
ADDRESSAlbion Street, Derby, DE1 2PR
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON27th October 2020

DESCRIPTION

Well established City Centre location adjacent to Intu Derby
The Property is let to TJX UK Ltd (t/a TK Maxx) with approximately 7 years until their break
Rent passing 175,000, only 5.07 per ft
Full rent received during lockdown (March - September 2020)
Freehold
Quoting price of 2,250,000 reflecting a net initial yield of 8.30% after the usual purchasers costs of 6.33%
Low capital value of 65.00 per ft

LOCATION

Location: Albion Street, Derby, DE1 2PR

Derby (0.5 miles)

Peartree (1.7 miles)

Spondon (2.8 miles)

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