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1 -2 Sadler Gate Bridge, Derby, DE1 3NL

For sale: £650,000.00|1,529 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£650,000.00
SIZE1,529 Sq Ft
ADDRESSSadler Gate, Derby, DE1 3NL
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON6th September 2024

Description

Fully let and income producing for the next academic year up to July 2025
Prominent position on Sadler Gate in Derby City Centre
Recently renovated in 2020
Rental increase of 18% over the past three years
The studios have been fully let since completion of the conversion in 2021. There is a shortage of modern studios in the area which is reflected in the rental uplift of the past 3 years.
2022/2023 total income of 54,900 per annum
2023/2024 total income of 57,720 per annum
2024/2025 total income of 65,115 per annum
Retail unit let to Social Moody Ltd producing 12,600 per annum. Let on a 3 year term from July 2024
Price - 650,000 to show a gross initial yield of 10.00%

Location

marker
Location: Sadler Gate, Derby, DE1 3NL

Derby (0.8 miles)

Peartree (1.9 miles)

Spondon (3.1 miles)

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