0 Bedroom Commercial for sale in Midlands, England for Guide Price GBP £275,000

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Jones & Associates (Lettings)

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Investment for Sale
Excellent retail location
First Floor Retail Area
1st & 2nd Floor 3 bedroomed maisonette
Currently yielding £18,200 per annum

Blenheim Parade is a small parade of shops situated off Blenheim Drive within the much sought after and expanding residential area of Allestree, a suburb of Derby. The City of Derby is an important commercial location within the Midlands area with the busy A38, A52 and A6 trunk roads and close to Junction 25 of the M1 motorway.

The property is located in a block of six shops with flats over and comprises of a three storey, mid-terraced brick built building with rear single storey brick extensions built in the 1960's. The ground floor accommodation provides a retail sales shop, together with ancillary storage, staff and wc accommodation. An external steel staircase provides private access to the first and second floor 3 bedroom maisonette.

The accommodation comprises as follows:-

Shop
Frontage - 18'0" (5.5m)
Depth - 22'4" (6.8m)
Total - 401 sq.ft. (37 sq.m.)

Store - 76 sq.ft. (7.1 sq.m.)
Office off - 27 sq.ft (2.5 sq.m.)
Cold Store - 52 sq.ft. (4.8 sq.m.)
Further Storage Area - 108 sq.ft. (10 sq.m.)
Rear Store - 234 sq.ft. (21.7 sq.m.)
Total ancillary space - 497 sq.ft. (46.0 sq.m.)

First Floor Maisonette comprising Lounge/Diner, Kitchen, 3 Bedrooms and bathroom, accesed by an external private staircase.

To the outside is a rear driveway to the rear store and shared rear yard.

RATES
We understand from the Valuation Office website that the property is assessed as following for rating purposes:-

Retail Unit - Rateable Value - £5,400
Maisonette - Band B

TENANCIES
The ground floor retail premises are currently let as a florists on a fully insuring and repairing lease at a rental of £12,500 per annum for a term of 15 years from 15.11.04.

The first floor maisonette is subject to a 6 month assured shorthold tenancy at a rental of £5,700 per annum.

Rent reviews are at 3 yearly intervals. Next rent review due on 15th November 2010.

LEGAL COSTS
Each party to pay their own legal costs in the transaction.

TERMS
Freehold available at £275,000. VAT is not applicable to this transaction.

SERVICES
All mains services are understood to be connected or available to the property.

VIEWING
Strictly by arrangement through Stephen Jones & Associates - 01773 824004.

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- indicates the approximate location of the property

(~3.1 miles) Derby
(~12.4 miles) Burton-on-Trent
(~12.6 miles) Nottingham
(~16.6 miles) Loughborough
(~17 miles) Mansfield
(~18.7 miles) Chesterfield
(~26 miles) Leicester
(~27.5 miles) Worksop
(~31.1 miles) Walsall

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Disclaimer: Property Reference: RS4236579 This listing is a property advertisement. PropertyIndex.com does not control the content of the advertisement and makes no warranty as to the accuracy or completeness of the advertisement, or any associated or linked information. This property advertisement does not constitute property particulars. The information is maintained by Jones & Associates (Lettings). Please contact the owner, selling agent or developer directly to obtain any information.

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