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870 Osmaston Rd 7,238 SF 100% Leased Retail Building Derby DE24 9AB $415,562 CAD ($57.41 CAD/SF)
INVESTMENT HIGHLIGHTS
- Ground floor retail unit
- Concrete courtyard
- Residential flat on first floor
EXECUTIVE SUMMARY
The property is available to purchase for £225,000 freehold subject to the existing tenancy. The ground floor is let to a Funeral Directors on a 6-year Full Repairing and Insuring lease from 20th November 2020, at £15,000 per annum exclusive, with no break clauses and a back-dated upwards-only rent review at the 3rd anniversary. The tenant is responsible for maintaining the external windows, doors and shop frontage of the demise they occupy, along with a 50% contribution to any roof repairs to the external two-storey section of the property. The first-floor flat is currently vacant, however has the potential to be let at £650 pcm.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
7,238 SF
Building Class
C
Year Built
1990
Price
$415,562 CAD
Price Per SF
$57.41 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
3.32
Lot Size
0.05 AC
Frontage
50’ on Osmaston Road
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Storage Space
- Smoke Detector
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870 Osmaston Rd
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