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Wiltshire Rd 2,468 SF Retail Condo Unit Offered at $652,855 CAD in Derby DE21 6EZ
Investment Highlights
- The property is held on a long lease with 141 years left unexpired
- Investment opportunity to purchase the long leasehold
- Currently leased to Age UK
- Located off Wiltshire Road via a shared access
Executive Summary
This is an investment opportunity to purchase the long leasehold for units B & C of the former Blue Boy public house, currently occupied by Age UK Derby & Derbyshire. Internally, the property is configured to a good standard and comprises a trade counter serving area adjacent to the entrance, a main retail area of 'T' shaped orientation with adjacent ancillary storage accommodation, along with a service corridor, male/female toilets and a lower level storage room with ramped access to a pair of double doors leading to a small external loading area. Located off Wiltshire Road via a shared access, there is a substantial forecourt with demarcated parking spaces for upwards of 14 vehicles.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 14 |
| Cap Rate | 7.50% | Tenure | Long Leasehold |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Parking Spaces | 14 |
| Tenure | Long Leasehold |
Available to purchase at £350,000. Currently leased to Age UK with an active IRI lease of 9 years commencing 25th March 2021.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B & C | 2,468 SF | Retail | $652,855 CAD ($264.53 CAD/SF) | $48,964.10 CAD |
Unit B & C
| Unit Size |
| 2,468 SF |
| Condo Use |
| Retail |
| Price |
| $652,855 CAD ($264.53 CAD/SF) |
| NOI |
| $48,964.10 CAD |
Unit B & C
| Unit Size | 2,468 SF |
| Condo Use | Retail |
| Price | $652,855 CAD ($264.53 CAD/SF) |
| NOI | $48,964.10 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Parking Spaces | 14 |
| Tenure | Long Leasehold |
| Description | |
| This is an investment opportunity to purchase the long leasehold for units B & C of the former Blue Boy public house, currently occupied by Age UK Derby & Derbyshire.</li></ul> | |
| Sale Notes | |
| The property is held on a long lease with 141 years left unexpired.<br> Available to purchase at £350,000. Currently leased to Age UK with an active IRI lease of 9 years commencing 25th March 2021.</li></ul> |
Property Facts
| Total Building Size | 6,794 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 3,642 SF |
| Property Subtype | Bar | Year Built | 1922 |
| Building Class | B | Lot Size | 1.01 AC |
| Total Building Size | 6,794 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Bar |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 3,642 SF |
| Year Built | 1922 |
| Lot Size | 1.01 AC |
Amenities
- Storage Space
Nearby Major Retailers
Presented by
Wiltshire Rd
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