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Investment

Investment For Sale Derby

PROPERTY ID: 142100

PROPERTY TYPE

Investment

STATUS

Available

SIZE

1,297-2,870 sq.ft

Key Features

Freehold Investment opportunity consisting of a newly let laundrette and a 3-bed fully let house.
Combined income of £35,472 per annum.
Highly visible city-gateway location.
High-density residential area including large student population.
Net Initial Yield of 8.51%.
No VAT payable.

Property Details

The Premises Comprise A Mixed-use Brick And Slate-built Period Building With Display Windows To The Ground Floor Laundrette And Timber Framed Windows To The Remaining Accommodation.
Internally, The Building Provides A Laundrette To The Left-hand Corner (67 Friar Gate) Of The Building With A 3-bed House To The Ground And First Floor Of The Right-hand Section Of The Property (67a Friar Gate).
67 Friar Gate, Provides A Single Storey, Corner Position, Retail Unit Benefitting From Single Glazed Display Windows Fronting Both Brick Street And Friar Gate.
The Ground Floor Of The Building Is Currently Utilised As A Laundrette With Useful Fitted Basement Below.
67a Friar Gate, Comprises A Two-storey, 3-bed House Which Benefits From A Separate Living Area And Kitchen On The Ground Floor.
The First Floor Comprises 3 Bedrooms, One Having An En-suite, A Family Bathroom And Separate Wc.
Externally, The Dwelling Benefits From A Small Courtyard/garden Located To The Rear Of The Property, Accessed Via The Kitchen.

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About the Agent

Salloway Property Consultants Ltd

See Agent's Other Properties

Investment Unit

£400,000 Freehold

67 & 67A Friar Gate, Derby, DE1 1DJ
Investment - Available
1,297-2,870 sq ft
120-267 sqm
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