Land for sale in Derby, England, United Kingdom DE72

Ref 7885 – Five Property Portfolio
Blacks Brokers are pleased to bring to the market this five property portfolio located in Derby, Derbyshire.

Introduction

Our client built up this property portfolio between 2013 and 2018. The properties are all located in Derby and all have long term tenants in place, all of whom are due a rent increase in 2022 with no rent increase done previously.

Location

The properties are located in postcode areas DE21 and DE24. All are positioned in sought after residential areas close to a range of local amenities. Derby is well linked by the M1, A6 and A52. The city centre is filled with attractions including Derby Arena, Derby Cathedral and many more.

Reason for sale

The portfolio has been well suited to a hands-on owner but due to our client’s retirement plans, the properties are now offered for sale. This presents an excellent opportunity for an investor to enjoy the benefit of a ready made five property portfolio.

Lease

All properties have long standing tenants in place and the properties generate a combined rental income of £3,240 per calendar month.

Building layout and design

One property is detached, with the other four all being semi detached. Each benefits from off road parking and our client is able to accompany potential buyers on all viewings which will be done with the comfort and convenience of tenants in mind.

Summary

This well established portfolio has been carefully created by our client. Our client has ensured all properties are well maintained with long term tenants in place and are positioned in sought after areas of Derby. There is plenty of scope to develop this portfolio with the addition of further properties and rental increases for all. This proposition is ideal for a new investor looking for an instant portfolio or for another similar business looking for expansion in this area. Early meetings with our client are strongly advised. Business & Property: £1,200,000.

Please quote ref: 7885