Retail premises for sale in Bath Street, Ilkeston DE7

6.9% yield! Freehold investment opportunity. Currently producing £12,500 pa on a Fri lease to the British Heart Foundation. 148.37sqm (1598sqft) of internal space over three floors with parking to rear.

An opportunity has arisen to purchase A three storey commercial building of 148.37sqm (1598sqft) as an investment currently producing £12,500 per annum exclusive a 6.9% yield.

Located on a prime pedestrianised high street in the busy Derbyshire market town of Ilkeston, lying between the two major cities of Derby and Nottingham. The town centre has a good mix of national and independent retailers, as well as a variety of service industries such as cafes, bars, restaurants, etc with plenty of public car parking, good public transport links and a recently open train station.

The building itself has accommodation over three floors with an open plan ground floor retail space of approximately 58.44sqm (629sqft) with a similar office and staff facilities of 56.11sqm (604sqft) to the first floor and approximately 33.82sqm (365sqft) of storage space to the second floor which totals148.37sqm (1598sqft). The building fronts the pedestrianised boulevard and to the rear benefits from a loading bay and parking for 3-4 vehicles, and is adjacent to a public carpark.

Currently let by the British Heart Foundation who have occupied the property since 1999 and are currently on a renewed lease which is due to expire October 2024. It is expected that the tenant will wish to remain beyond this date, subject to conversations and negotiations nearer the time.

A great retail investment opportunity. For more information, or to view, please contact or email .

Ground Floor

58.55sqm (629sqft) - currently used for retail purposes only.

First Floor

56.11sqm (604sqft) - currently used as work space and storage with kitchenette and staff toilet facilities.

Second Floor

33.82sqm (365sqft) - offering two storage rooms.

Tenure

Freehold is subject to a lease to British Heart Foundation Company Registration No. 00699547

Lease

From the 27th October 2014 with rent passing of £12,500 pa exclusive and is drawn on full repairing and insuring terms.

Tenant Profile

British Heart Foundation : Company No. 00699547. One of the UK's leading charities which has been in existence for over 60 years with a strong financial profile. An income as of 31st March 2022 of £150 million and cash in bank and in hand of £126 million as of 31st March 2022.

Viewing

As the property is occupied, and to minimise disruption of the tenant, all interested parties must make representation to the Agent.

A three storey commercial building currently let by the british heart foundation producing £12,500 pa exclusive - 6.9% plus VAT.