Commercial property for sale in 826 Osmaston Road, Derby, Derbyshire DE24

Fantastic opportunity to purchase a retail unit occupied by Cancer Research UK, situated on a busy shopping parade with neighbouring businesses including Costa Coffee, Boots, Nationwide, Heron Foods and Subway.

Summary -

- Freehold
- Situated approximately 3 miles south of Derby City Centre
- Neighbouring occupiers include Costa Coffee, Boots, Nationwide, Heron Foods and Subway
- Traditional two-storey mid-terrace on Osmaston Road benefiting from two hours free parking to the front of the property
- Let to the world's largest independent cancer research organisation, Cancer Research UK
- 15 year lease from December 2010.
- Rental income of £15,000 per annum, reflecting only £19.88 psf (assuming £5 psf on the first floor)
- Offers in the region of £175,000 (One Hundred and Seventy-Five Thousand Pounds)
- A purchase at this level reflects a net initial yield of approximately 8.4% assuming usual purchaser costs.

Lease summary -

The retail unit is currently occupied by Cancer Research UK, the world's largest independent cancer research organization. Founded in February 2002, Cancer Research UK occupy the property by way of a 15 years lease from the 20th December 2010. The passing rent is £15,500 per annum with the tenant not triggering the break clause in December 2020. The lease is drafted on Fri terms and expires on the 19th December 2025. The rent is paid on the following quarterly dates: 25th March, 24th June, 29 September and 25th December.

Location -

The property is located on Osmaston Road in Allenton, a small suburb of the City of Derby, approximately 3-miles south of Derby City Centre. The busy shopping parade tenants local and national businesses such as Costa Coffee, Boots, Nationwide, Heron Foods and Subway.

Allenton is commonly known for its Spider Bridge, an elevated pedestrian walkway which was built in 1971, allowing pedestrians to cross a busy outer ring road adjacent to Osmaston Road. The nearest train station is approximately 2.2 miles away with East Midlands airport being approximately 8.6 miles away.

Description -

The traditional two-storey mid-terrace is of a red brick structure with pebble dashing and a glazed frontage to the ground floor. Two hours free parking is available to the front of the property with the nearest bus stop being adjacent to the retail unit.

The building extends to a Net Internal Area (NIA) of 1,076.2 Sq Ft (99.98 Sq M), of which excludes the outbuilding to the rear. Internally, painted walls and baseboard trimming are throughout with the shop floor featuring suspended ceilings and fluorescent light fixtures. Storage rooms, kitchenette and W/C facilities are available towards the rear of the ground and first floor with different flooring designs including laminated and carpeting.

The yard area extends to approximately 498.76 Sq Ft (46.34 Sq M), excluding the outbuildings, allowing for off road parking with additional customer parking available to the rear.

For more information, please see the attached brochure or contact the relevant agents.