£160,000
(£227.27/sq. ft)
Property for sale87 Sitwell Street, 87 Sitwell Street, Spondon, Derby DE21
704 sq. ft
About this property
Investment
Birds Bakery sale & leaseback investment opportunity within established Derbyshire suburb
Mixed retail and residential investment opportunity within the heart of Spondon town centre
The property will be let on a 10 year lease inside the Act with a 5th year rent review at a rent of £9,300 per annum. There will be a tenant option to break at the end of the 3rd and 6th year subject to not less than 6 months notice in writing.
1 x 3 bedroom maisonette let at £6,000 pa
Nearby occupiers include Co-op, Jennings Bet, Mark Davis Opticians, The Garden Caf and Hall & Benson Estate Agents
Offers invited at £160,000, which represents a net initial yield of 9.33% with assumed purchasers costs of 2.54%
Birds Bakery sale & leaseback investment opportunity within established Derbyshire suburb
Mixed retail and residential investment opportunity within the heart of Spondon town centre
The property will be let on a 10 year lease inside the Act with a 5th year rent review at a rent of £9,300 per annum. There will be a tenant option to break at the end of the 3rd and 6th year subject to not less than 6 months notice in writing.
1 x 3 bedroom maisonette let at £6,000 pa
Nearby occupiers include Co-op, Jennings Bet, Mark Davis Opticians, The Garden Caf and Hall & Benson Estate Agents
Offers invited at £160,000, which represents a net initial yield of 9.33% with assumed purchasers costs of 2.54%
Mortgage calculator
Monthly repayment
£800 per month
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