Marketed by
FHP
Nottingham
10 Oxford St, Nottingham NG1 5BH, UK
Available
1 of 4
£160,000
87 Sitwell Street, 87 Sitwell Street, Spondon, Derby, Derbyshire, DE21 7FH
704 sq. ft (65.4 m²)
Description
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- Mixed retail and residential investment opportunity within the heart of Spondon town centre
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- 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.
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- 1 x 3 bedroom maisonette let at £6,000 pa
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- Nearby occupiers include Co-op, Jennings Bet, Mark Davis Opticians, The Garden Café and Hall & Benson Estate Agents
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- Offers invited at £160,000, which represents a net initial yield of 9.33% with assumed purchaser’s costs of 2.54%
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Reference: 93028
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Marketed by
FHP
Nottingham
10 Oxford St, Nottingham NG1 5BH, UK
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