Investment For Sale Derby
PROPERTY ID: 116096
PROPERTY TYPE
Investment
STATUS
Under Offer
SIZE
610 sq.ft
Key Features
Property Details
The Property The premises comprise a two-storey building believed to be of traditional rendered brick construction beneath a pitched and tile clad roof. The property is occupied by a local ladies and gents hairdressing business. There is an additional brick built single-storey building to the rear which was, until recently, let to a local building contractor as an office and prior to that to a bridal gown retailer. Accommodation The accommodation has been measured on a Net Internal Area (NIA) basis in accordance with the RICS Code of Measuring Practice. Ground floor 320 sq ft (29.73 sq m) First floor 150 sq ft (13.94 sq m) Single storey unit 140 sq ft (13.00 sq m) Measurements and floor areas quoted in these particulars are provided for guidance only and should be verified on site by any interested party. Tenancies 10 The Square The premises were originally let to the current tenant by way of a full repairing and insuring lease for a term of 6 years from 3rd January 2018. The tenant is now wishing to extend the lease for a new 6 year term with an option to break at the end of the third year of the term but otherwise on the same terms as those contained within the original lease. The rent under the new lease will be £9,000 per annum exclusive. 10a The Square The single storey premises are currently vacant but were until recently let on an informal basis at a rental of £180 per month (£2,160 per annum).