Semi-detached house for sale in Derby DE73, 0 Bedroom

Wonderful investment opportunity in the heart of melbourne village centre, to acquire a prominent corner ground floor retail premises of 429 sq ft, currently let and producing a yield of 7%, £10,500pa, New 5 year fr & I lease from 2016 in place.

Perfectly positioned on Derby Road, in the heart of Melbourne village centre, this is a wonderful investment opportunity to acquire prominent shop premises currently trading and let to The Ivory Chapter Bridal Shop. Producing a yearly rental income of £10,500, with a gross yield of 7%, with a recently signed 5 year fr & I Lease from 20th October 2016 . Situated within a historic and prominant Victorian building fronting onto Derby road at its junction with Blanch-croft, the premises occupy a prime retail position, opposite William's yard. Formally one shop, which has skilfully now been split into two, and benefitting from electric panel heaters, and enjoying tea making and toilet facilities, together with a beautifully presented sales area with polished wood floor, an internal fitting room and office and rear kitchen/storage.Outside is a side courtyard with pedestrian access onto Derby Road.

Situated in the heart of Melbourne town centre, perfectly placed opposite Williams Yard and on the corner of Derby Road and Blanch-Croft, ideal for passing trade. Melbourne is a thriving historic town, occupying a most strategic position, lying 8 miles south of Derby and 9 miles from Ashby de la Zouch. There is a comprehensive range of local shops, boutiques and restaurants within the town, together with ease of access to the M1, M42, A50, A38 and East Midland Airport making this the ideal location

tenure and possession Unit B..The Ivory Chapter Bridal Shop - fr & I Lease commencement 20th October 2016, Lease expires 19th October 2022, Rent Review 19th October 2019, Current Rent £10,500

The lease is available on request and is excluded from sections 24-28 of the Landlord and Tenant Act 1954.

VAT Vat is not chargeable in addition to the sales price.

Business rates According to information provided by the Valuation Office Agency website, Unit B has a separate Rateable Value of £5,600.Maybe eligible for small business rates relief please check with South Derbyshire DC