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Office for sale

1,529 sq. ft*

Property description

Investment

Income producing student accommodation and office investment in City Centre location

Fully let and income producing for the next academic year up to July 2025

Prominent position on Sadler Gate in Derby City Centre

Recently renovated in 2020

Rental increase of 18% over the past three years

The studios have been fully let since completion of the conversion in 2021.Â There is a shortage of modern studios in the area which is reflected in the rental uplift of the past 3 years.

2022/2023 total income of Â£54,900 per annum

2023/2024 total income of Â£57,720 per annum

2024/2025 total income of Â£65,115 per annum

Retail unit let to Social Moody Ltd producing Â£12,600 per annum. Let on a 3 year term from July 2024

Price - Â£650,000 to show a gross initial yield of 10.00%

Property info

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by FHP, and do not constitute property particulars. Please contact FHP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.