87 Sitwell Street, Spondon, Derby, DE21 7FH
Birds Bakery sale & leaseback investment opportunity within established Derbyshire suburb
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65.39m² (704ft²)
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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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Find out more
For more details and to arrange a viewing
contact our specialist agents: |
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Not what you’re looking for? |
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