Industrial/Warehouse News

FHP are delighted to bring to market 8 – 10 High Street, Somercotes, DE55 4HD. The property is situated on a visible roadside position prominently on High Street in Somercotes, within an established mixed use location comprising retail, warehouse and automotive occupiers. The property is located approximately 2 miles north of Alfreton town centre, 13 miles north east of Derby and 16 miles north west of Nottingham. The location benefits from excellent road connectivity with the A38 dual carriageway situated nearby and Junction 28 of the M1 motorway approximately 3 miles to the west.

The property is let to Easy Autocentres Ltd for a 10 year term expiring October 2034 with a break clause in the fifth year. The lease is situated outside the Landlord & Tenant 1954 Act and there is an upwards only rent review on 31 January 2029

The property is currently let off a low passing rent of £25,500 per annum with the current ERV reflecting £35,000 per annum (£9.00 per ft²).

The property is available on a freehold basis at a price of £400,000 reflecting a net initial yield of 6.14% and a reversionary yield of 8.42%.

Corbin Archer of FHP Property Consultants comments:

“I am delighted to bring to market this excellent investment opportunity which is let to a strong tenant which also has the potential for achieving a rental uplift with a rent review in the fifth year. I expect there to be a lot of interest in the property given there is a lack of investment opportunities for premises in the area.

If you are interested, please give me a call on the information below.”

For further information then please contact Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk

ENDS

Corbin Archer

June 2026

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