SMALL FREEHOLD INVESTMENTS DERBY ROAD, NOTTINGHAM

Investment News

Acting on behalf of our retained clients, Lancaster Properties and Developments Limited, FHP are pleased to announce they have now concluded negotiations for the sale of the long leasehold interest in the parade of shops known as 48 – 60 Derby Road, with the exception of 58 Derby Road.

Smalley’s the Outfitters, No. 54, was sold some time ago.  The lot sizes for these units range from £112,000 up to £190,000 depending on the size and rents payable.

These little investments proved attractive to individual SIPP’s, Private Property Companies and individuals themselves as they provide an opportunity to acquire a good well let investment, close to Nottingham City Centre at a realistic price.

The yield profiles range from 8.5% to 9%. 

Noel Roper of FHP commented:-

“Clearly parties with money in the Bank are earning very little interest and this is an opportunity to generate a far greater return and at the same time acquire an asset which if inflation increases should appreciate in value.”

The last remaining unit, 58 Derby Road, is let to Welch The Florist, a company established in Long Eaton in 1920.  They took occupation of these premises a few years ago.  The current rent of £14,000 per annum is subject to review in 2015 and 2018.  Offers are sought at a figure of £157,500 to show 8.62% after costs.

For further information on investment properties please contact Noel Roper.

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