87 Sitwell Street, Spondon, Derby, DE21 7FH

Property Information

• Mixed retail and residential investment opportunity within the heart of Spondon town centre
• 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.
• 1 x 3 bedroom maisonette let at £6,000 pa
• Nearby occupiers include Co-op, Jennings Bet, Mark Davis Opticians, The Garden Café and Hall & Benson Estate Agents
• Offers invited at £160,000, which represents a net initial yield of 9.33% with assumed purchaser’s costs of 2.54%

Reference No: 11916