85-89 King Street, Derby DE1 3EE
Pugh & Company LimitedPugh & Co is a leading UK auction house specializing in residential, commercial, and development properties. With monthly online auctions, expert advice, and a strong sales track record, they offer flexible, innovative, and eco-conscious property solutions.
Read more Read moreThis freehold mixed-use property is situated in a central location in Derby, recently renovated in 2022/23. It generates a combined gross rental income of £58,000 per annum, reflecting an 11.2% return based on the guide price. The ground floor features a commercial unit currently occupied by a hair salon on a three-year FRI lease, commencing on September 2, 2024, and ending on September 1, 2027. The property includes a communal entrance leading to five residential flats: one one-bedroom flat, two two-bedroom duplex flats, and two additional one-bedroom flats, all under individual AST contracts. To the rear, there is a block-paved hard standing area. The property is located near the Five Lamps area, within walking distance to the city centre and Friar Gate, with convenient access to major road networks including Pride Park, A52, and the M1 Motorway. No VAT is payable.
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