85-89 King Street, Derby DE1 3EE
BTG Eddisons Property AuctionsBTG Eddisons brings together surveyors, agents, auctioneers and consultants under one roof. A team of 450, working seamlessly together to deliver value for clients across property, business and the public sector.
Read more Read moreThis freehold detached mixed-use property is located in the heart of Derby, near the Five Lamps area and within walking distance of the city centre and Friar Gate. The property has been recently renovated in 2022/23 and generates a combined gross rental income of £58,000 per annum, representing 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, while the upper floors comprise five apartments: one one-bedroom flat, one two-bedroom flat, one duplex two-bedroom flat, another one-bedroom flat, and a second duplex two-bedroom flat. The property includes a communal ground floor entrance and separate meter cupboards for the apartments, all of which are on individual AST contracts. Additionally, there is a block-paved hard standing area at the rear. The property benefits from excellent road network connections to Pride Park, A52, and the M1 Motorway.
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