Chapel Side, 7 Chapel Street, Spondon, Derby, Derbyshire

Description

The subject property comprises a ground floor retail unit currently occupied by Aroma Café who currently have a 19 year full repairing and insuring lease which commenced 20th January 2008 at a figure of £10,500 per annum with a rent review every 3 years.

The retail space has been well fitted out with wooden panel flooring, painted plastered walls and ceilings with an attractive shop frontage. To the rear the property also includes additional store room and WC facilities.

Additionally, the property benefits from one dedicated parking space to the rear accessed via Strathaven Court.

Key features

• Total rent roll of £10,500 per annum.
• An active lease of 19 years commencing in January 2008 which includes a rent review every 3 years.
• Fantastic investment opportunity within Spondon reflecting a gross yield of 7%.
• Offers in excess of £150,000 for the Freehold