Guide price
£1,400,000
(£95.77/sq. ft)
Property for saleVernon House, Vernon Street, Derby DE1
14,618 sq. ft
Freehold
About this property
Offers over £1,400,000
Gross rental income £160,000 from the 6 separate properties
Let and Managed by P & F Commercial
Derby City Centre
Mixed Commercial investment with 1 student House
Derby City Centre mixed investment for sale
Offers over £1,400,000 (no VAT)
erv - £160,000 per annum
Available Size: 2,000 to 14,618 sq ft
Price Auction: £1,400,000
Business Rates: Upon Enquiry
VAT: No VAT on the purchase Price
Legal Fees: The tenant will contribute to the legal fees as part of the auction conditions.
EPC Rating: C (69
1 Vernon street - 5 serviced offices - income £19,585
2 Vernon Street - 4 serviced offices - income £27,300
Vernon House - 9 serviced offices - income £56,748
The Courtyard - Public House - Lease expiry - 13th April 2032 - passing rent £22,500 per annum
Betfred - Lease expiry - 18th September 2026 - passing rent - £21,000 per annum
71 Friar Gate - 2 bedroom student house - Let 24/25 - £13,668 per annum
Location
Derby with an estimated population of 250,000 in the city and surrounding areas has extensive transport links with other areas of the country. The M1 motorway passes about ten miles (16 km) to the east of the city, linking Derby southwards to the London area and northwards to Sheffield and Leeds. Other major roads passing through or near Derby include the A6, A38, A50, A52 (Newcastle-under-Lyme to Mablethorpe, including Brian Clough Way linking Derby to Nottingham) and A61 (Derby to Thirsk via Sheffield and Leeds).
Accommodation
The accommodation comprises the following areas:
Building - 3 Office Buildings 5,000 sq ft
Building - 2 Bedroom Student House 2,000 sq ft
Building - Betfred Investment 2,000 sq ft
Building - Public House Investment 5,618 sq ft
Viewing
Viewing is strictly by prior appointment with the agents P & F Commercial Tel: Or email:
Offers over £1,400,000 (no VAT)
erv - £160,000 per annum
Available Size: 2,000 to 14,618 sq ft
Price Auction: £1,400,000
Business Rates: Upon Enquiry
VAT: No VAT on the purchase Price
Legal Fees: The tenant will contribute to the legal fees as part of the auction conditions.
EPC Rating: C (69
1 Vernon street - 5 serviced offices - income £19,585
2 Vernon Street - 4 serviced offices - income £27,300
Vernon House - 9 serviced offices - income £56,748
The Courtyard - Public House - Lease expiry - 13th April 2032 - passing rent £22,500 per annum
Betfred - Lease expiry - 18th September 2026 - passing rent - £21,000 per annum
71 Friar Gate - 2 bedroom student house - Let 24/25 - £13,668 per annum
Location
Derby with an estimated population of 250,000 in the city and surrounding areas has extensive transport links with other areas of the country. The M1 motorway passes about ten miles (16 km) to the east of the city, linking Derby southwards to the London area and northwards to Sheffield and Leeds. Other major roads passing through or near Derby include the A6, A38, A50, A52 (Newcastle-under-Lyme to Mablethorpe, including Brian Clough Way linking Derby to Nottingham) and A61 (Derby to Thirsk via Sheffield and Leeds).
Accommodation
The accommodation comprises the following areas:
Building - 3 Office Buildings 5,000 sq ft
Building - 2 Bedroom Student House 2,000 sq ft
Building - Betfred Investment 2,000 sq ft
Building - Public House Investment 5,618 sq ft
Viewing
Viewing is strictly by prior appointment with the agents P & F Commercial Tel: Or email:
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Monthly repayment
£7,003 per month
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