Offers in region of
£800,000
(£126.38/sq. ft)
Leisure/hospitality for sale48, Bedford Street, Derby DE22
6,330 sq. ft
About this property
A substantial Victorian building comprising 9 self-contained flats situated on a site of approximately 0.29 acres with development potential to the rear (STP).
Total Site Area (approx.) 0.12 hectares / 0.29 acres
Fully let with passing rent of £70,020 per annum exclusive (scope for rental increase).
The property comprises a substantial threestorey Victorian building of solid brick construction beneath a pitched tiled roof. The property has subsequently been extended to the side and rear through similar constructions with pithed tiled / flat roofs.
Internally there are mix of one, two and three bed flats over three floors. The flats contain a traditional specification with carpeted /laminate floors, painted plastered walls and ceilings, fluorescent lighting and electric/gas fired radiators.
The property is situated on a site of 0.29 acres an benefits from development potential to the rear of the site (STP).
Whilst planning permission has not been formally sought, a draft scheme has in the past been prepared by an architect for a rear two
storey extension which has been considered to have realistic potential.
Passing rent - £70,020 per annum exclusive. A tenancy schedule is available from the agent on request.
Location
The property is located in a popular residential location on Beford Street approximately one mile west of Derby City Centre, accessed from Uttoxeter New Road or St Albans Road. The property is located on the west side of Bedford Street.
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