Freehold block of 108x studios plus ground floor retail unit for sale ideally located in the heart of Derby city centre at around 9.5% gross yield.
Offered with VP or pre tenanted with international students.
estimated completion is Sept 2021.
Building will be fully refurbished to a high specification and be sold as an investment or with vacate possession. All units are self contained studios.
· Upper floors – 108 self contained studios
· Ground floor – 6,000 sq feet retail with a letting already pre arranged at around £50k pa.
Estimated income summary: £810k pa for 108x studios plus £50k pa retail ie £860k pa.
Forward purchase options on buying:-
1 forward funding and we would pay interest on the amounts funded
2 exchange contracts now with a view to completing in sept when the scheme is complete.
Seller can offer a 12 month rental guarantee with these options hence de risking the purchase.
Offered at : GBP 9M (Freehold) reflecting a 9.5% gross yield
or at a lower price with VP.
