Property Information
Address:
30-31 Friar Gate, Derby, Derbyshire
, DE1 1BX
, Derbyshire
, United Kingdom
Price: Property no longer available.
Size: 3885 sq ft361 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH649754
Property Ref/Agent: 7740
*Please use the agent ref when calling the agent directly.
Property description
The property comprises a late 19th Century Grade II listed building with a rear courtyard.
Works completed in August 2019 to convert and extend the property to a high specification to provide 8 self-contained studio flats over the first and second floors and a self-contained ground floor retail unit.
In addition there is a two-storey new build in the rear courtyard providing a further 4 self-contained studio flats.
Each studio includes an open plan bedroom with a small kitchenette and separate en-suite shower room.
There is a shared laundry within the communal areas.
The recently refurbished ground floor retail unit provides an open plan area with a kitchen and w.c. to the rear.
Net initial yield of 7.7%
12 Self-contained studio flats fully let at £86,840 per annum
Guaranteed 12 month income on retail unit of £15,000 pa
Located adjacent University of Derby Law School
;