Property Information
Address:
16 & 18 Lloyd Street, Derby, Derbyshire
, DE22 3ET
, Derbyshire
, United Kingdom
Price: Buy: POA
Size: 4070 sq ft378 sqm
Primary Category: Commercial Property
All Categories:
Property Ref/Movehut: MH686681
Property Ref/Agent: 7612
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: April 28, 2024
Property description
The opportunity comprises a 1900s two-storey four-bedroom end-terraced residential property fronting Lloyd Street with the rear property comprising a 1950s two-storey industrial unit accessed via the under croft.
The residential property comprises a traditional solid brick wall building beneath a pitched tiled roof and is currently unoccupied with the potential for HMO re-development. The industrial property to rear comprises a steel portal frame with solid brick and block walls beneath a pitched corrugated steel roof which is currently leased at £650 per calendar month (£7,800 per annum exclusive) on full FRI lease terms for 5 years commencing the 1st July 2022.
Location
The subject properties are located on Lloyd Street toward the west periphery of Derby's inner city centre approximately 0.9 miles to the city centre itself.
The locality is predominantly residential but also offers several commercial uses close to the city. However, the site does benefit from good road communications via Ashbourne Road and Uttoxeter New Road to Derby's ring road, with junction 25 of the M1 approximately 8 miles to the east and the A38 approximately 8.5 miles to the west.
Accommodation
The accommodation has been measured on a Gross Internal Area basis in accordance with the RICS Code of Measuring Practice (6th Edition):
Gross Internal Area:
4,070 sq ft / 378.1 sq m
Planning
We understand that the property has planning consent for use class E and use class C3.
All planning information should be confirmed with the local authority.
Services
It is our understanding that all mains services are connected to the property.
Rates
The property is listed on the Valuation Office website as having the following rateable value:
Store & Premises: £7,600
Legal Costs
Each party are to bear their own legal costs in connection with this transaction.
VAT
It is out understand that VAT is not applicable to this property.
All figures are quoted exclusive of VAT.
Viewing
Viewing is strictly via appointment with sole agent BB&J Commercial.
Extending to approximately 4,070 sq ft / 378.1 sq m
The rear garage unit currently has an active FRI lease of 5 years commencing the 1st July 2022 at £7,800 per annum with an option to break with three month written notice from the tenant.
Available to purchase subject to the existing tenancies at offers in excess of £275,000.
Offers in excess of £275,000.
;