* Freehold
* Traditional two - storey mid - terrace on Osmaston Road, situated approximately 3 miles south of Derby City Centre
* Neighbouring occupiers include Costa Coffee, Boots, Nationwide, Heron Foods and Subway
* Let to the world's largest independent cancer research organisation, Cancer Research UK
* Rental income of £15, 000 per annum, reflecting only £19. 88 psf (assuming £5 psf on the first floor)
* Offers in the region of £175, 000 (One Hundred and Seventy - Five Thousand Pounds). A purchase at this level reflects a net initial yield of approximately 8. 4% assuming usual purchaser costs.
Fantastic opportunity to purchase a retail unit occupied by Cancer Research
UK, situated on a busy shopping parade with neighbouring businesses including
Costa Coffee, Boots, Nationwide, Heron Foods and Subway.
**Summary - **
\ - Freehold
\ - Situated approximately 3 miles south of Derby City Centre
\ - Neighbouring occupiers include Costa Coffee, Boots, Nationwide, Heron Foods
and Subway
\ - Traditional two - storey mid - terrace on Osmaston Road benefiting from two
hours free parking to the front of the property
\ - Let to the world's largest independent cancer research organisation, Cancer
Research UK
\ - 15 year lease from December 2010.
\ - Rental income of £15, 000 per annum, reflecting only £19. 88 psf (assuming £5
psf on the first floor)
\ - Offers in the region of £175, 000 (One Hundred and Seventy - Five Thousand
Pounds)
\ - A purchase at this level reflects a net initial yield of approximately 8. 4%
assuming usual purchaser costs.
** _Lease summary_ \ - **
The retail unit is currently occupied by Cancer Research UK, the world's
largest independent cancer research organization. Founded in February 2002,
Cancer Research UK occupy the property by way of a 15 years lease from the
20th December 2010. The passing rent is £15, 500 per annum with the tenant not
triggering the break clause in December 2020. The lease is drafted on Fri
terms and expires on the 19th December 2025. The rent is paid on the following
quarterly dates: 25th March, 24th June, 29 September and 25th December.
** _Location_ \ - **
The property is located on Osmaston Road in Allenton, a small suburb of the
City of Derby, approximately 3 - miles south of Derby City Centre. The busy
shopping parade tenants local and national businesses such as Costa Coffee,
Boots, Nationwide, Heron Foods and Subway.
Allenton is commonly known for its Spider Bridge, an elevated pedestrian
walkway which was built in 1971, allowing pedestrians to cross a busy outer
ring road adjacent to Osmaston Road. The nearest train station is
approximately 2. 2 miles away with East Midlands airport being approximately
8. 6 miles away.
** _Description_ \ - **
The traditional two - storey mid - terrace is of a red brick structure with pebble
dashing and a glazed frontage to the ground floor. Two hours free parking is
available to the front of the property with the nearest bus stop being
adjacent to the retail unit.
The building extends to a Net Internal Area (NIA) of 1, 076. 2 Sq Ft (99. 98 Sq
M), of which excludes the outbuilding to the rear. Internally, painted walls
and baseboard trimming are throughout with the shop floor featuring suspended
ceilings and fluorescent light fixtures. Storage rooms, kitchenette and W/C
facilities are available towards the rear of the ground and first floor with
different flooring designs including laminated and carpeting.
The yard area extends to approximately 498. 76 Sq Ft (46. 34 Sq M), excluding
the outbuildings, allowing for off road parking with additional customer
parking available to the rear.
For more information, please see the attached brochure or contact the relevant
agents.

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