Investment Consideration:
Gross Initial Yield: 6. 65%
Rental Income: £7, 250 p. a.
VAT is not applicable to this property
Comprises ground floor retail shop t/a beauty salon
Situated in predominantly residential area within 1 mile from Belper Town
Centre.
Property Description:
Comprises ground floor shop t/a beauty salon, which forms part of an
established retail parade and provides the following accommodation and
dimensions:
Retail Shop: 46. 40 sq m (499 sq ft)
Open plan retail, Kitchenette, WC, Storage
Tenancy:
The property is at present let to an Individual for a term of 5 Years from
14th September 2022 at a current rent of £7, 250 p. a. And the lease contains
full repairing and insuring covenants. Rent review on 14th September 2025 to a
higher of open market value or rpi linked (uncapped).
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground
rent of peppercorn.
Location:
The market town of Belper lies 9 miles north of Derby, on the edge of the Peak
District. The town is located on the A6 and is some 15 miles west of Junction
26 of the M1 Motorway. The property is situated in a predominantly residential
area on the east side of Hayfield Close, at its junction with Ladywood Avenue.

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