BB&J Commercial are excited to bring to market a standout mixed-use investment opportunity at 870 Osmaston Road, Derby, a well-maintained two-storey property offering reliable income and future rental growth.
Comprising a ground floor retail unit, currently let to a long-established Funeral Directors, and a self-contained one-bedroom apartment on the first floor, the property offers a reversionary gross yield of 10.13% once fully let.
- Current Passing Rent: £15,000 per annum
- Reversionary Rent: £22,800 per annum (when fully let).
- Guide Price: £225,000 for the freehold subject to the existing tenancy.
Strategically positioned in Allenton, a bustling suburb just three miles from Derby City Centre, the property benefits from excellent passing footfall and visibility. The surrounding area is home to a vibrant mix of national and independent retailers, including Birds Bakery, Boots, Heron Foods and the Co-operative.
The ground floor comprises a welcoming reception area with office and ancillary accommodation to the rear, while the first-floor comprises a vacant one-bedroom apartment with a potential rental income at around £650 pcm once let.
With strong transport links and close proximity to the outer ring road, this opportunity suits seasoned investors and those looking to expand their portfolio with a secure and versatile property in a high-demand location.
For further details or to arrange a viewing, contact Mark Richardson or Cameron Godfrey at BB&J Commercial.
Download the full brochure and see more here.
