35 36 & 37 Market Place
FOR SALE - Prime pitch multi-let investment opportunity within Derby City Centre representing a gross yield of 7.52%.
The subject properties comprise a mid-terraced three and four-storey building, traditionally constructed of traditional, with Nos. 35 and 36 Market Place being Grade II listed buildings. The properties currently generate a combined income circa £41,000 per annum let to the following tenants: - - 35 & 37 Market Place: Let to Hellenic Taste Limited on a 10-year FRI lease (due to service charge) commencing 25th July 2024 at a rent of £23,000 per annum exclusive. Tenant responsible for all windows, doors and shop frontages within the demised area, with annual service charge reviews and a rent review at the fifth anniversary. - 36 Market Place: Let to Feng Chen on a 10-year FRI lease (due to service charge) commencing 2nd December 2016 at a rent of £9,750 per annum exclusive. Tenant responsible for all windows, doors and shop frontages, with annual service charge reviews and a rent review at the fifth anniversary. - First Floor, 35, 36 & 37 Market Place: Let to Georgina Greaves & Sally Tickner-Mellor on a renewed 5-year FRI lease (due to service charge) commencing 1st August 2021 at a rent of £8,200 per annum. This tenant has maintained a presence in the property for over 10 years. The property has also been granted planning permission (2nd April 2025) to covert the second and third floors into a 7-bedroom HMO.
- Address: 35 36 & 37 Market Place, Derby, Derbyshire
- Size: 6029 Sq Ft
- Status: Under Offer
- Tenure: Tenure: Freehold
For Sale £545,000 - Type: Investment / Other / HMO
- Property features
- Offers are invited at £545,000
- Generating a combined gross rent of £41,000 per annum exclusive.
- Planning consent granted for the upper floors to be converted into a 7-bed HMO (23/00687/FUL).
