Derby DE22 Mixed use for sale

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Derby DE22 Mixed use for sale

Derby DE22
£1,650,000

Our Summary

  • Freehold Investment Opportunity, Fully Refurbished to a high standard, 19 Bedrooms, High-Yielding Asset

Description

This exceptional 17-bedroom luxury HMO, accompanied by a 2-bedroom coach house, is a prime freehold investment opportunity in the heart of Derby City. The property has been comprehensively refurbished to a high standard, offering 19 self-contained units with private en-suite shower rooms, modern kitchenettes, and workstation areas. Located just half a mile from the city centre, the property benefits from its proximity to shops, restaurants, nightlife, offices, and transport links, ensuring consistently strong tenant demand and excellent occupancy levels. With a gross annual rent of £163,000 and a net annual income of £133,600, the property offers a gross yield of 9.9% and a net initial yield of 8%. This turnkey investment is fully let and income-producing from day one, providing a rare opportunity to acquire a high-income, high-quality HMO investment in the East Midlands.