>
Alvaston, Derby DE24 Mixed use for sale
Alvaston, Derby DE24
£495,000
Alvaston, Derby DE24
£495,000
Our Summary
- The portfolio includes a combination of residential apartments, a retail shop, and a versatile industrial/storage unit, offering a strong rental income with potential for further uplift
- PORTFOLIO OVERVIEW:Current Rental Income: £30,600 per annumPotential Rental Income: £46,500 per annumGross Yield (at full occupancy): 9
- storage/industrial unit, offering additional income potentialCurrent Income: £15,000 per annum17 Eden Street:Two-bedroom terraced house with a small rear gardenCurrently vacant but would achieve £825 pcm (£9,900 per annum)Available with vacant possession or with tenants in situ116 Brighton Road:Two self-contained flats, each generating £650 pcm (£15,600 per annum total)Large garage/commercial unit & previously a well-established carpet shopPotential redevelopment opportunity STCVersatile space with potential for various business uses with an ERV of £6,000 PAINVESTMENT HIGHLIGHTS:High-demand location strong tenant demand for both residential and commercial unitsDiverse income streams mix of residential, retail, and industrial/storageSignificant income potential, fully let portfolio could generate £46,500 per annumVersatile commercial spaces with scope to enhance rental income furtherThis is a fantastic opportunity for investors looking for a well-located, income-generating asset with excellent potential for growth
- Investment Opportunity
- Potential Redevelopment Opportunity STC
Description
This mixed-use investment portfolio in Alvaston, Derby, comprises three separate locations, including residential apartments, a retail shop, and an industrial/storage unit. The portfolio currently generates £30,600 per annum in rental income, with potential to increase to £46,500 per annum, offering a gross yield of 9.3%. The properties include a one-bedroom apartment with a retail unit and storage space, a two-bedroom terraced house, and two self-contained flats, as well as a large garage/commercial unit with redevelopment potential. The portfolio offers a diverse range of income streams and opportunities for growth, making it an attractive investment opportunity for those looking for a well-located, income-generating asset.