This property is no longer on the market
Office
Property description & features
- Tenure: Freehold
For sale is a freehold commercial property that consists of 2 large buildings located in Castle Donnington Derby
1)White building is steel structure with wooden cladding (fully renovated)
2)Brick building (Derelict)
Currently in white building 4 offices are rented out at £550 per month bringing in £2200 per month,
So total rent for white building £2200 per month.
White building has just been renovated top to bottom, new roof new windows and doors, new floors and walls, new cladding. Everything renovated top to bottom
Each office is self contained with own kitchenette and own toilet. (So easy to rent out)
Car park fully tarmacked recently
The 4000 square foot size is the size of all floors of both buildings. The car park size is on top of this.
Orange brick building derelict and needs full renovation. Has planning for 4 more offices (see attached photos for drawings and full granted planning permission) that will bring in another £2200 per month rent
Planning reference 21/00939/FUL North West Leicestershire District council
Any builders buying this property approx cost for orange brick building will be £50,000 to repair, i.e renovate into four offices to bring in £2200
Any non builder buying this property approx cost for orange brick building will be £100,000 to repair and renovate into four offices to bring in £2200..
So when both buildings are let out this property will bring about 9 to 10 % return on investment which is normally the highest rate in rental income…...
For viewing arrangement, please get in touch with 99home.
If calling, please quote reference: 12677
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*Virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor/landlord, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you choose to make an offer based solely on a virtual viewing, then 99Home Ltd does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content.
AML: To comply with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, AMLTeam.co.uk , who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 per buyer, payable direct to AMLTeam . Please note, we are unable to issue a memorandum of sale until the checks are complete.
REFERRAL FEES We may suggest reputable providers of supplementary services, such as Conveyancing, Financial Services, Insurance, and Surveying. If you choose to utilize their services based on our recommendation, we may receive a commission payment or another form of benefit, referred to as a referral fee. It's important to note that you are not obligated to engage with the services of the recommended provider.
*Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
*General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
*99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Additional Information
Council Tax band: F
Places of interest
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Property reference 12677_EAF_130082. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by 99home - Wembley.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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