67 & 67A Friar Gate, Derby, Derbyshire

Description

The premises comprise a mixed-use brick and slate-built period building with display windows to the ground floor laundrette and timber framed windows to the remaining accommodation.
Internally, the building provides a laundrette to the left-hand corner (67 Friar Gate) of the building with a 3-bed house to the ground and first floor of the right-hand section of the property (67A Friar Gate).
67 Friar Gate, provides a single storey, corner position, retail unit benefitting from single glazed display windows fronting both Brick Street and Friar Gate.
The ground floor of the building is currently utilised as a laundrette with useful fitted basement below.
67A Friar Gate, comprises a two-storey, 3-bed house which benefits from a separate living area and kitchen on the ground floor.
The first floor comprises 3 bedrooms, one having an en-suite, a family bathroom and separate WC.
Externally, the dwelling benefits from a small courtyard/garden located to the rear of the property, accessed via the kitchen.

Key features

• Freehold Investment opportunity consisting of a newly let laundrette and a 3-bed fully let house.
• Combined income of £35,472 per annum.
• Highly visible city-gateway location.
• High-density residential area including large student population.
• Net Initial Yield of 8.51%.
• No VAT payable.