Suites 1-5, 6 & 7 Prosperity House, Gower Street, Derby, DE1 1SB
£500,000+
Investment
Key Features
- A Business Centre of three self contained suites producing £64,500 pax being offered on a 999 year Long leasehold basis
- A high yielding (12.9% gross) city centre investment property
- Let to Capita, Juniper Training and Staffline
Part of the
12 December 2024
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a high yielding city centre investment property comprising a Business Centre of three self contained suites, fully let with a total current rent reserved of £64,500 pax
- Prosperity House is an 8 storey mixed used tower block
- A ground floor Business Centre (3 well appointed suites)
- Above are 147 apartments (Sold Off and not included)
- Located in the St Peter's Quarter of Derby City Centre
- A short walk from the Derbion Shopping Centre
- Pay & Display/contract parking close by off Babington Lane
- Excellent transport links, a short distance from Train Station
- Capita (unit 1-5) - let on a lease to 2028 at £12,000 pax
- Juniper Training (unit 6) - let on a lease to 2027 at £26,500 pax
- Staffline (unit 7) - let on a lease to 2027 at £26,000 pax
- Total current rent reserved of £64,500 pax
- All suites are well appointed with kitchenette and WC facilities
- Allocated parking (refer to legal pack)
- High levels of glazed frontage onto Gower Street
- A rare opportunity to acquire a high yielding investment opportunity
Contact Auction Estates on 0115 7844600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Offered For Sale on a 999 year long leasehold basis at a peppercorn rent. Fully let with tenancies to Capita, Juniper Training and Staffline with a total current rent reserved of £64,500 pax
Refer to Legal Pack
Email: matthewmaiden@bannerjones.co.uk
Telephone: 01623 675805