6 - 8 Ashbourne Road, Derby

Description

The premises comprise a three-storey brick and slate period building with display windows to the ground floor and timber framed windows to the upper elevations.
Internally, the building provides two retail units set over ground, first and second floors and are provided as follows:
6 Ashbourne Road, provides a ground floor retail unit which is currently being utilised as a café. The space is configured to provide a counter serving area to the front of the property with an adjacent L-shaped dining area with space for approximately 20 dining chairs.
At the rear of the property there is a large kitchen, together with access to a pair of external stores. The stores are capable of being accessed either via the café or independently via the entry off Ashbourne Road.
8 Ashbourne Road, comprises a small ground floor reception area with the majority of the space being provided at first and second floor levels in a series of cellular rooms, accessible via a set of narrow stairs and corridors.
Externally, the property benefits from a small yard to the rear which can be accessed from within 6 Ashbourne Road or independently via the entry leading off Ashbourne Road.

Key features

• Freehold investment opportunity consisting of two retail units generating £20,000 per annum exclusive.
• Highly visible city-gateway location.
• High-density residential area including a large student population.
• Net Initial Yield of 7.78%
• No VAT payable.