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Alvaston, Derby DE24 Mixed use for sale
Alvaston, Derby DE24
£175,000
Alvaston, Derby DE24
£175,000
Our Summary
- Property Overview:A fantastic investment opportunity offering a fully let, mixed-use property located just off the main high street in Alvaston, Derby, close to Tesco and other local amenities
- 6% (purchase price £175,000)- Opportunity to further enhance income by letting the rear unit separatelyDevelopment Potential:The freestanding rear unit offers scope for additional income generation, subject to tenant demand and minor adaptations, making this an even stronger investment over time
- Summary:A cash-generating investment property in a highly sought-after area of Derby, offering immediate income and future growth potential
- Potential To Increase Rental Income
Description
This fantastic investment opportunity in Alvaston, Derby, offers a fully let mixed-use property with a ground floor self-contained commercial unit and a first-floor one-bedroom apartment. The commercial unit is newly let to a well-established local takeaway, generating £600 per month, while the residential apartment is let on an AST to a long-term tenant, producing £650 per month. The combined annual rental income is £15,000, resulting in a net yield of circa 8.6% based on a purchase price of £175,000. The property also features a large freestanding unit at the rear, offering further letting potential, and is situated in a high-demand location for both commercial and residential lettings. With the potential to further enhance income by letting the rear unit separately, this property presents a solid addition to any portfolio, offering immediate income and future growth potential.