Derby is a principal city within the East Midlands where the local economy is strongly underpinned by major employers Rolls Royce Aero Engines, Bombardier and Toyota, all of which are investing further in their plants.
Prominent location on the A5111 Derby ring road (Osmaston Park Road) adjacent to a 89,739 sq ft (8,337 sq m) Sainsbury's foodstore.
The unit totals 106,336 sq ft (9,879 sq m).
495 car parking spaces (part shared with Sainsbury's), offering an excellent car parking ratio of 1:215 sq ft (1:20 sq m).
Let to B&Q for an unexpired term in excess of 10 years.
Low passing rent of £13.64 per sq ft (£147 sq m).
Our clients are seeking offers in excess of £21,000,000 (Twenty One Million Pounds), subject to contract and exclusive of VAT. A purchase at this level provides a net initial yield of 6.47%, net of acquisition costs of 6.75%.