Investment property

An opportunity to acquire a retail investment property let to Best Shop located in the heart of Ilkeston town centre, offering a current rent reserved of £9,600 per annum. The property occupies a prominent position within an established retail parade directly opposite Ilkeston Market Place. Nearby national and regional occupiers include Snap Fitness, Lloyds, and Hogarths. The location benefits from close proximity to multiple town centre pay-and-display car parks and is situated adjacent to a bus stop serving surrounding areas. The accommodation comprises a ground floor retail unit providing an open-plan sales area, staff kitchen, staff toilet, and a stock room. The unit further benefits from double-glazed frontage onto South Street, with a total floor area of circa 1,227 sq ft. The property is offered for sale on a new 999-year long leasehold (virtual freehold), and is let on a 15-year lease from 31st July 2019. This represents an ideal high-yielding investment opportunity for investors.