Derby Training Centre

• Rare opportunity to acquire a prominent single let highly reversionary warehouse and office investment in an established location with trade counter potential.
• Located in Derby on the corner of Ascot Drive and Sandown Drive in the popular Osmaston Park industrial estate south of Pride Park.
• Refurbished warehouse and offices extending to 18,815 sq ft on a generous site of 1.35 acres providing a low developed density of 32%.  The property is used to provide training courses for a range of trades.  
• Currently let to Develop Training Limited on a lease which expired on 14th July 2023. The tenant is holding over. 
• Current passing rent of £82,500 per annum, which equates to £4.38 per sq ft and is considered highly reversionary to around £131,700 per annum equating to £7.00 per sq ft.
• Freehold

Offers in the region of £1,200,000 (One Million Two Hundred Thousand Pounds) reflecting a net initial yield of 6.4%, reversionary yield of 10.3% assuming purchaser’s costs of 5.9% and a low capital value of £63.78 per sq ft.