1 -2 Sadler Gate Bridge, Derby, DE1 3NL

Property Information

• Fully let and income producing for the next academic year up to July 2025
• Prominent position on Sadler Gate in Derby City Centre
• Recently renovated in 2020
• Rental increase of 18% over the past three years
• The studios have been fully let since completion of the conversion in 2021.  There is a shortage of modern studios in the area which is reflected in the rental uplift of the past 3 years.
• 2022/2023 total income of £54,900 per annum
• 2023/2024 total income of £57,720 per annum
• 2024/2025 total income of £65,115 per annum
• Retail unit let to Social Moody Ltd producing £12,600 per annum. Let on a 3 year term from July 2024
• Price – £650,000 to show a gross initial yield of 10.00%

Reference No: 10899