House · DE1 2SU
Listing removedListed 167 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Commercial Property To Let Property Options Estate Agents are delighted to offer this commercial property for rent, situated on a prominent location on London Road, Derby.
The property offers excellent potential for a variety of commercial uses (subject to planning permission). Available on a new lease term to be agreed.
London Road, Derby, DE1 2SR Description A prominent ground floor premises with A1 uses located on the busy London Road. The premises is available in a shell & core specification with a shop front.
There may be further potential to divide the premises. Amenities Prominent location. Vacant New Lease A1 retail uses. Accommodation Ground Floor Main area - 116 Sq M.
(1249 Sq Ft) Store 1 - 15.89 Sq M (171 Sq Ft) Store 2 - 24.62 Sq M (265 Sq Ft) Store 3 - 13.41 Sq M (144 Sq Ft) Total. Approx - 170 Sq M (1830 Sq Ft) sizes (all sizes are approx) Floor area is approx.
1830 sq ft (170 sq m) Terms The premises are available on a new full repairing and insuring lease for a term to be agreed. Planning Planning The premises currently have Class A1.
Prospective tenants are advised to contact the local planning department on to clarify any potential changes of use for the property.
Legal costs Incoming party to bear the landlords legal costs in this matter. Rent The rent is exclusive of business rates, utilities, service charge, building insurance. £19,200 per annum.
Business rates. The billing authority is the Derby City Council.
Rateable Value tba Limitations All sizes are approximate and not to be relied upon for any purposes and we recommend tenants take their own measurements.
We recommend that ingoing tenants investigate all planning matters and uses. Sizes quoted are from historic information and not verified. EPC Asset rating tba and may be completed after fit out works.
Viewings and further information For further information or to arrange a viewing, please contact sole agents Property Options Estate Agents.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About London Road, 159 163, Derby
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