26/26a Cottonbrook Road, Sir Francis Ley Industrial Estate, Derby, DE23 8YL

The properties are of steel portal framed construction. Elevations are of cavity brick and blockwork to approximately 2m, surmounted by lined and insulated profile steel cladding under a similarly clad roof incorporating approximately 10% translucent light panels.

The units have a solid concrete floor slab throughout and a minimum eaves height of 5.5m. To the front of the units is a tarmacadam shared parking area with space for up to 8 vehicles per unit. The site is fenced and gated.

The properties are located on the established Sir Francis Ley Industrial Estate at Cottonbrook Road, close to its junction with Osmaston Road. Osmaston Road is a busy arterial route providing easy access to the A511 outer ring road, allowing rapid road communication between the inner and outer ring roads to the south of Derby City Centre.

Electricity, water and mains drainage are evident within the units, but we can provide no warranty with regard to their capacity or connectivity.

EPC rating of 88 falling within Band D.

Charging Authority: Derby City Council
Description: Warehouse & premises
Period: 2023/24
26 Cottonbrook Rd: £17,750
26A Cottonbrook Rd: £21,000

Freehold subject to and with the benefit of the occupational leases.

Offers are invited in excess of £700,000 which reflects a net initial yield of 6.38%, having allowed for 5.30% purchasers costs.

VAT is applicable to the price at the prevailing rate. The transaction will be treated as a TOGC for VAT purposes.

Each party will be responsible for their own legal costs incurred in documenting the transaction.

In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.