K M A Mobility, 148 Bath Street, Ilkeston | Property for sale | Savills
1,686 to 1,686 sq ft(156.63 to 156.63 sq m)
Asking price £185,000($317,126)

K M A Mobility148 Bath Street, Ilkeston

  • New
  • Sole agency
  • Freehold
Investment
1,686 sq ft (156.63 sq m)
Yield 8.5%Yield

Key features

  • Double fronted retail unit with excellent roadside frontage
  • Fully let for a 10 year term commencing 16/07/2023 at a passing rent of £16,000
  • Previous planning consent to convert the first floor into a 2 bedroom flat

For Sale - Retail Investment

About this property

  • The property comprises a terraced, two storey, double fronted retail unit, built of traditional brick construction under a flat felt roof. Internally, the property is configured to provide an open plan retail sales area flanked by staff welfare facilities including kitchenette and W/C at ground floor. There is additional office/storage accommodation to the first floor which was granted planning permission in 2018 to be converted into a 2 bedroom flat. Externally, the property benefits from a loading area and access to the rear elevation. The property is fully let to Isterling’s Ltd T/A Premier Community for a term of 10 years commencing 16 July 2023 at a passing rent of £16,000. The lease is subject to a LL&T break option and OMV rent review in the 5th anniversary.

Local information

  • The property is located on the northern fringe of Ilkeston’s town centre with good public transport links, within 100 ft of the Bath Street Bottom Bus Stop.
  • The property occupies a prominent roadside position fronting Bath Street, benefitting from good profiling with its double fronted entrance.

Energy performance

68 C