Summary - 64, DERBY ROAD NG9 7AB
2 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with ground floor retail shop (Nail Salon) and first-floor flat
- Gross Initial Yield of 7.62% with a rental income of £19,800 p.a.
- Large rear yard and outdoor space at the front for potential use
- Prime location on Derby Road, surrounded by popular retail chains and local amenities
- Freehold tenure offering flexibility for future modifications
- Ideal for investors seeking reliable rental returns
**Summary:**
Discover an impressive mixed-use property at 64 Derby Road, Stapleford—perfectly positioned for both residential and commercial ventures. This well-located building features a thriving nail salon on the ground floor, generating £12,000 in annual rent, while the self-contained two-bedroom flat above brings in an additional £7,800 per year. With a substantial rear yard and outdoor space at the front, there is ample room for business operations or al fresco enhancements.
Complete with a strong Gross Initial Yield of 7.62%, this property is a wise investment situated in a bustling area frequented by well-known retailers such as Sainsbury’s and Greggs, ensuring a steady flow of foot traffic. Accessibility to local schools with good Ofsted ratings adds to its family-friendly appeal, making it versatile for various tenants. Though it presents an excellent investment opportunity, the above-average crime rate in the local area should be considered. With freehold status, future renovations or expansions can easily be accommodated, making this property a rare find in a competitive market. Don’t miss your chance to secure this dual-purpose gem!
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