Property overview

Monte Carlo Portfolio – Murdoch Road, Pride Park, Derby, DE24 8ZY

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£7,600,000
Mar 2022

The property comprises a highly secure, long-income industrial and roadside investment opportunity. The property is located on Pride Park, Derby’s most established commercial location and is prominently positioned off the A6 and benefitting from dual visibility. The newly developed property comprises a petrol filling station, drive- thru food outlet and builder’s merchants on a site of 3.41 acres. Let to the excellent covenants of Euro Garages Limited and MKM Building Supplies Limited. The property provides an average unexpired term of 21.65 years to expiries, with a passing rent of £345,000 per annum and Indexed linked rent reviews to both tenancies. The petrol filling station and drive-thru are 100% underpinned by vacant possession values. Offers sought in excess of £7,600,000, subject to contract, which reflects a net initial yield of 4.25%.