Retail investment property in Ilkeston town centre

An opportunity to acquire a retail investment property let to Richdale Sofas, located in the heart of Ilkeston town centre with a current rent reserved of £16,500 per annum. Occupying a prominent position in the retail centre of Ilkeston, the property is situated within an established retail parade directly opposite Ilkeston Market Place. Nearby occupiers include Snap Fitness, Lloyds, and Hogarths. The location benefits from being close to multiple town centre pay-and-display car parks and adjacent to a bus stop serving surrounding areas. The property comprises a ground floor retail unit providing an open-plan sales area, staff kitchen, staff toilet, and a stock room. It benefits from a double-glazed frontage onto South Street. Offered for sale on a new 999-year long leasehold virtual freehold, the property is let on a 5-year lease from 31st June 2026 with a current rent reserved of £16,500 per annum. This represents a high-yielding investment opportunity ideal for investors.