Retail/Shop To Let Derby
PROPERTY ID: 125747
PROPERTY TYPE
Retail/Shop
STATUS
Let Agreed
SIZE
1,587 sq.ft
Key Features
Property Details
Location
Located in the sought after Cathedral Quarter of Derby City.  The parade and many other shops in the Cathedral Quarter have been part of a major restoration of Victorian property in the old City Centre – some 100 properties in total.
Nearby retailers include – Hobsons shoes, Dream Doors, Ashley‘s the Tailors, Foulds Guitars, Games Workshop, Selena‘s Florists, Casual Classics, Whitestuff, London Camera Exchange, Vision Express, Canopy Men‘s & Ladieswear, Everyman Barbers, Brigdens Menswear.
Immediately opposite is Derby‘s Art Gallery, famous for its collection of Joseph Wright Paintings and currently undergoing major restoration.
Nearby new developments – 259 new flats on Victoria Street opens in September and Middleton House, St. Mary‘s Gate, 55 luxury apartments – opened this Summer.
Derby Performance Centre – 3,500 capacity venue now under construction, also off Victoria Street and Colyear Street to be run by world famous ASM Global.
The Property
Ground Floor Shop and ancillary staff and storage accommodation.
Beautiful Victorian shop front
Width – average 6m – Depth almost 10m (overall)
Sales Area   645 sq ft
Storage       332 sq ft
Kitchen         60 sq ft
Basement   550 sq ft
Total        1,587 sq ft (*Net Internal Area)
Car Parking
Street parking is permitted in The Strand by meter and in Bold Lane the multi-storey car park has 315 spaces.
Services
Mains water, electricity and drainage.
Non-Domestic Rates
The online 2023 Rating List states that the premises have been assess for Non-Domestic  Rates as follows
Rateable Value £11,000.
Town & Country Planning
The property has been a retail unit for 30 years, currently A1, now within the Class E (a) in the new Town Planning Use Guide.
The landlord will not permit any form of hot food takeaway.
Lease Terms
The property is available by way of a new lease.  The tenant will be responsible for maintaining the shop interior and quality fittings, the plate glass shop windows and entrance door, and a proportionate share by way of a service charge for maintaining the exterior of the main structure.
Buildings Insurance
The landlord insures the whole building against fire and similar risks and the tenant will reimburse a proportional contribution to the annual premium.
Rent
£15,000 per annum – VAT not charged – but landlord reserves the right to do so in the future.
Outgoings
The tenant is responsible for all business rates, water rates, sewerage charges, electricity costs, refuse charges direct to the relevant authorities.
Energy Performance Certificate (EPC)
Exempt as Listed building.
Legal Costs
Each party to the transaction will bear their own legal costs.