Property Details

Derby is an important East Midlands city located at the intersection with the A38, A50 and A52 trunk roads. The property is situated on Osmaston Road, in the St Peter‘s Quarter Business Improvement District, close to The Spot and at the intersection with St Peter‘s Street. Public transport links are good – there are bus stops and a taxi rank close by. The Intu Derby shopping Centre is located opposite. More information regarding the St Peter‘s Quarter Business Improvement District can be found here http//www.stpetersquarter.co.uk/ The Property The subject premises comprise two self contained office suites accessed via a ground floor entrance lobby and staircase directly from Osmaston Road. The two suites are available as a whole or can be taken as two separate units. Suite 1 – First Floor The suite is arranged to provide a lobby reception area with two private offices, one larger open plan office and a small store. There is a kitchenette facility and there are Ladies and Gents WCs. The offices are well presented with carpet tiles to office areas, suspended ceilings incorporating integrated Category II lighting units and electric heating. Suite 4 – Second Floor The accommodation provides a central reception lobby providing access to four individual offices, a kitchenette and Ladies and Gents WCs. The offices are finished with carpet tiles to office areas, plastered and emulsioned ceilings with surface mounted Category II lighting units and electric heating. Accommodation The accommodation has been measured on a Net Internal Area (NIA) basis. Suite 2 First Floor 1,260 sq ft (117 sq m) Suite 4 Second Floor 1,315 sq ft (122 sq m) Services We believe mains water and electricity are available and connected. Heating to the premises is provided by way of independent electric storage heaters. We have not tested any of the services. Town & Country Planning We believe that the premises have the benefit of existing planning consent for office use. However, interested parties should make their own enquiries of Derby City Council planning Department to verify that this is the current position and to determine whether planning consent is required for their proposed use. Non Domestic Rates Utilizing the Valuation Office website we have determined that the premises are assessed for Non Domestic Rates as follows Suite 2 Rateable Value £7,000 Suite 4 Rateable Value £5,200 Small Business Rate Relief You can claim small business rate relief if • your property‘s rateable value is less than £15,000 • your business only uses one property - you may still be able to get relief if you use more From 1 April 2017 you won‘t pay business rates on a property with a rateable value of £12,000 or less. For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%. Terms The premises are available to let either as a whole or as two separate suites by way of a new lease for a term to be agreed and will incorporate regular rent reviews appropriate. Service Charge The premises form part of a larger property holding and the Landlord recovers the cost of maintaining the exterior and any areas/items used in common. The cost of this is recovered via a service charge as is a proportion of the Buildings Insurance premium. Price/Rent Upon application VAT We are advised that VAT will not be payable on the rent . Legal Costs The Landlord will seek a contribution towards his legal costs incurred in this transaction. EPC An energy performance certificate can be made available on request. Rated D 97 Viewing All Viewings to be strictly by prior appointment through the sole selling agents, Raybould & Sons and under no circumstances should you make contact with the current occupiers directly. Contact Martin Langsdale Tel 01332 295555 Email martin@raybouldandsons.co.uk