Retail/Shop to let Derby DE1 2AW,1513sq ft

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Retail/Shop

Retail/Shop To Let Derby

PROPERTY ID: 123521

PROPERTY TYPE

Retail/Shop

STATUS

Under Offer

SIZE

1,513 sq.ft

Key Features

TO LET (may sell)

Gaming Arcade unit

Ground floor amusement arcade.

Suitable for retail or hot food takeaway use (subject to planning).

Vacant upper floors with potential

Busy City Centre position opposite bus station.

Property Details

Morledge is a busy thoroughfare within Derby City Centre, dominated by the presence of the City‘s main bus terminal on the north side. The unit is
situated on the south side, an area largely populated by hot food takeaways and public houses.
The property comprises a traditionally constructed, three-storey building.
The ground floor is currently used as a gaming arcade and is essentially a retail style unit of rectangular configuration, being fitted with a suspended ceiling and air conditioning.
The upper floors are accessed via an external rear steel staircase and provide front and rear rooms on each floor level, having been used for basic
storage purposes.
We understand that electricity, water, gas and drainage are connected to the property.
The premises are offered to let by way of an assignment of the existing lease. The lease runs for a term of 15 years from 4th February 2022 and
contains tenant-only break clauses at the end of the fifth and tenth years.

The tenant is responsible for keeping the property in good repair and condition, limited by a schedule of condition.
Alternatively, the freehold of the property may be available in respect of which offers are invited.
In the event (and only in the event) that the assignee wishes to use the property as a gaming arcade, a premium of £25,000 will be required.
The property has a ratable value of £7,800. If eligible, occupiers would benefit from 100% small business rates relief.
Each party is to be responsible for their own legal costs associated with the transaction.
EPC D-90 valid until 28 November 2031.
VAT is not applicable.

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About the Agent

David Brown Commercial

See Agent's Other Properties

Gaming Arcade unit TO LET (may sell)

£12,000 / pa
£1,000 / month

5 Morledge, Derby, DE1 2AW

Retail/Shop - Under Offer
1,513 sq ft
141 sqm

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