Former Bank Sold St. James Street, 1 Market Place, Derby

DE1 3PW

£675,000 for the Freehold (please check the VAT status)

8,162 Sq Ft (758.3 Sq M)

Residential conversion C3 - Sold - please contact the office to discuss your requirement.
Former bank For Sale
Residential conversion C3 - Sold
2

Key features for Residential conversion C3 in DE1 3PW - Sold

  • Sale: £675,000 for the Freehold (please check the VAT status)
  • 8,162 Sq Ft (758.3 Sq M)

  • Excellent dual fronted pitch
  • Planning granted for subdivision of ground floor
  • Planning submitted for resi conversion of uppers
  • Within Cathedral Quarter
  • Centrally located in Derby City Centre
  • Prime position within Derby's leisure circuit
  • Close to Primark, Superdrug, Nando's, Greggs, Subway
  • Class E use

Where is the Former Bank located?

The former bank is in Derby City Centre's Cathedral Quarter with frontages onto the pedestrianised Cornmarket and St James Street. This is generally regarded as Derby's prime retail and leisure destination. Nearby occupiers include Cubo Serviced offices, Primark, Superdrug, Nando's, Greggs, Subway, Revolution de Cuba, Turtle Bay and The Cosy Club.

The property is located 0.1 miles North of the Becketwell Regeneration Area which proposes 342 apartments in two main residential buildings, up to 25,000 square metres of business space, a new public square for the city centre with a hotel, restaurants, and cafes around the square, plus a 500-space pay and display car park.

The property has good links to public transport and parking. Derby bus station is 0.3 miles to the east and ParkSafe Car Park is 0.2 miles to the north.

Description

Excellent corner pitch with dual frontage. Former bank providing ground floor retail with offices over the first and second floors. Full height useable basement.

Planning has been granted for sub division of ground floor into three shops. Planning is being progressed for residential conversion of the uppers.

How has the accommodation been measured?

The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice.

Floor Sq Ft Sq M
Basement 1,518 141.02
Ground Floor 2,973 276.19
First Floor 2,907 270.06
Second Floor 764 70.98
Total8,162758

Planning

We believe the property now falls under Class E (Commercial, Business and Services) of the Town and Country Planning (Use Classes) Order 1987 (as amended). The property may be suitable for a range of professional, healthcare or leisure uses STP. All parties should confirm the planning position with the relevant Local Authority.

Under planning permission referenced 21/02226/FUL consent has been granted for external alterations to frontage and internal subdivision to provide three retail units (Use Class E). A planning application is also being progressed in respect of conversion of the upper floors to 8 apartments, application ref 21/00012/DISC.

Services

All mains services are to the property.

What is the Rateable Value?

The property is currently listed as a bank and premises on VOA.gov.uk.

Rateable Value: £52,500

How is the accommodation offered?

Freehold

Town centre retail for sale.

Price

£675,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

EPC

D(92)

What are the viewing arrangements

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

03-Nov-2023

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access various property documents.

Ground floor retail space Former bank For Sale

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Map showing location of property

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. You can change your cookie settings in your browser at any time.