Where is the Hybrid unit located?
Pride Park is located approximately 1 mile from Derby City Centre and is generally regarded as a principal location for businesses.
The property occupies a highly visible and prominent position fronting Riverside Road with neighbouring occupiers to include David Lloyd, Scarsdale Vets and First Source.
The unit is within 0.5 miles of Derby County Football Stadium, the Multi-Sport Area and Park and Ride. Amenities are to be provided by the new EG Garages, Starbucks and Asda on the Move. There is also a good selection of pubs, restaurants and hotels.
The property benefits from excellent commuter and public transport links with Derby train station situated just 0.5 miles and Derby bus station 1 miles to the northwest. The property has excellent access to the A38/A50 and the A52 which provides direct access to J25 of the M1 which lies just 7.0 miles to the east.
What3Words location: narrow.fence.super
What does the Hybrid unit comprise?
Well positioned and superbly fitted hybrid office warehouse. Benefiting from fresh air system, comfort heating & cooling, LED lights, Air Con (to part), central heating, alarm & infrastructure for multiple leased lines to site.
Impressive meet and greet reception off which are offices, meeting space, kitchen facilities along with a warehousing store with two full height vehicle access doors with 5.8m eaves rising to 7m at the ridge. The first floor provides predominantly open plan offices with several meeting rooms, board and training rooms. Each floor has ample WC and shower facilities.
The unit is situated in a 1.37 acre site providing space for deliveries, turning and 43 designated parking spaces. Much of the land to the northwest is to lawn and offers potential for further hard surfacing. Additional contract car parking spaces are available at the nearby multi sports area.
How has the Hybrid unit been measured?
The accommodation has been measured on a Gross Internal Area (GIA) in accordance with the RICS Code of Measuring practice.
| Floor |
Sq Ft |
Sq M |
| Warehouse |
9,633 |
894.91 |
| Ground floor office |
5,007 |
465.15 |
| First floor office |
3,527 |
327.66 |
| Total | 18,167 | 1,688 |
What has the property been used for?
We believe the property has been used for Classes E and of the Town and Country Planning (Use Classes) Order 1987 but may be subject to a range of professional uses STP. All parties should confirm the planning position with the relevant Local Authority. All parties should confirm the planning position with the relevant Local Authority.
Are there Utilities?
All mains services including gas are connected to the property. We are advised there is a 3 Phase electric supply. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
What is the Rateable Value?
The property is currently listed under two assessments on VOA.gov.uk;
Warehouse and premises £81,500
First floor office suite £26,750
The property may therefore need to be reassessed.
Rateable Value: £108,250
How is the property offered?
Leasehold
Hybrid office warehouse to let by way of a new lease for a minimum term of 5 years. Available from December 2024 or potentially sooner by negotiation.
How much is the Rent, and is VAT payable on top?
Rent: £180,000 per annum. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
Is Service Charge Payable?
The Pride Park estate charge is payable to Derby City Council.
Service charge budget: £2,900.00 per annum
What is the EPC rating?
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.