Where is the Office located?
Former bank to let in Derby City Centre's Cathedral Quarter, with frontages onto the pedestrianised Cornmarket and Market Place. 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.
Former RBS Bank. Prime F&B Pitch. Class E unit with frontages onto Market Place and Corn market. Separate access to upper floor offices which can be let separately. Available on a new lease.
Lift access to upper floors from first floor stair lobby.
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. Areas have been taken from the VOA and should be checked.
|Ground Floor - Retail Space
|1st Floor - Office Space
|2nd Floor - Office Space
|3rd Floor - Office Space
|Basement - Storage
We believe the property has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be suitable for a range of high street or professional uses STP. All parties should confirm the planning position with the relevant Local Authority.
It is to our understanding that all mains services with the exception of gas are available at the property.
What is the Ratable Value?
The property is currently assessed under two separate rating assessments;
The basement, ground floor and first floor offices are listed as bank and premises with an RV of £60,500 and the second and third floor offices with an RV of £20,000.
The 2023/24 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business.
How is the accommodation offered?
High Street shop and offices to let by way of a new lease as a whole or in parts. A letting of the ground floor only is available for £40,000 per annum. The upper floor offices are available from £7 psf.
Rent: £80,000 per annum. Please check the VAT status.
All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.
What are the viewing arrangements?
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.