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

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.

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.

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

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.

All mains services are to the property.

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

Rateable Value: £52,500

Freehold

Town centre retail for sale.

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

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