Where is the Restaurant located?
The building occupies a prominent corner position on the periphery of Derby City Centre, with frontages onto both Green Lane (from which the suite is accessed) and St Peters Church Yard.
The property is located within the St Peters Quarter which is a designated Business Improvement District (BID). The St Peters Quarter BID vision is to develop the area as a destination by providing an alternative and complementary shopping, leisure and commercial area to intu and the Cathedral Quarter.
Upper floors of former Methodist Chapel. Last traded as a restaurant comprising first floor auditorium, second floor gallery with mid floor kitchen, stores and WCs.
The accommodation has been vacant for some time and requires refurbishment and repair internally. Subject to covenant and terms the landlord may consider contributing to this by way of a rent incentive. The property has recently benefited from significant investment to repair and restore the exterior with grant assistance from the Councils Townscape Heritage Initiative (THI).
The accommodation has its own pedestrian access (off Green Lane).
How has the accommodation been measured?
The accommodation has been measured on a Gross Internal Area (GIA) basis from architect plans.
We believe the property has A3 (restaurant and Cafe) use but is suitable for a broad range of town centre uses such as a office or meeting hall STP. As of September 2020 a new use "Class E" has been introduced which amalgamates previous use classes (A1) Shops, (A2) financial/professional services, (A3) cafés/restaurants, (D1 part) medical health facilities, creche and nurseries (D2 part) indoor sports/fitness, and (B1) office/business/light industrial uses. All planning information should be confirmed and further enquiries directed to the planning team at Derby City Council.
All mains services with the exception of gas are connected to the property.
What is the Ratable Value?
The property is to be separately assessed for rating purposes.
How is the accommodation offered?
The shop is to let by way of a new lease for a term of years to be agreed.
Rent: £18,000 per annum. Please check the VAT status.
All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
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.