To Let - Class E (Commercial, Business and Service)

Former Bank St. James Street, 1 Market PlaceDerby, DE1 3PW

£50,000 per annum

8,162 Sq Ft (758 Sq M)

Key Features -

  • Rent: £50,000 per annum
  • 8,162 Sq Ft (758 Sq M)

  • Previously occupied by Barclays PLC
  • Previous A2 (Professional & Financial) use
  • Available as a whole or in part
  • Centrally located in Derby City Centre
  • To be refurbished
  • Suitable for range of uses including Leisure STP
  • Prime position within Derby's leisure circuit
  • Within the Cathedral Quarter

Location

The former bank to let 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. Useable, full height basement, ground floor retail with offices over the first and second floors.

The high street premises to let requires a scheme of repair and modernisation. Subject to covenant and term the landlord may contribute towards this by way of rent incentive. The landlord may also consider splitting the premises to provide units from 1,218 sq ft.

Accommodation

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
Ground Floor 2,973 276
First Floor 2,907 270
Second Floor 764 71
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.

Services

All mains services are to the property.

Rating

The property is currently listed as an bank and premises on VOA.gov.uk. Please check the valuation office website for any retail rates relief incentives.

Rateable Value: £72,000

Rates Payable: £36,864

Tenure

Leasehold

Town centre retail to let by way of a new lease for a term of years to be agreed.

Price

Rent: £50,000 per annum

VAT

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

EPC

EPC?

Viewing

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

26-Apr-2022

Omeeto

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

Former bank to let Ground Floor Retail unit to let

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.


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.

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