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.
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.
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.
All mains services are to the property.
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.
Town centre retail to let by way of a new lease for a term of years to be agreed.
Rent: £50,000 per annum
All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.
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.