Where is the Prime F&B Pitch 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 Cornmarket.
Ground Floor Retail unit of 2,547 sq ft. Plus a basement storage of a further 1399 sf ft
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.
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 basement, ground floor and first floor offices are currently under a single assessment and listed as bank and premises. The business rates will therefore need to be reassessed.
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 to let by way of a new lease.
Rent: £40,000 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.