Retail Unit Now Let 62-64 Babington Lane, Derby

What is the Retail Unit address?

62 - 64 Babington Lane, Derby, Derbyshire, DE1 1SX

Where is the Retail Unit located?

The shop to let is situated on Babington Lane which links directly onto St Peters Street; Derby's main retail high street. Nearby occupiers include JD Weatherspoons, Hunters Furniture Waterstones, and the Post Office.

All city centre amenities are within easy reach. Derbion Shopping Centre and the new Becketwell Regeneration area within a 0.2 miles walk. Becketwell shall provide 259 build to rent apartments complemented by a new public square. Phase I works are due to complete 2023. Phase II is for an exciting new 3,500 capacity performance venue that will be managed by world-leading venue operator ASM Global. Completion and handover to the operator is scheduled for late 2024.

Pay and display car parking is available on street immediately in front of the premises and at Babington Lane car park directly opposite. Derby bus station is just 0.3 miles walk to the east.

What3word location: slurs.hopes.engine

Description

Well presented shop. Suitable for range of uses. With central heating, suspended ceiling and LED lighting. Ground floor sales with offices / store on the first floor along with a small kitchen and two WCs.

Externally to the rear is a shared loading area/bin store accessed from Gower Street.

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.

Floor	Sq Ft	Sq M
Ground Floor	1,084	100.7
1st Floor	630	58.53
Total	1,714	159

Planning

The property has been used under Class E (Commercial, Business and Services) of the Town and Country Planning (Use Classes) Order 1987 (as amended) and is suitable for a range of retail or professional uses. All parties should confirm the planning position with the relevant Local Authority.

Services

All mains services are understood to be connected to the property but have not been tested. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

What is the Rateable Value?

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

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.

Rateable Value: £21,250

How is the accommodation offered?

Leasehold

Shop to let by way of a new lease for a minimum term of 3 years. New businesses will need at least a 3 month deposit and well financed business plan.

Price

Rent: £1,250 per month. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

EPC

C (56)

What are the viewing arrangements

Please contact us or visit the OMEETO website for full details and 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.

Note

Plans, maps and drawings are not to scale.

Particulars Updated

14-Aug-2024