Department Store For Rent Ground Floor, 8-9 Iron Gate, Derby, Derbyshire

Shop to let in Derby Cathedral Quarter, with frontage onto the pedestrianised Iron Gate; one of Derby's prime retail and leisure destinations. Near Slug & Lettuce (Stonegate), Pizza Express, Nando's, The Standing Order (Weatherspoon's), Bear Coffee and a number of high quality niche / independent retailers.

0.1 miles north of the Becketwell regeneration area; home to Derby's first purpose built PRS scheme - The Condor - a 269 unit development & the new The Becketwell Performance Venue; a 3,500 seat arena opening soon

Close to Derby's refurbished Market Hall, opening soon as a city centre market hub with a vibrant food and beverage offering.

The property also forms part of a wider "island" site, surrounded by Amen Alley, Full Street and Market Place. Derby City Council are shortly to announce the identity of a strategic development partner who will begin work developing the Market Place, Assembly Rooms and multi storey car park as part of that site, providing much needed confidence and stimulus to all the properties positioned along Iron Gate to the front and Full Street to the rear.

To the rear of the premises, Wavensmere Homes are running a Planning Application for a 190 unit PRS scheme, which sits fronting Cathedral Green, and where work is expected to start in Autumn 2024. Alongside the transformative proposals to regenerate the Assembly Rooms site on the Market Place, this further bookends the 8-9 Iron Gate premises as being very much in the hot spot of the area of rapid regeneration and change over the next 2-5 years.

Derby bus station is 0.3 miles to the east and ParkSafe Car Park is 0.2 miles to the north. What 3 Word location: snaps.funny.gain

Prime ground floor store in Cathedral Quarter. Suitable for variety of uses. Can split to provide units from 1,000 sq ft. There is a basement providing an additional 3,083 sq ft. Rents are subject to covenant, terms and space taken.

The accommodation has been quoted on a Gross Internal Area (GIA). Existing areas have been taken from the VOA, proposed have been taken from architect drawings and should be checked.

The property has been used under Class E (Commercial, Business and Service) of the Town and Country Planning (Use Classes) Order. 9 Iron Gate is Grade II List (Entry Number: 12278410). All parties should confirm the planning position with the relevant Local Authority.

It is to our understanding that mains services to include 3 Phase electric are available at the property. No gas. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

The property is to be reassessed for rating purposes.

Leasehold

Retail Unit to let by way of a new lease for a minimum term of 3 years. Rent is subject to covenant, terms and area taken,

Rent: £45,000 per annum. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT.

The last EPC rating was C(74).

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.