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

DE1 3FJ

£15 per Sq Ft (please check the VAT status)

1,000 to 10,152 Sq Ft (92.9 to 943.2 Sq M)

Retail unit to Rent

Why choose Ground Floor, 8-9 Iron Gate, Derby, Derbyshire DE1 3FJ?

  • Rent: £15 per Sq Ft (please check the VAT status)
  • 1,000 to 10,152 Sq Ft (92.9 to 943.2 Sq M)

  • Will split
  • Prime position within Derby city centre
  • Near Bear Coffee, Slug & Lettuce, Pizza Express
  • Class E Use
  • Suitable for Retail, restaurant, offices

Where is the Department Store located?

Former city centre department store 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.

The opportunity is located 0.1 miles north of the Becketwell regeneration area which is home to Derby's first purpose built PRS scheme - The Condor - a 269 unit development owned by Grainger Plc. The Becketwell Performance Venue; a new 3,500 seat arena is under construction and will open in Q1, 2025.

The property is situated close to Derby's Market Hall, which is currently undergoing comprehensive restoration, and will be relaunched late 2024 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

What does the Department Store comprise?

Prime ground floor retail space in Cathedral Quarter within Derby city centre. Substantial and versatile accommodation, former department store. Will 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.

How has the Department Store been measured?

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.

Floor Sq Ft Sq M
Ground Floor 10,152 943.12
Total10,152943

What has the property been used for?

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.

Are there Utilities?

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.

What is the Rateable Value?

The property is to be reassessed for rating purposes.

How is the property offered?

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,

How much is the Rent?

Rent: £15 per Sq Ft. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT.

What is the EPC rating?

The last EPC rating was C(74).

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.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

31-Jan-2025

Omeeto

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

Retail to Rent Retail space to Rent

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.

Map showing location of property

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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