Where is the F&B Opportunity located?
F&B unit to let in Derby city centre's Cathedral Quarter on The Strand. Prime retail and leisure location. Nearby occupiers include Cubo serviced offices, Primark, Superdrug, Nando's, Greggs, Subway, Revolution de Cuba, Turtle Bay and The Cosy Club.
The property is directly opposite the Becketwell Regeneration Zone, home to Grainger Plc's newly opened 270 unit PRS scheme, which is adjacent to the new Becketwell Performance Venue - a 3,500 capacity indoor arena opening in May 2025, and to be operated by ASM Global. Further phases to Becketwell's Regeneration plans include a new hotel and substantial Grade A office investment.
The building sits at the entrance / gateway to St James Street - a comprehensive transformative High Street Scheme is about to be brought forward converting some vacant ground floor retail units into a vibrant new retail / F & B / leisure quarter. A new Grade A quality office scheme currently is being delivered immediately behind the unit with new substantial residential conversions alongside.
What 3 Words Location: seats.pointed.defend
What does the F&B Opportunity comprise?
Highly prominent F&B opportunity. Corner position of The Strand and St James Street, facing Cubo Workspace, Turtle Bay, The Condor (270 residential unit development) and The Becketwell Performance Venue; a new 3,500 seat arena due to open in Q1, 2025.
Self-contained ground floor unit, offered as a shell, ready for occupier fit out. Dry basement with good head height providing WC facilities, cold room / kitchen, beer cellar and storage.
Pay and display street parking is available on The Strand.
How has the F&B Opportunity 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.
Floor |
Sq Ft |
Sq M |
Ground Floor |
1,789 |
166.2 |
Basement |
2,323 |
215.81 |
Total | 4,112 | 382 |
What has the property been used for?
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). We believe the property is in the Derby City Conservation Area. All parties should confirm the planning position with the relevant Local Authority. The property is Grade II listed; list entry number 1279060.
Are there Utilities?
All mains services with the exception of gas are connected to the property. 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 2024/25 Retail, Hospitality and Leisure Business Rates Relief scheme may provide eligible, occupied, retail, hospitality and leisure properties with a 75%, off your business rates bills for the 2024 to 2025 billing year (1 April 2024 to 31 March 2025). This is up to a cash cap limit of £110,000 per business. For further details please see https://www.gov.uk/apply-for-business-rate-relief/retail-discount.
Rateable Value: £18,250
How is the property offered?
Leasehold
F&B Unit to let by way of a new lease for a minimum term of 3 years. The landlord is expressly looking for quality Food and Beverages uses only. Kindly no vape, convenience, nail bars etc.
How much is the Price?
£Rent on Application. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
What is the EPC rating?
What are the viewing arrangements?
Please visit the OMEETO website for full details and a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting OMEETO or our joint agents Rigby & Co. The agents do not take any responsibility for any loss or injury caused whilst carrying out a site visit.