Cathedral Quarter location in Derby's premiere fashion area., FOR SALE, Let to Derbyshire Wildlife Trust Limited (CRN00715675) by way of a five year lease which commenced on 11 March 2019., Nearby occupiers include White Stuff, Joules and Dr. Martens., Passing rental of 30,000pax with an upward only rent review in the third year., The property is available on a freehold basis subject to the existing tenancy agreement for 425,000.
The property is located in a prime position mid-way down Sadler Gate and comprises a period four storey building constructed in 1898. The building is of traditional red brick construction with a pitched slate roof screened by a parapet wall with a feature shop front to the ground floor and Georgian sash windows to the upper parts.
At present the ground floor is configured to provide an irregular shaped retail area with the upper parts utilised as ancillary storage and staff welfare space.
Sadler Gate winner of the Great British High Street Awards 2016, is part of Derby's historic Cathedral Quarter and comprises a pedestrianised high street home to a wide range of high end fashion and boutique retail outlets. Notable occupiers include White Stuff, Joules, Dr. Martens, Games Workshop together with a multitude of local and independent retailers, bars, restaurants and cafes.
The premises are situated a brief walk from Derby's bus station which provides regular convenient public transport links to the neighbouring towns and villages with several surface and multi-storey car parks nearby.
The accommodation has been measured on a Net Internal Area basis in accordance with the RICS Code of Measuring Practice (6th Edition):-
Ground Floor Sales - 83.22 sq.m / 896 sq.ft
First Floor Store/Staff Area - 47.70 sq.m / 513 sq.ft
Second/Third Floors - Not measured
We understand that the property is currently occupied under the Town & Country Planning Act (Use Classes) Order 1987 (as amended) as A1 (Shops).
Interested parties are advised to speak with the Local Authority with regards to any enquiries of a planning nature.
We advise that all main services are either connected to or are available at the property.
The property is currently listed on the Valuation Office website as having a Rateable Value of:-
Shop & Premises: 20,000
Interested parties are advised to contact the local billing authority with regards to further information on the business rates payable.
Each party are to bear their own legal costs in respect of this transaction.
All figures are quoted exclusive of VAT. The purchaser must satisfy themselves as to the VAT position if necessary by taking the appropriate professional advice.
Strictly via appointment with sole agents BB&J Commercial.
Property reference: CP34156B1_1199
The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by BB&J Commercial. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.