City Centre Retail Letting In Prominent Corner Location

The premises are arranged over ground, first, second and basement. Tenure The property is currently held by way of a lease expiring 26th November 2027 with a tenant only option to break in November 2022. A sub-lease of part of the premises may also be considered. Rent £105,000 per annum exclusive. Alternatively a sub-lease can be agreed at rent to be negotiated. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £72,000.00 and the rates payable are £35,496.00 pa. The UBR for 2018/2019 is 49.30p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The property is located on the junction of St James Street and Market in the centre of Derby occupying a prominent corner location. Occupiers in close proximity include RBS, Primark, Walkabout, Frankie & Benny's, Superdrug and Cafe Nero. Recent lettings in the vicinity include Turtle Bay and Revolution de Cuba.

Sizes and Measurements

Total Size

7,580sqft

Sales Area

2,921sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,921sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

2,381sqft

Status

Available

Available from

Immediately

Second Floor

Details

Non-Sales

Size

760sqft

Status

Available

Available from

Immediately

Basement

Details

Non-Sales

Size

1,518sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

26/11/2027

Next Lease Break

26/11/2027

Lease type

New

For rent

Price On Application

UBR

49.3p

Ratable Value

£72,000.00

Business Rates

£35,496/pa

Photos

DERBY_ 1 MARKET PLACE_3 ST JAMES ST IMAGE

Other properties in this area

BESbswy