10 - 12 Victoria Street Derby Derbyshire DE1 1EQ

10 - 12 Victoria Street
Derby
Derbyshire
DE1 1EQ

Freehold Leisure, Retail and Residential Investment

  • Majority let to ABA Leisure (Five) Limited until 2033 (No breaks)
  • Part let to Jeweller – new 5 year lease renewal agreed
  • Large flat with vacant possession
  • City Centre location within Derby’s leisure pitch
  • Nearby occupiers include Revolution, Barracuda Bars and retailers including Primark & Boots the Chemist
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    32
  • Auction
    12th February 2015
  • Rent
    £73,200 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Leisure, Retail and Residential Investment

  • Majority let to ABA Leisure (Five) Limited until 2033 (No breaks)
  • Part let to Jeweller – new 5 year lease renewal agreed
  • Large flat with vacant possession
  • City Centre location within Derby’s leisure pitch
  • Nearby occupiers include Revolution, Barracuda Bars and retailers including Primark & Boots the Chemist
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 32
  • Auction 12th February 2015
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
15 miles west of Nottingham
28 miles north-west of Leicester
Roads
A6, A52, A38, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands International Airport
Situation

The property is prominently situated in the heart of Derby City Centre on the north side of Victoria Street, close to its junction with St James Street and The Strand, an area popular with pubs/bars, restaurants and nightclubs as well as Derby’s main retailing offer.

Tenure

Freehold.

Location
Miles
15 miles west of Nottingham
28 miles north-west of Leicester
Roads
A6, A52, A38, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands International Airport
Situation

The property is prominently situated in the heart of Derby City Centre on the north side of Victoria Street, close to its junction with St James Street and The Strand, an area popular with pubs/bars, restaurants and nightclubs as well as Derby’s main retailing offer.

Tenure

Freehold.

Description

The property comprises a nightclub/entertainment centre arranged on part ground, mezzanine and first floors, a retail/showroom arranged on part ground and second floors and a six room former flat on the third floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a nightclub/entertainment centre arranged on part ground, mezzanine and first floors, a retail/showroom arranged on part ground and second floors and a six room former flat on the third floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Mezzanine
First
Nightclub/Ancillary
Nightclub/Ancillary
Residential
213.67 sq m
34.83 sq m
3 Room Flat
(2,300 sq ft)
(375 sq ft)
ABA LEISURE (FIVE) LIMITED
t/a Baby Platinum (1)
25 years from 22/04/2008 until 2033 £65,000 22/04/2018
& 5 yearly
Part Ground
Second
Retail/Kiosk
Showroom/Ancillary
11.14 sq m
110.55 sq m
(120 sq ft)
(1,190 sq ft)
MR S BRIMBLE t/a Cresta Gems (2) 6 years from 05/10/2008 (Holding over) (3) £8,200  
Third Former Residential
6 Room Flat
VACANT POSSESSION      
Total Commercial Area
370.19 sq m
(3,985 sq ft)
    £73,200

NB. The Nightclub has been measured on a Gross Internal basis.
(1) For the year ending 31st December 2013, ABA Leisures (Five) Limited reported a total net worth of £459,458.
(Source: www.riskdisk.com 14/012015). Baby Platinum trade from three nightclubs in the UK, in Derby, Manchester and Leeds.
(Source: www.babyplatinum.co.uk) The Seller is holding a £32,500 + VAT rent deposit.
(2) Cresta Gems is an independent, family run, working goldsmiths who trade from other shops in Heanor and Ripley. (Source: www.crestagems.co.uk)
(3) A new lease has been agreed (but not yet documented) for a term of 5 years from 05/10/2014 at a rent of £8,200 p.a.x. with a 3 month rent free period and a tenant option to determine the lease on 05/10/2016. Please see legal pack.

Property Documents

  • Catalogue Page
    Updated Date
    21.01.15
    File Size
    589 KB
    View PDF
  • Site Plan
    Updated Date
    21.01.15
    File Size
    88 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Marriott Harrison LLP 11 Staple Inn
London
WC1V 7QH
Guy Hitchin 0207 209 2022guy.hitchin@marriottharrison.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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