31 East Street Derby Derbyshire DE1 2AL

31 East Street
Derby
Derbyshire
DE1 2AL

Freehold Bank Investment

  • Let to The Co-operative Bank Plc
  • 10 year lease renewal from June 2016 (subject to option)
  • Rebased Rent
  • Tenant in occupation since 2001
  • Prominent pedestrianised trading position between Intu Derby and St Peters Street
  • Lot
    33
  • Auction
    14th February 2018
  • Rent
    £120,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Freehold Bank Investment

  • Let to The Co-operative Bank Plc
  • 10 year lease renewal from June 2016 (subject to option)
  • Rebased Rent
  • Tenant in occupation since 2001
  • Prominent pedestrianised trading position between Intu Derby and St Peters Street
  • Lot 33
  • Auction 14th February 2018
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The 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, A38, A52, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands International Airport
Situation

The property is situated in a busy pedestrianised location in Derby City Centre on the southern side of East Street, which is located between St Peters Street and Intu Derby. The property adjoins TSB and other nearby occupiers include Nationwide, Card Factory, Blacks, Halifax, Costa, Lloyds Bank, O2, Poundland and Greggs. The location will improve further with the forthcoming opening of a new 20,000 sq ft TK Maxx on Albion Street in February 2018.

Tenure

Freehold.

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

The property is situated in a busy pedestrianised location in Derby City Centre on the southern side of East Street, which is located between St Peters Street and Intu Derby. The property adjoins TSB and other nearby occupiers include Nationwide, Card Factory, Blacks, Halifax, Costa, Lloyds Bank, O2, Poundland and Greggs. The location will improve further with the forthcoming opening of a new 20,000 sq ft TK Maxx on Albion Street in February 2018.

Tenure

Freehold.

Description

The property comprises a large well configured ground floor banking hall with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a large well configured ground floor banking hall with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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

First
Banking Hall/
Ancillary
Ancillary
262.40 sq m

249.50 sq m
(2,824 sq ft)

(2,686 sq ft)
THE
CO-OPERATIVE
BANK PLC (1)
10 years from 19/06/2016
until 18/06/2026 (2) on a
full repairing and insuring
lease
£120,000 19/06/2021
Total
511.90 sq m
(5,510 sq ft)
    £120,000  

(1) www.co-operativebank.co.uk
(2) The lease provides for a tenant option to determine on 19th June 2021.

Property Documents

  • Catalogue Page
    Updated Date
    08.11.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    08.11.19
    File Size
    5 MB
    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
Associate Auctioneers
Rob Alston Retail 4 Blacksmiths Lane, Smeeton, Westerby
Leicester
LE8 0QB
Robert Alston 03301 233 224ra@robalstonretail.com
Seller's Solicitors
Browne Jacobson Castle Meadow Road
Nottingham
NG2 1BJ
Robert Wofinden 0115 976 6592robert.wofinden@brownejacobson.com

Useful Links

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

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