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Status Withdrawn Post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.