Unit 1
Copeland Street
Derby
DE1 2QD

Freehold City Centre Leisure, Industrial and Car Park Investment

  • Majority let to Time 2 Play Limited (guaranteed by Jumpin Sussex Limited) until 2034 (no breaks)
  • Rear part of car park let to to Excel Parking Services Limited
  • Time 2 Play Ltd recently completed an extensive fit-out, at an approximate cost of £350,000
  • Prominent city centre gateway site situated close to Intu Shopping Centre, the Cathedral Quarter and Derby Railway Station
  • Substantial site area of approximately 0.85 acres (0.34 hectares)
  • Lot
    29
  • Auction
    11/Dec/2019
  • Rent
    £155,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Leisure
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of an Investment Manager
Important Auction & Property Update
  • Unit 1<br>Copeland Street<br>Derby<br>DE1 2QD
  • Expand
  • Photos
  • Map

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

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 located immediately to the east of Derby city centre, occupying a corner position on Copeland Street and Siddals Road, with frontage to the A601 Inner Ring Road. Nearby occupiers include Dulux Decorator Centre, Buzz Bingo, Mazda and Suzuki. Derby Intu Shopping Centre lies 100m to the west.

Tenure

Freehold.

Description

The property comprises a former car showroom, which has recently been refurbished to provide an indoor inflatable theme park. At the rear of the site is a modern industrial building which is used by the tenant as storage. In addition, the rear part of the site is let to Excel Parking with provision for 15 car parking spaces. The property benefits from a large site area of approximately 0.85 acres (0.34 hectares).

VAT

VAT is applicable to this lot.

Note

Derby City Council have proposed the Castleward Regeneration scheme, details of which are available in the legal pack.

EPC

Band E. Available to download in legal pack at acuitus.co.uk.

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Leisure UnitGround
Mezzanine
(Landlord
Specification)
Leisure
Leisure
1,146 sq m
162 sq m
(12,335 sq ft)
(1,743 sq ft)
TIME 2 PLAY
LIMITED
guaranteed by
Jumpin Sussex
Limited t/a Jumpin
Fun (1) (2)
15 years from
07/06/2019
until
06/06/2034
£135,00007/06/2024
and five
yearly
Rear Industrial
Unit
GroundStorage138.80 sq m
(1,494 sq ft)
TIME 2 PLAY
LIMITED
guaranteed by
Jumpin Sussex
Limited
t/a Jumpin Fun (1)
Approx 15
years from
01/07/2019
until
06/06/2034
£8,00007/06/2024
and five
yearly
Rear Car Park-Car
Parking
15 spaces
-
EXCEL PARKING
SERVICES
LIMITED (2)
5 years from
19/09/2018
(3)
£12,500 
Total
1,446 sq m
(15,572 sq ft)
  £155,500 

(1) The Jumpin Fun Inflatable Theme park is a brand-new leisure experience, offering dedicated SEN, toddler and open bounce sessions. Jumpin Fun currently operates from three sites, with a new branch in Bristol due to open shortly (Source: jumpinfun.co.uk 12/11/2019).
(2) We understand the tenant has entered into a tenancy at will with Excel Parking Services Limited for part of their demise.
(3) The car parking let to Excel is operated as part of their adjoining car park to the south of the property. excelparkingservices.co.uk. The lease provides a landlord only rolling option to determine subject to 3 months' notice.

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    25.11.19
    File Size
    66 MB
    Login to View
  • Site Plan
    Updated Date
    20.11.19
    File Size
    1,005 KB
    View PDF
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Hewlett Swanson Centurion House
129 Deansgate
Manchester
M3 3WR
Andrew Brockett 0161 441 4766Andrew.brockett@hewlettswanson.com

Useful Links

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