Retail property (high street) for sale
Property description & features
- Situated within Derby's historic Cathedral Quarter district.
- Available to purchase at £250,000.
- Potential for mixed-use / residential conversion (STP).
- Extending to approximately 2,042 sq ft / 189.7 sq m (NIA).
- The property is available to purchase at £250,000.
Internally, the ground floor has been fitted to a good specification and comprises a main retail area (with a newly installed feature staircase), further retail and storage to the rear followed by WC and kitchen facilities. The first, second and third floor provides mixed retail, treatment and storage accommodation along with secondary WC facilities located on the first floor.
The property also benefits from a secondary entrance directly to the first floor, accessed via the side passage adjacent, and a basement currently leased to the adjacent Vines Bar at £120.83 per calendar month.
Location
Located on the highly prominent pedestrianised high street of Sadler Gate, winner of the Great British High Street Awards 2016 and part of Derby's historic Cathedral Quarter, the property is situated within close proximity to a number of independent professional retailers, bars and restaurants which include 1NE, Games Workshop, Canopy, Black Smith's Lounge and The Forge Steakhouse.
The premises also provides fantastic logistical opportunities with it being located within a short walk to Derby's St. Peter's Quarter, which includes the Derbion Shopping Centre and Derby's River Light's Bus Station. Also close by are the much-anticipated Becketwell and University of Derby's Business School Developments, which are scheduled to be completed within the next few years.
Accommodation
The accommodation has been measured on a Net Internal Area basis in accordance with the RICS Code of Measuring Practice (6th edition).
Total Net Internal Area: 2,042 sq ft / 189.7 sq m.
Planning
We understand that the property falls within use class E but may be suitable for alternative uses subject to the necessary planning consents.
All planning information should be confirmed with the local authority.
Services
It is out understanding that all mains services are connected to the property, however we have been advised by the vendor that there is no electricity present to the 3rd and 4th floors.
Rates
The property is currently listed on the valuation office website as having the following rateable values: -
51 Sadler Gate: £13,250
51B Sadler Gate: £5,600
Please note that you may qualify for small business rates relief on this property, however any interested party should verify this with the local billing authority.
Legal Costs
Each party are to bear their own legal costs in connection with this transaction.
VAT
It is our understanding that VAT is not applicable upon the purchase of this property.
All figures are quoted exclusive of VAT.
Viewing
Strictly via appointment by sole agent BB&J Commercial.
Property information from this agent
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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