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The property occupies a prominent position on Derby Road, Long Eaton, near Nottingham.
The property is an existing cinema arranged over ground and two upper floors extending to approximately 5,170 sqft GIA.
An indicative scheme has been drawn up by the vendor. We have been informed that there is potential for 2 retail units (4,354 sqft NIA) and 47 apartments (23,498 sqft NSA). Purchasers are invited to make their own enquiries regarding planning potential with the local planning authority: Erewash Borough Council .
LOCATION AND DESCRIPTION:
The property occupies a prominent position on Derby Road amongst other local shops and amenities. The open spaces of West Park are within easy reach. Transport links are provided by both Long Eaton rail and Attenborough rail stations. Long Eaton railway station is located 1.1 miles south of the property.
Multi-Let Retail Investment Affluent Catchment and Quality Retail Unit A - 573 sq ft Unit B - 429 sq ft Gross yield 7.25% SAT NAV: DE73 8FE
Location Units A & B, 29 Derby Road comprises two ground floor retail premises located in a thriving town 8 miles south of Derby, with an affluent catchment and quality retail offering comprising both national and independent retailers.
The property is located opposite William's Yard and within walking distance of the town centre. The town is situated 8 miles from the M1 and approximately 4 miles from East Midlands Airport.
Description A rare opportunity to secure a Freehold within this attractive Derbyshire town.
Access to the property is directly from Derby Road. Once a larger retail property, the ground floor retail space has been split and let as two separate premises.
Unit A is the larger of the two spaces consisting of a large display window and further display window fronting Blanch Croft. This unit also benefits from having a cellar.
Unit B has smaller sliding sash-style windows and a separate pedestrian entrance, with two steps leading to a principal retail area and further fitting room and store space beyond.
Both shops benefit from independent tea-making and toilet facilities and are heated by electric panel heaters.
Accommodation The property has been measured in accordance with the RICS Code of Measuring Practice and extends to 93.10 sq m (1,002 sq ft).
Unit A: 53.25 sq m (573 sq ft) Unit B: 39.85 sq m (429 sq ft)
Tenure and Possession Unit A: The Air Ambulance: FR&I lease commencement 5th July 2017, Lease expiry 4th July 2022, Rent Review 5th July 2021. Passing rent £15,250 per annum. The Tenant benefits from a break option at 4th July 2020 with 6 months' prior notice.
Unit B: Phoebe Paling: FR&I lease commencement 20th October 2016, Lease expiry 19th October 2022, Rent Review 19th October 2019. Passing rent £10,500 per annum.
Both Leases are available on request and are excluded from Sections 24 to 28 of the Landlord and Tenant Act 1954.
The property is to be sold Freehold Subject to Tenancy. Each party to bear their own legal fees.
VAT VAT is not chargeable in addition to the sale price.
Business Rates According to information provided on the Valuation Office Agency website, Unit A has a 2017 Rateable Value of £10,500. Unit B has a separate Rateable Value of £5,600.
The subject premises is a prominently positioned 3 storey building comprising retail and office accommodation previously occupied by Nationwide Building Society.
Internally, the building is in a good decorative order and is carpeted throughout with gas fired central heating with the ground floor accommodation also benefitting from suspended ceilings with inset lighting and air conditioning.
With regards to internal configuration, the ground floor was previously used as the main banking/sales area in addition to WC and kitchenette facilities. At first floor level there is a mixture of offices and meeting rooms with the second floor comprising further offices and a kitchen / breakout room for staff. There are W/C facilities on each level. ( Agency Pilot Software Ref: 2039144 )
18-20 Low Street, Sutton-in-Ashfield, NG17 1DG
Type: General Retail, Retail - High Street, Retail
A commanding two storey town centre retail premises Suitable for a variety of retail uses (STP) Planning permission granted for food and drink (A3) Most recently utilised as a successful bar and nightclub venue Car parking and enclosed courtyard Further land and vacant buildings to the rear Planning consent granted for 8 dwellings Late night exotic dancing licence Excellent retail and residential development opportunity Inviting offers in the region of £375,000 May also be available to let at £40,000 PAX ( Agency Pilot Software Ref: 103438 )
18-20 Church Street, Church Street, Mansfield, NG18 1AE
Comprises a three storey former bank premises, situated in a prominent corner position at the junction of Nottingham Road and Victoria Street. The property is of brock construction with stonework detailing surmounted by a hipped tiled roof.
- Freehold - EPC Rating 'E' - Total NIA 3,616 sq. ft / 335.93 sq.m
Freehold Bank premises - Former, Eastwood, Nottingham
Type: General Retail, Retail - High Street, Retail
Modern retail development in prominent suburban location. Very well presented and managed estate. Popular commercial location, with close by amenities. Excellent occupational history with very low void rates. Freehold site with the benefit of the occupational lease to Heron Foods Limited at £45,000 per annum and five long leasehold ground rents of £150 per annum each. Upper floors converted to 3 residential units, each sold to owner occupiers. Total income of £45,750 per annum with fixed rental growths in all leases. Quoting Purchase price of £540,000, which equates to a Net Initial Yield of 8.08%% after allowing for purchasers' costs of 4.85%.
( Agency Pilot Software Ref: 622 )
Heron Foods, Wiltshire Road, Derby, DE21 6EZ
Type: Retail - High Street, Other, Retail, Other Property Types & Opportunities
The premises comprise a former public house converted in 2008 to provide a pharmacy at ground floor and first floor accommodation suitable for residential / student lettings. The property has a substantial frontage onto Ilkeston Road and also benefits from a large self-contained car park for upto 13 vehicles.
The upper floor accommodation is currently vacant and requires refurbishment, but offers an opportunity for an investor to create value by converting to residential use. There are 9 rooms on the first floor including bathroom and kitchen and the current vendors believe the accommodation would convert to a large 5 bedroomed self-contained flat.
( Agency Pilot Software Ref: 7208 )
72 Ilkeston Road, Nottingham, NG7 3GQ
Type: General Retail, Other, Restaurants/Cafes, Residential, Residential, Retail, Other Property Types & Opportunities, Licensed & Leisure
The property comprises of a two storey unit with retail space on the ground floor and first floor ancillary space. The property also benefits from a secure yard located at the rear as well as on street parking. ( Agency Pilot Software Ref: 7105 )
64 Carter Lane, Mansfield, NG18 3DF
Type: General Retail, Retail
64 Carter Lane, Mansfield, NG18 3DFGBMansfield, MansfieldNottinghamshireNG18 3DF14, Carter Lane
Under OfferFor rent: £20,000.00 Per AnnumFor sale: POA
The property is of traditional brick construction under a pitched tiled roof.
The ground floor is being converted to provide an open plan double-fronted retail showroom with ancillary storage and kitchen to the rear. The finish is to be agreed with an incoming tenant. In addition the garage to the rear could be converted to provide additional office/storage space.
Alternatively there is potential to split the ground floor into smaller retail units. Details on request.
There is a rear yard accessed off Uttoxeter Old Road with garage and parking for 2-3 cars. ( Agency Pilot Software Ref: 6987 )
The premises comprises a three storey, mid terrace property of a traditional brick construction beneath a pitched tile clad roof. The ground floor incorporates an aluminum framed double glazed shop front. There are timber framed single glazed windows to the upper floors.
Internally the accommodation provides a ground floor shop with store, kitchen and WC facilities. This benefits from gas central heating and has been finished with carpet floor coverings and suspended ceiling incorporating florescent tube and spot lighting.
The first and second floors provide ancillary space requiring refurbishment and modernisation. ( Agency Pilot Software Ref: 6951 )
20 High Street, Alfreton, DE55 7BN
Type: Office, General Retail, Restaurants/Cafes, Retail - High Street, Residential, Offices, Retail, Licensed & Leisure
20 High Street, Alfreton, DE55 7BNGBAmber Valley, AlfretonDerbyshireDE55 7BN4, High Street
50 acre mixed use employment-led development site adjoining Pride Park. Over 750,000 sq ft of high quality business accommodation will be provided for a flexible mix of uses including Campus Style Offices, Distribution/Warehousing, Industrial, Restaurant/Pub, Foodstore and Car Showroom. Excellent access to the A52. 10 mins drive to M1 and 30 mins to M6. ( Agency Pilot Software Ref: 6216 )
Derby Triangle, Wyvern Way, Derby, DE21 6NZ
Type: Office, General Retail, Hotels, Leisure Property, Restaurants/Cafes, Showroom, Offices, Retail, Licensed & Leisure, Other Property Types & Opportunities
The property comprises a mid-terrace 3 storey retail premises of a (presumed) solid brick construction.
The premises benefits from a recently restored shop front incorporating timber joinery and single glazing. This work was done under a Conversation Area grant and the works have considerably improved the aesthetics of the parade.
Internally, the property is arranged to provide a basement, ground floor sales area, WC and storage facilities. The vacant upper floors are ideally suited to residential conversion into a number of units, subject to planning. The property has the benefit of separate side access to the rear and courtyard garden area to the rear. The property is in a shell condition ready for occupier fit out.
( Agency Pilot Software Ref: 6194 )
59 Wardwick, Derby, DE1 1HJ
Type: General Retail, Restaurants/Cafes, Retail - High Street, Retail, Licensed & Leisure
Former Grand Theatre and Dance Hall, Nightclubs and now Restaurant. Prestigious four-storey building, retaining many character features, extending to approximately 16,264 sq. ft./1,511-sqm. including basement and sub-basement areas. Located in the heart of Derby City Centre, within the St. Peters Quarter, and benefiting from generous footfall, and nearby parking facilities. Fully-fitted restaurant with one-bedroomed managers flat to the first floor. Suitable for change of use, subject to planning.
9 Babington Lane, Derby, DE1 1TA
Type: General Retail, Retail - High Street, Leisure Property, Pubs/Bars/Clubs, Restaurant/Cafes, Office, Serviced office, Mixed Use, Retail, Licensed & Leisure, Offices, Other Property Types & Opportunities
9 Babington Lane, DE1 1TAGBDerbyDerbyshireDE1 1TA9, Babington Lane
The subject property was formally utilised as a bank and extends over basement, ground, first and second floors. The building would suit a variety of uses (subject to planning). Part of the building has been sold off on a long leasehold basis.
- Former Bank Premises - Town Centre Location - Suitable for a range of uses (subject to planning)
Excellent retail investment in the heart of Mansfield Town Centre
• Let to well established retailer, Poundworld Retail Ltd • Excellent position just off the Market Place • Attractive to local investors/family trust or SIPP purchaser • New lease of 10 years from 29/11/2017 • 5 year rent review and 5 year tenant break • Offers invited at £477,500 to show 7% net of costs
5 – 7 Stockwell Gate I Mansfield Nottinghamshire I NG18 1JY
Well established retail warehouse of portal frame construction with part brick part profile sheeting cladding under a profile sheeting roof.
Internally, the unit is fitted for the purposes of retail with suspended ceilings, CAT II lighting and is carpeted throughout. The rear of the premises provides storage and loading to the side elevation. Heating is by way of a gas blower ventilation system.
Externally, parking is available immediately adjacent to the unit and along Slater Avenue. ( Agency Pilot Software Ref: 620 )
Unit 3 Slater Avenue, DERBY, DE1 1GT
Type: General Industrial, Retail Park, Industrial, Retail
High Street Retail Investment comprising a mid terraced two storey property of reinforced concrete construction with brick elevations and stone clad front. A new roof was put on the building in 2015. The property dates from the 1950's and has been arranged so as to provide a double fronted retail space to the ground floor with first floor office, and ancillary accommodation above. The building has no demised external areas. Male and female WCs are located on the first floor.
( Agency Pilot Software Ref: 2032433 )
26-28, Regent Street, Mansfield, NG18 1SS
Type: General Retail, Mixed Use, Retail, Other Property Types & Opportunities
UNDER OFFER. The property is located on Victoria Street in the centre of Derby, one of the main thoroughfares for public and pedestrian transport and provides access to the majority of Derby's retail locations including St Peters Street, East Street and Cornmarket, where a large number of national retailers are located.
The property comprises ground floor retail accommodation with storage and ancillary accommodation on the first floor level.
Available to rent at £30,000 per annum. UNDER OFFER. ( Agency Pilot Software Ref: 2011194 )
13-15 Victoria Street, Derby, DE1 1ES
Type: General Retail, Leisure Property, Mixed Use, Restaurants/Cafes, Showroom, Retail - High Street, Land, Retail, Licensed & Leisure, Other Property Types & Opportunities, Commercial Land
13-15 Victoria Street, Derby, DE1 1ESGBDerby, DerbyDerbyshireDE1 1ES17, Victoria Street
The property is located in Sutton in Ashfield, situated between Junction 28 of the M1 and Mansfield, which lies 12 miles due north of Nottingham. The subject property is located on the south section of Outram Street within close proximity to notable occupiers such as ASDA, William Hill, HSBC and Oxfam. The property is let on an FRI lease to Farmfoods Ltd for a term of 25 years from 25 March 1994 at a rent of £25,500 per annum. Offers invited in excess of £175,000. ( Agency Pilot Software Ref: 63657 )
29 Outram Street, Sutton In Ashfield, Nottingham, NG17 4BA
Type: General Retail, Mixed Use, Retail - High Street, Retail, Other Property Types & Opportunities
29 Outram Street, Sutton In Ashfield, Nottingham, NG17 4BAGBAshfield, Sutton-In-AshfieldNottinghamshireNG17 4BA19, Outram Street