Property photos
£7,950 pa
(£14.51/sq. ft. pa)
Retail premises to let
The Strand Arcade, Derby DE1548 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Becket Primary School 0.4 miles
- Kingsmead School (SEN) 0.4 miles
- Derby 0.8 miles
- Peartree 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Derby to find out more about the local area.
Features and description
- Unfurnished
- Retail premises in attractive arcade location
- Ground floor sales area with additional first floor sales/ancillary
- Basement WC and tea-point
Location
The premises are located in The Strand Arcade, built in the late 1870’s, which was intended to replicate The Burlington Arcade in London.
The Arcade was the subject of refurbishment in 2006/7 which was jointly funded by Derby City Council and the Heritage Lottery Fund. The £414,000 ‘makeover’ included replacement of the glazed roof and the laying of stone slabs to the central walkway.
The Strand Arcade lies at the heart of Derby’s historic Cathedral Quarter and links The Strand with Sadlergate.
Derbys Museum is located opposite the arcade on the Strand and is home to the world’s largest collection of works by Joseph Wright of Derby amongst other antiquities and exhibitions.
Recognising the charm of the Cathedral Quarter and the immediate area, have invested heavily with nearby new developments including the redevelopment of Middleton House, St. Mary’s Gate creating 55 luxury apartments, the newly built Condor Building providing 259 new flats on Victoria Street and a number of smaller conversions over retail premises have been completed on Sadlergate and in The Wardwick.
Derby’s new 3,500 capacity performance venue, Becketwell Live has been completed off Victoria Street and Colyear Street and is to be operated by asm Global, the world’s leading venue management company and producer of live event experiences.
There is also a strong connection with Derby University who are adding to their city centre campus with the construction of a new state of the art businesses school - the first net zero business school outside of London – construction is well underway.
There is ‘pay and Display’ car parking on the Strand and the nearest multi-storey car parking is located on Bold Lane.
The Premises
The subject property is well presented having recently been redecorated
The internal accommodation is arranged over three floors and provides an attractive ground floor sales area, first floor room/secondary sales area and a basement store with ‘tea-point and single WC facility.
The property would be suitable for a variety of retail trades, or other uses – subject to planning and/or any Landlord’s consent.
Services
We believe that mains water, drainage and electricity are all available and connected.
Accommodation
The accommodation has been measured in accordance with the RICS Code Of Measuring Practice
Ground Floor…
Sales Area 171 sq ft (16 sq m)
First Floor…
Ancillary Room 183 sq ft (17 sq m)
Basement…
Store and WC 194 sq ft ( 18 sq m)
Business Rates
The Valuation Office website records the following assessment for Non-Domestic Rates:
Rateable Value: £2,475
Small Business Rate Relief
You can get small business rate relief if:
• your property’s rateable value is less than £15,000; and
• your business only uses one property - you may still be able to get relief if you use more
You will not pay business rates on a property with a rateable value of £12,000 or less, if that’s the only property your business uses.
Interested parties should apply to Derby City Council Non-Domestic rates Department to confirm their eligibility for relief.
Planning and Use
We believe that the premises benefit from planning consent for their existing use.
However, interested parties should make their own enquiries of Derby City Council Planning Department to verify that this is the current position and to determine whether planning consent is required for their proposed use.
Terms
The premises are offered to let by way of a new full repairing and insuring lease for a term of years to be agreed and will include regular rent reviews where appropriate.
The landlord will insure the building and recover the premium from the tenant.
Rent
£7,500 per annum exclusive.
Value Added Tax (VAT)
Prices/rents are quoted exclusive of VAT (if applicable).
Identity checks
In order to comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
Legal Costs
Each party will bear their own legal costs incurred in this transaction.
The premises are located in The Strand Arcade, built in the late 1870’s, which was intended to replicate The Burlington Arcade in London.
The Arcade was the subject of refurbishment in 2006/7 which was jointly funded by Derby City Council and the Heritage Lottery Fund. The £414,000 ‘makeover’ included replacement of the glazed roof and the laying of stone slabs to the central walkway.
The Strand Arcade lies at the heart of Derby’s historic Cathedral Quarter and links The Strand with Sadlergate.
Derbys Museum is located opposite the arcade on the Strand and is home to the world’s largest collection of works by Joseph Wright of Derby amongst other antiquities and exhibitions.
Recognising the charm of the Cathedral Quarter and the immediate area, have invested heavily with nearby new developments including the redevelopment of Middleton House, St. Mary’s Gate creating 55 luxury apartments, the newly built Condor Building providing 259 new flats on Victoria Street and a number of smaller conversions over retail premises have been completed on Sadlergate and in The Wardwick.
Derby’s new 3,500 capacity performance venue, Becketwell Live has been completed off Victoria Street and Colyear Street and is to be operated by asm Global, the world’s leading venue management company and producer of live event experiences.
There is also a strong connection with Derby University who are adding to their city centre campus with the construction of a new state of the art businesses school - the first net zero business school outside of London – construction is well underway.
There is ‘pay and Display’ car parking on the Strand and the nearest multi-storey car parking is located on Bold Lane.
The Premises
The subject property is well presented having recently been redecorated
The internal accommodation is arranged over three floors and provides an attractive ground floor sales area, first floor room/secondary sales area and a basement store with ‘tea-point and single WC facility.
The property would be suitable for a variety of retail trades, or other uses – subject to planning and/or any Landlord’s consent.
Services
We believe that mains water, drainage and electricity are all available and connected.
Accommodation
The accommodation has been measured in accordance with the RICS Code Of Measuring Practice
Ground Floor…
Sales Area 171 sq ft (16 sq m)
First Floor…
Ancillary Room 183 sq ft (17 sq m)
Basement…
Store and WC 194 sq ft ( 18 sq m)
Business Rates
The Valuation Office website records the following assessment for Non-Domestic Rates:
Rateable Value: £2,475
Small Business Rate Relief
You can get small business rate relief if:
• your property’s rateable value is less than £15,000; and
• your business only uses one property - you may still be able to get relief if you use more
You will not pay business rates on a property with a rateable value of £12,000 or less, if that’s the only property your business uses.
Interested parties should apply to Derby City Council Non-Domestic rates Department to confirm their eligibility for relief.
Planning and Use
We believe that the premises benefit from planning consent for their existing use.
However, interested parties should make their own enquiries of Derby City Council Planning Department to verify that this is the current position and to determine whether planning consent is required for their proposed use.
Terms
The premises are offered to let by way of a new full repairing and insuring lease for a term of years to be agreed and will include regular rent reviews where appropriate.
The landlord will insure the building and recover the premium from the tenant.
Rent
£7,500 per annum exclusive.
Value Added Tax (VAT)
Prices/rents are quoted exclusive of VAT (if applicable).
Identity checks
In order to comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
Legal Costs
Each party will bear their own legal costs incurred in this transaction.
More information
Listed by
Raybould & Sons
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