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Commercial Property for sale

Oak Street, Derby, Derbyshire, DE23

Offers in Region of £70,000
842 sq. ft.

Property Description

Commercial information

  • 842 sq ft (78 sq m)

Full description

Tenure: Freehold

The property is situated within a terrace of retail / storage units on Oak Street, within the suburb of Normanton. Derby City Centre is approximately 0.9 miles distant and Derby Railway Station 1.1 miles. The area is very well served by public transport links and there are a wide variety of independent and multiple businesses in the near vicinity.

The property comprises a single story unit, of brick construction, under a flat, sheet metal roof. Internally is a sales area, office, WC, preparation area, walk-in chiller unit and plant room. The majority of the property benefits from tiled flooring and fluorescent strip lighting. The premises recently gained a five star hygiene rating from Derby City Council.

The specific accommodation arrangements are as follows;

Retail Area - 184sq.ft / 17.1sq.m
Staffroom / Office - 60sq.ft / 5.6sq.m
Plant Room - 14sq.ft / 1.3sq.m
Preparation Area - 343sq.ft / 31.9sq.m
Chiller Unit - 241sq.ft / 22.4sq.m

NIA - 842sq.ft / 78.3sq.m

We understand mains electricity, water and drainage are connected to the premises.

We understand the property has existing use consent, by virtue of the current use, of A1 (Shops), as defined by the Town and Country Planning (Use Classes) Order 1987. We would advise interested parties to make their own enquiries of the local authority.

Description - Shop and Premises
Rateable Value - £4,450

The property is currently let and the tenant is ‘holding over’ under a lease that expired on 21st September 2015. The current rent paid is £4,800 (four thousand eight hundred pounds) per annum and the lease is excluded from Sections 24-28 of the Landlord and Tenant Act 1954, relating to security of tenure. Lease renewal negotiations are currently ongoing.

Alternatively, vacant possession could be provided subject to a suitable notice period.

Offers are invited in the region of £70,000 (seventy thousand pounds).

Each party is to be responsible for their own costs in connection with this transaction.

We are awaiting confirmation of the position in respect of VAT.

EPC Rating - 104
EPC Band - E

A copy of the certificate is available on request.

Strictly by prior arrangement through the sole agent;
Gadsby Nichols,
21 Iron Gate, Derby, DE1 3GP
Tel: 01332 290390
Mob: 07795 456191


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