Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles west of Nottingham
28 miles north-west of Leicester
Roads
A6, A52, A38, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands International Airport
Situation
The property is prominently situated in the heart of Derby City Centre on the north side of Victoria Street, close to its junction with St James Street and The Strand, an area popular with pubs/bars, restaurants and nightclubs as well as Derby’s main retailing offer.
Tenure
Freehold.
Location
Miles
15 miles west of Nottingham
28 miles north-west of Leicester
Roads
A6, A52, A38, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands International Airport
Situation
The property is prominently situated in the heart of Derby City Centre on the north side of Victoria Street, close to its junction with St James Street and The Strand, an area popular with pubs/bars, restaurants and nightclubs as well as Derby’s main retailing offer.
Tenure
Freehold.
Description
The property comprises a nightclub/entertainment centre arranged on part ground, mezzanine and first floors, a retail/showroom arranged on part ground and second floors and a six room former flat on the third floor.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a nightclub/entertainment centre arranged on part ground, mezzanine and first floors, a retail/showroom arranged on part ground and second floors and a six room former flat on the third floor.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
NB. The Nightclub has been measured on a Gross Internal basis. (1) For the year ending 31st December 2013, ABA Leisures (Five) Limited reported a total net worth of £459,458. (Source: www.riskdisk.com 14/012015). Baby Platinum trade from three nightclubs in the UK, in Derby, Manchester and Leeds. (Source: www.babyplatinum.co.uk) The Seller is holding a £32,500 + VAT rent deposit. (2) Cresta Gems is an independent, family run, working goldsmiths who trade from other shops in Heanor and Ripley. (Source: www.crestagems.co.uk) (3) A new lease has been agreed (but not yet documented) for a term of 5 years from 05/10/2014 at a rent of £8,200 p.a.x. with a 3 month rent free period and a tenant option to determine the lease on 05/10/2016. Please see legal pack.
