12 Victoria Street Cathedral Quarter Derby Derbyshire DE1 1EQ

12 Victoria Street
Cathedral Quarter
Derby
Derbyshire
DE1 1EQ

Freehold Leisure, Retail and Residential Investment

• Majority let to ABA Leisure (Five) Limited until 2033 (no breaks)
Tenant trading as Cresta Gems in occupation since at least 2008 and did not exercise their 2016 break option
City Centre location within Derby's main leisure pitch
Nearby occupiers include Revolution, Turtle Bay Restaurant, a number of additional pubs/bars and Caffè Nero, Superdrug and Savers

Lot
79
Auction
19th October 2017
Rent
£73,200 per Annum Exclusive
Status
Sold
Price
£575,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Leisure, Retail and Residential Investment

• Majority let to ABA Leisure (Five) Limited until 2033 (no breaks)
Tenant trading as Cresta Gems in occupation since at least 2008 and did not exercise their 2016 break option
City Centre location within Derby's main leisure pitch
Nearby occupiers include Revolution, Turtle Bay Restaurant, a number of additional pubs/bars and Caffè Nero, Superdrug and Savers

Lot 79
Auction 19th October 2017
Rent £73,200 per Annum Exclusive
Status Sold
Price £575,000
Sector
Leisure
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 15 miles west of Nottingham, 37 miles north-east of Birmingham
Roads: A6, A38, A52, M1 (Junction 25)
Rail: Derby Railway Station
Air: East Midlands Airport, Birmingham 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 junctions with St James Street and The Strand, an area popular with pubs/bars, restaurants and nightclubs, as well as Derby's main pedestrianised retailing offer.

Tenure

Freehold.

Location

Miles: 15 miles west of Nottingham, 37 miles north-east of Birmingham
Roads: A6, A38, A52, M1 (Junction 25)
Rail: Derby Railway Station
Air: East Midlands Airport, Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a nightclub arranged over basement, part ground, mezzanine and first floors with an additional kiosk/showroom arranged over part ground and second floors and a six room former flat on the third floor.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Basement Part ground Mezzanine Part first Part first	Cellar/Ancillary Nightclub/Ancillary Nightclub/Ancillary Nightclub/Ancillary Residential	43.19 sq m 175.80 sq m 30.64 sq m 18.58 sq m Three room flat	(465 sq ft) (1,892 sq ft) (330 sq ft) (200 sq ft)	ABA LEISURE (FIVE) LIMITED (1) t/a Baby Platinum	25 years from 22/04/2008	£65,000 (2)	22/04/2018 & 5 yearly (21/04/2033)
Part ground Second	Retail/Kiosk Showroom/Ancillary	11.14 sq m 110.55 sq m	(120 sq ft) (1,190 sq ft)	INDIVIDUAL t/a Cresta Gems (3)	5 years from 05/10/2014	£8,200	05/10/2017 (04/10/2019)
Third	Residential	Six room flat		VACANT POSSESSION
Residential		389.90 sq m	(4,197 sq ft)			£73,200

(1) Baby Platinum trade from three nightclubs in the UK, Derby, Manchester and Wigan (Source: www.babyplatinum.co.uk).
(2) The seller is holding a £32,500 + VAT rent deposit.
(3) Established over 25 years ago, Cresta Gems is an independent, family run, working goldsmiths who trade from three shops in Derby, Heanor and Ripley (Source: www.crestagems.co.uk).