Freehold Bank Investment
Freehold Bank Investment
The property is situated in a busy pedestrianised location in Derby City Centre on the southern side of East Street, which is located between St Peters Street and Intu Derby. The property adjoins TSB and other nearby occupiers include Nationwide, Card Factory, Blacks, Halifax, Costa, Lloyds Bank, O2, Poundland and Greggs. The location will improve further with the forthcoming opening of a new 20,000 sq ft TK Maxx on Albion Street in February 2018.
Freehold.
The property is situated in a busy pedestrianised location in Derby City Centre on the southern side of East Street, which is located between St Peters Street and Intu Derby. The property adjoins TSB and other nearby occupiers include Nationwide, Card Factory, Blacks, Halifax, Costa, Lloyds Bank, O2, Poundland and Greggs. The location will improve further with the forthcoming opening of a new 20,000 sq ft TK Maxx on Albion Street in February 2018.
Freehold.
The property comprises a large well configured ground floor banking hall with ancillary accommodation on the first floor.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a large well configured ground floor banking hall with ancillary accommodation on the first floor.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First |
Banking Hall/ Ancillary Ancillary |
262.40 sq m 249.50 sq m |
(2,824 sq ft) (2,686 sq ft) |
THE CO-OPERATIVE BANK PLC (1) |
10 years from 19/06/2016 until 18/06/2026 (2) on a full repairing and insuring lease |
£120,000 | 19/06/2021 |
| Total |
511.90 sq m |
(5,510 sq ft) |
£120,000 | ||||
(1) www.co-operativebank.co.uk
(2) The lease provides for a tenant option to determine on 19th June 2021.
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