Commercial
DRAFT DETAILS ONLY
LOCATION
The City of Derby is a major conurbation within the East Midlands and has a resident population in the order of 330,000 inhabitants, and a wide catchment population of some 2.3 million. The City is home to a number of major employers, including Rolls-Royce plc, Bombardier Transportation, Software AG and Toyota Motor Corporation at nearby Burnaston.
Derby has a vibrant City centre, which was recently granted Purple Flag status by the Association of Town and City Centre Management, in recognition of the City's good mix of venues and giving a welcoming and safe environment.
The subject premises are situated within the heart of the prime restaurant and drinking establishment area, on Friar Gate within the Cathedral Quarter of the City. Nearby occupiers include Zizzi's, Pitcher and Piano, and The Almanac, together with a number of independent restaurants including Zest, Okra and Marrakech.
10 Friar Gate -
Provides a very well appointed restaurant to the ground floor trading as The Spice Lounge (www.spicelounge-friargate.co.uk). Together with a first floor flat.
To the first floor is a beauty salon trading as Beauty Spot.
To the second floor there is a self-contained flat comprising one double bedroom, lounge/diner, bathroom and kitchen, and is let on an assured shorthold tenancy (AST) agreement.
Car Park - To the rear of 10 Friar Gate providing fifteen car parking spaces.
PLANNING
We understand from our enquiries that the majority of the buildings fall within the Friar Gate Conservation Area and numbers 7, 11 & 12 Friar Gate are believed to the Grade II Listed.
We would however recommend that any interested parties undertake their own enquiries with the planning department of Derby City Council.
Tenure
Freehold. Subject to the existing tenancies.
Vendors Solicitors/Licensed Conveyancers
Shacklocks, 25 Chapel Street, Belper, Derbys DE56 1AR
Viewings
Strictly by arrangement with either of the joint agents –
James Cokayne MRICS
Graham Penny Auctions
2-6 The Strand
Derby DE1 1BA
Tel : 01332 242880
Fax : 01332 202510
Email : james@grahampenny.com
Andrew Nichols, BSc MRICS
Gadsby Orridge Commercial
6 Royal Buildings
Victoria Street
Derby DE1 1ES
Tel : 01332 290390
Fax : 01332 340726
Email : andrewnichols@gadsbyorridge.co.uk
REF : GOC0
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be
Tenure
Freehold. Subject to the existing tenancies.
Vendors Solicitors/Licensed Conveyancers
Shacklocks, 25 Chapel Street, Belper, Derbys DE56 1AR
Viewings
Strictly by arrangement with either of the joint agents –
James Cokayne MRICS
Graham Penny Auctions
2-6 The Strand
Derby DE1 1BA
Tel : 01332 242880
Fax : 01332 202510
Email : james@grahampenny.com
Andrew Nichols, BSc MRICS
Gadsby Orridge Commercial
6 Royal Buildings
Victoria Street
Derby DE1 1ES
Tel : 01332 290390
Fax : 01332 340726
Email : andrewnichols@gadsbyorridge.co.uk
REF : GOC0
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be
EXCELLENT INVESTMENT OPPORTUNITY
Ground floor restaurant with first floor flat, beauty salon and further self-contained second floor flat along with car park for 15 vehicles
Situated within a prime A3 and A4 location within Derby’s Cathedral Quarter
Current combined rental income of £46,300 p.a.
