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6 - 10 Albert Street, , Derby, DE1 2DS
9,174 Sq Ft / Retail
Withdrawn - Last updated: 04 May 2021
Summary
High Yielding Freehold Retail Investment in Derby City Centre.
Location
Derby is an important economic and commercial centre within the East Midlands, located 21 km (13 miles) west of Nottingham, 51 km (32 miles) north west of Leicester and 56 km (35 miles) north east of Birmingham.
The city benefits from excellent road communications being situated approximately 6 km (10 miles) west from Junction 25 of the M1 Motorway, accessed via the A52.The city is aso served via the A38 passing immediately to the west of the city, connecting Derby with Burton-On-Trent and Birmingham to the south as well as the A50, linking Derby to both the M1 and M6 (via Stoke-On-Trent).
Derby has a population of 254,000 (ONS, 2015) and is well served by public transport. Derby Railway Station provides regular high-speed services to London St Pancras and Birmingham New Street stations.
East Midlands Airport is located approximately 7.5 km (12 miles) to the south east of the City centre, in addition to Birmingham Airport 31km (19 miles) south east of the City.
Specification
The property comprises five retail units arranged over ground and first floors with extensive loading yard to the rear. Three units are occupied by Valley CIDS, Cancer Research UK and PDSA. The remaining two units are currently under offer.To the rear of the property is a service yard providing loading access to each unit. Primark have access rights to use this service yard for loading purposes. They have entered into a formal lease agreement where they pay rent for the benefit of this right.The property is of modern construction dating from the 1980s under a pitched roof whilst Unit 3/4 features dual aspect frontage and a feature turret style first floor layout. Each unit provides a ground floor sales area with further trading and /or ancilliary accommodation at first floor level.
Situation
The property is located in Derby City centre in an established trading pitch. The property benefits from a prominent corner position with frontage onto both Albert street and Osnabruck Square, adjacent to Derby Market HallAdjacent to the property, to the west, is a large Primark store that benefits from access from both Albert Street as well as Cornmarket.Derbys main retailing offer comes from the Intu Derby shopping centre, located just to the south of the property via Exchange Street. Intu Derby comprises approximately 120,774 sq m (1,300,000 sq ft) of retail, food and leisure space around four themed malls. Anchor tenants at the scheme include Marks & Spencer, Sainsburys, Next and Debenhams. Additionally, there is a 3,647 space car park which is the main parking destination for the City centre.Derby is a heavily pedestrianised and compact City. The main trading area is all pedestrianised and connects to Derby bus station, located within a 2 minute walk north of the property and providing a significant amount of footfall.Surrounding major national retailers include Primark, HSBC,Superdrug, Farm Foods, Burton, Sports Direct and Debenhams.
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