The property comprises a fully let parade of retail units laid out over ground, first, second and third floors. Each unit benefits from a modern glazed shop front. The upper floors provide ancillary accommodation. There is a car park to the rear of the building accessed via Thorntree Lane with loading also via the rear.
Location
Derby is a major East Midlands city with a resident population of approximately 256,800 and 2.1 million within a 45 minute drive time. The city is home to a renowned university and major employers such as Rolls Royce, Toyota, Bombardier and Vaillant boasting a world leading advanced manufacturing industry and the highest average UK salary outside of London and the home counties (source Marketing Derby). Derby has benefitted from over £4 billion of inward investment since 2011 with the Vaillant Live Arena and refurbished Market Hall having recently opened to great success.
The property is located on East Street within Derby city centre’s prime high street, which is a high footfall retail and leisure location connecting the main city bus station, the Derbion Shopping Centre and St Peters Street. Directly opposite, the Eastern Gateway project, revamping the former Eagle Centre Market entrance to the Derbion, is underway and set to provide a massive boost to this location. Nearby occupiers include Greggs, Nationwide, TK Maxx, Genting Casino, Admiral, Phat Buns and more.
Accommodation
1 East Street 3,852 sqft
2 East Street 1,371 sqft
4 East Street 1,565 sqft
6 East Street 1,617 sqft
Terms
SERVICES Each tenant are responsible for their own utilities.
ENERGY PERFORMANCE Further information available upon request.
LEGAL COSTS Each party is responsible for their own legal costs
Specification
• Prime pedestrianised high street location in Derby city centre
• 4 x Retail units
• Income of £103,000
• 8,405 sq ft of retail & leisure accommodation