Units 1, 2 and 3
Southmead Way
Uttoxeter New Road
Derby
DE22 3HN
KEY POINTS
• In between Derby Hospital entrance and hospital car park
• Hospital has 7,000 staff & 638,000 patient visits per annum
• Adjacent to Aldi, Premier Inn & Beefeater
• Prominent roadside site (A516/A38 roundabout)
• Ample car parking
• Main arterial route into Derby from A38
• 32,000 vehicles per day
LOCATION
The unit is prominently located on the roundabout linking the A516 to the A38 opposite Derby Royal Hospital. The site is highly visible and easily accessible. Other retailers in close proximity include Aldi, Premier Inn and Beefeater.
DESCRIPTION
The existing unit provides a gross ground floor area of 3,002 sq ft (279 sq m) and has consent to extend a further 500 sq ft (46.5 sq m). The building can be split into up to three smaller units. Alternatively, the unit is available as a whole it is currently vacant but with the benefit of having been fitted out as a restaurant.
LEASE TERMS
The premises are available by way of a new full repairing and insuring lease for a minimum term of 10 years subject to the following base rentals:
Units up to 800 sq ft £27.50 per sq ft
Units in excess of 800 sq ft £25.00 per sq ft
A rent of £67500 is sought of the premises as a whole.
Parties interested in the whole of the premises or an extended premises - rents on application.
TURNOVER RENT
In addition to the Base Rent the landlords will seek a turnover top up with the tenants paying the higher of the base or the turnover. Further details on application.
TIMING
The property can be made available for fit out once exchange of contracts has taken place.
RATES
The rateable value for the premises with effect from 1 April 2011 is £33,000. Interested parties are advised to make their own enquiries of the Local Authority.
PLANNING
The premises currently benefit from an A3 planning consent with ancillary A5. Interested parties are advised to make their own enquiries of the local authority regarding alternative uses.
VIEWING
Viewings can be arranged via sole agents:-
Grice Collins Long:
Neil Grice
01462 833374
ngrice@gcllimited.com
IMPORTANT NOTE
At no time has a structural survey been undertaken and appliances have not been tested. Interested parties should satisfy themselves as necessary as to the structural integrity of the premises and condition and working order of services, fixtures and fittings.
SUBJECT TO CONTRACT
Sept 2011
COMMERCIAL LEASE CODE OF PRACTICE
The landlord has regard to the Recommendations of the Voluntary Code of Practice the Commercial Leases in England and Wales. If you are professionally represented you should ask your advisor for a copy alternatively the document can be found at www.commercialleasecodeew.co.uk or obtained from the Royal Institution of Chartered Surveyors – Tel:0207 3433806.
