Commercial Property in Derby
3 Market Place, Derby, DE1 3PW
- Lot No: 188
- Property Type: Commercial Property
- Contract Type: Unconditional
Guide Price* £150,000+ plus fees
The property comprises a mid-terraced building currently occupied by a Vape Business extending to approximately 100 sq.ft (93 sq.m). The property benefits from a roller shutter along with side access leading to a rear yard.
The property is held on a lease for 999 years from completion at a current ground rent of a peppercorn per annum.
The property is being sold subject to a 5 year tenancy agreement commencing 16.09.2016 let to Capvar Media Ltd (t/a Vapouround) on a Full Repair and Insuring basis. Current gross income of £25,000 per annum.
The premises are well located in the heart of Derby’s Cathedral Quarter within the boutique fashion pitch of Sadler Gate, which provides a mix of independent and national retailers in addition to a mix of new bars and restaurants. Nearby occupiers include Dr Martens, Joules, White Stuff, Vision Express, Cruise Clothing, and Canopy. Road and bus connections are all within the vicinity with Derby train station within walking distance.
We understand that VAT will not be chargeable on this transaction
See Legal Pack
Date 30th October 2020
Venue National Property Auction - Day 2 (Commercial)
The National Property Auction (Commercial) will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
If you have any questions, call our team on 0345 222 0197