Retail premises to let in Sadler Gate, Derby DE1

Sadler Gate forms part of the Cathedral Quarter Business Improvement District being one of the main pedestrianised retail pitches in Derby citycentre.
The street provides a number of high-quality niche retail occupiers, professional services firms, bars, coffee shops, restaurants and public houses within a characterful and historic setting close to Derby Cathedral.
The property is prominently located on the south side of Sadler Gate.
Nearby occupiers include Nandos, bear and The Old Bell Public House.
The Subject is situated close to the Victorian Market Hall which is currently undergoing a multimillion-pound redevelopment to create a destination venue with various stalls, a food court and entertainment space.
Other notable developments nearby include the planned redevelopment of the Assembly Rooms site, the refurbishment of the Guildhall and the imminent construction of the new 3,500 capacity venue at Becketwell.
The unit comprises a three-storey retail shop having a glazed retail frontage to Sadler Gate.
Internally the unit provides open plan retail sales over ground floor with additional rooms over first and second floor.
There is a cellar to lower ground floor level.
The specification includes tiled/timber floors, painted plaster walls, artificial lighting and timber sash windows.
Externally the property benefits from a traditional timber glazed retail frontage with pedestrian access to the front.
We understand that electric (3-phase), water and drainage are connected to the property.
We are advised that VAT is not applicable.
The voa website indicates the property has a ratable value of £10,500 in the 2023 rating list.
No business rates would be payable if the occupier is eligible for small business rates relief. Occupiers should make their own enquiries with Derby City Council.
The premises have planning consent for retail ‘E’ use.
Other uses may be permitted (subject to planning).
The premises are offered to let by way of new effectively full repairing and insuring lease terms for a negotiable term of years, subject to rent reviews were appropriate.
Each party is to be responsible for their own legal costs associated with the transaction.
The EPC is ‘E – 105’ valid until 11th March 2031. A copy is available from the sole agents.
Two forms of id and a recent utility bill must be shown by the occupier.