11 Institute Lane, Alfreton, Derbyshire
- High Street Shop Unit Ground Floor Sales: 2,280 sq ft (211.8 sq m)
- To Let
- Leasehold
- £30,000 per annum
PROMINENT DOUBLE FRONTED RETAIL UNIT
PRIME POSITION ON PEDESTRIANISED HIGH STREET
COMBINATION OF NATIONAL AND LOCAL RETAILERS NEARBY
ANCILLARY ACCOMMODATION TO THE FIRST FLOOR
AVAILABLE FEBRUARY 2024
LOCATION
The subject premises occupy a prominent location on the western side of the pedestrianised Institute Lane in Alfreton town centre, close to its junction with High Street.
Alfreton benefits from excellent road communications sitting adjacent to the A38 which links Junction 28 of the M1 motorway with Derby.
Institute Lane remains a prime retail location within Alfreton town centre with established retailers, including Boots, Greggs, Timpsons, Card Factory and Specsavers.
DESCRIPTION
The premises comprise a double fronted retail unit providing sales at ground floor level with the upper floors providing a combination of further sales with ancillary accommodation including storage, staff breakout room and male and female wc facilities.
A loading bay is located to the rear of the property accessed via New Street to the west.
ACCOMMODATION
The property has the following Net Internal Areas in accordance with the RICS Code of Measuring Practice, 6th Edition:
|
Description |
sq m |
sq ft |
|
Ground Floor Sales |
208 |
2,239 |
|
Ground Floor Loading Bay |
17.24 |
186 |
|
Ground Floor Store |
7.38 |
79 |
|
First Floor Sales / Ancillary |
215.8 |
2,323 |
|
Total |
448.42 |
4,827 |
TERMS OF DISPOSAL
The premises are available from February 2024 by way of a new internal repairing and insuring lease for a term of years to be agreed.
QUOTING RENT
The property is available at a rental of:
£30,000 per annum exclusive
BUSINESS RATES
From enquiries made of the VOA website we understand that the property is currently assessed as follows:
Local Authority: Amber Valley District Council
Description: Shop & Premises
Rateable Value: £44,500
SERVICE CHARGE
A Service Charge is levied on an ad-hoc basis in respect of the structure of the building and communal areas to the rear. Further information is available from the Agent upon request.
SERVICES
It is understood that mains gas, water and electricity are available and connected to the premises.
PLANNING
From enquiries made of Amber Valley District Council it is understood that the property currently has the benefit of a Class E Consent.
Alternative retail uses may be permitted, although interested parties are advised to make their own enquiries of Amber Valley District Council’s Planning Department in respect of their proposed use.
VAT
All rents are quoted exclusive of VAT, if applicable.
ENERGY PERFORMANCE CERTIFICATE
The property has an Energy Performance Asset Rating of C(75).
LEGAL COSTS
Each party will be responsible for their own legal costs involved in this transaction.
Viewing
Strictly by appointment only with the sole agent Geo Hallam & Sons:
- Contact: Giles Davis
- Email: giles@geohallam.co.uk
Downloads
Location Map
- 0115 958 0301
- www.geohallam.co.uk
Property Particulars
MISREPRESENTATION ACT: Geo Hallam & Sons for themselves and for the Vendors or lessors of this property whose agents they are give notice that:
- 1) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract.
- 2) All descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to correctness of each of them.
- 3) No person in the employment of Geo Hallam & Sons has any authority to give any representation or warranty whatsoever in relation to this property.
