13 Institute Lane, Alfreton

  • High Street Shop Unit Ground Floor Sales: 14,225 Sq Ft (1,325.5 Sq M)
  • To Let
  • Leasehold
  • £65,000 per annum
  • 13 Institute Lane, Alfreton
  • 13 Institute Lane, Alfreton
  • 13 Institute Lane, Alfreton
  • 13 Institute Lane, Alfreton
  • 13 Institute Lane, Alfreton
  • 13 Institute Lane, Alfreton
  • 13 Institute Lane, Alfreton

PROMINENT SUBSTANTIAL RETAIL UNIT FORMERLY OCCUPIED BY WILKO

PRIME POSITION ON PEDESTRIANISED HIGH STREET

COMBINATION OF NATIONAL AND LOCAL RETAILERS NEARBY

ANCILLARY ACCOMMODATION TO THE FIRST FLOOR

AVAILABLE IMMEDIATELY

 

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. The towns Tesco Superstore is also in close proximity.

The property is situated adjacent to the Severn Square Car Park and Alfreton Bus Station.

DESCRIPTION

The premises comprise a corner positioned retail unit, formerly occupied by Wilko’s, providing sales at ground floor benefiting from entrances off Institute Lane and Severn Square. 

The first floor provides a combination of storage, (accessed by way of a goods lift) offices, meeting rooms, staff breakout rooms, along with male, female and disabled WC facilities.

A loading bay is located to the rear of the property accessed vis Chapel 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

1,325.5

14,225

First Floor

1,060.3

11,413

Total

2,385.8

25,638

Floor Plans are available from the Agent upon request.

TERMS OF DISPOSAL

The premises are available immediately by way of a new fully repairing and insuring lease for a term of years to be agreed.

Consideration will also be given to a sale for the freehold interest in the subject premises.

QUOTING RENT

The property is available at a rental of:

£65,000 per annum exclusive

GUIDE PRICE

Offers are invited for the freehold in the region of:

£750,000

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: £96,500

SERVICES

It is understood that mains 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 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 sums are quoted exclusive of VAT, if applicable.

ENERGY PERFORMANCE CERTIFICATE

An EPC has been requested and will be made available in due course.

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:

Downloads

Location Map

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.