Commercial
FOR SALE BY AUCTION: FRIDAY 14TH FEBURARY 2014
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
The opportunity comprises a portfolio of a number of properties that are immediately adjoining and have extensive frontage to Friar Gate, together with the benefit of rear vehicular access from George Street.
LOCATION
The City of Derby is a major conurbation within the East Midlands and has a resident population in the order of 330,000 inhabitants, and a wide catchment population of some 2.3 million. The City is home to a number of major employers, including Rolls-Royce plc, Bombardier Transportation, Software AG and Toyota Motor Corporation at nearby Burnaston.
Derby has a vibrant City centre, which was recently granted Purple Flag status by the Association of Town and City Centre Management, in recognition of the City's good mix of venues and giving a welcoming and safe environment.
The subject premises are situated within the heart of the prime restaurant and drinking establishment area, on Friar Gate within the Cathedral Quarter of the City. Nearby occupiers include Zizzi's, Pitcher and Piano, and The Almanac, together with a number of independent restaurants including Zest, Okra and Marrakech.
DESCRIPTION
The opportunity comprises a portfolio of a number of properties that are immediately adjoining and have extensive frontage to Friar Gate, together with the benefit of rear vehicular access from George Street.
7 Friar Gate
An attractive Georgian style property comprising offices at ground, first and second floor levels, currently let.
7a Friar Gate
Ground Floor retail/cafe trading as Cafe Italia.
8 Friar Gate
Ground floor retail outlet trading as Friar Gate Alteration (www.friargatealterations.co.uk).
8a-9a Friar Gate
An amalgamation of buildings which have been converted to a well-appointed and popular bar and restaurant trading as Fat Cats (www.fatcatcafebars.co.uk).
10 Friar Gate
Provides a very well appointed restaurant to the ground floor trading as The Spice Lounge (www.spicelounge-friargate.co.uk). Together with a first floor flat.
To the first floor is a beauty salon trading as Beauty Spot.
To the second floor there is a self-contained flat comprising one double bedroom, lounge/diner, bathroom and kitchen, and is let on an assured shorthold tenancy (AST) agreement.
11-12 Friar Gate
Two adjoining properties each planned over three floors, and let as a whole with the principal trading area on the ground floor providing a very well appointed restaurant and cafe trading as Graze (www.grazerestaurant.co.uk).
Workshop/Store
A modern storage building within the grounds to the rear of Friar Gate and accessed off George Street currently vacant and extending to 450 sq. ft./41.34m2 with four car parking spaces.
Car Park
To the rear of 10 Friar Gate providing fifteen car parking spaces.
ACCOMMODATION AND TENANCY DETAILS
Floor areas and tenancy information on the respective properties are providing on the accompanying schedule of tenancies.
PLANNING
We understand from our enquiries that the majority of the buildings fall within the Friar Gate Conservation Area and numbers 7, 11 & 12 Friar Gate are believed to the Grade II Listed.
We would however recommend that any interested parties undertake their own enquiries with the planning department of Derby City Council.
ENERGY PERFORMANCE CERTIFICATE (EPC)
The assessment for each property is on the attached tenancy schedule. Copies of the full certificates are available on request.
Tenure
Freehold. Subject to the existing tenancies.
Viewings
Strictly by arrangement with either of the joint agents
James Cokayne MRICS
Graham Penny Auctions
2-6 The Strand
Derby DE1 1BA
Tel : 01332 242880
Fax : 01332 202510
Andrew Nichols, BSc MRICS
Gadsby Orridge Commercial
6 Royal Buildings
Victoria Street
Derby DE1 1ES
Tel : 01332 290390
Fax : 01332 340726
REF : GOC0
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £500 (plus VAT) payable on the fall of the hammer.
Portfolio of adjoining commercial properties
• Currently let and income producing £201,050 p.a.
Situated within a prime A3 and A4 location within Derbys Cathedral Quarter
Superb and rare opportunity
Energy Efficiency Ratings ranging from E to G
