Where is the R&D offices located?
Pride Park is located approx 1 mile from Derby City Centre and is generally regarded as a principle location for businesses.
The property benefits from excellent commuter and public transport links with Derby train station situated just 0.6 miles and Derby bus station 1.2 miles to the north west. The property has excellent access to the A38/A50 and the A52 which provides direct access to J25 of the M1 which lies just 7.0 miles to the east.
What does the R&D offices comprise?
Quality semi detached, two storey, laboratory office with raised flooring (with floor boxes for power and data), suspended ceilings with inset LED lighting and air conditioning.
The ground floor is currently fitted out as laboratory space with a range of store rooms. This space will be refurbished and reconfigured to provide Grade A office accommodation. The first floor is made up of largely open plan offices with portioned meeting rooms and a kitchen.
11 onsite self-contained car parking spaces with with additional spaces provided at the nearby Park and Ride.
How has the R&D offices been measured?
The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice.
| Floor |
Sq Ft |
Sq M |
| Ground Floor |
1,840 |
170.94 |
| First Floor |
1,780 |
165.36 |
| Total | 3,620 | 336 |
What has the property been used for?
We believe the property has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be subject to a range of professional uses STP. All parties should confirm the planning position with the relevant Local Authority.
Are there Utilities?
All mains services with the exception of gas are connected to the property.
What is the Rateable Value?
The property is currently listed as an Office and premises under a single assessment on on VOA.gov.uk. The first floor would need to be separately assessed and a budget RV is provided below. This must be confirmed with the VOA.
Rateable Value: £38,250
Estimated Rates Payable: £19,087
How is the property offered?
Leasehold
Office to let by way of a new effective FRI lease for a term of years to be agreed. The lease will be subject to upwards only rent reviews where applicable.
How much is the Rent, and is VAT payable on top?
Rent: £50,000 per annum. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
Is Service Charge Payable?
The tenant shall pay a fair and reasonable contribution towards the estate service charge.
What are the viewing arrangements?
Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents.
OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.