DRAFT DETAILS Department store No Longer Listed 8-9 Iron Gate, Derby

Former department store and bistro in Derby City Centre's Cathedral Quarter, with frontage onto the pedestrianised Iron Gate.

Iron Gate is generally regarded as Derby's prime retail and leisure destination. Nearby occupiers include Slug & Lettuce (Stonegate), Pizza Express, Nando's, The Standing Order (Weatherspoon's), Bear Coffee, Brigdens, along with a number of high quality niche / independent retail occupiers.

The property is located is 0.1miles north of the Becketwell regeneration area which is home to Derby's first purpose built PRS scheme - The Condor - a 269 unit development owned by Grainger Plc. The Becketwell Performance Venue, which is a new 3,500 seat arena is under construction and will open in Q1, 2025. The property is situated close to Derby's Market Hall, which is currently undergoing a comprehensive restoration programme and will be relaunched late 2024 as a city centre market hub with a vibrant food and beverage offer.

The property forms part of a wider "island" site, surrounded by Amen Alley, Full Street and Market Place. Derby City Council are shortly to announce the identity of a strategic development partner who will begin work in 2024 in developing the Market Place as part of that site, providing much needed confidence and stimulus to all the properties positioned along Iron Gate to the front and Full Street to the rear.

The property has good links to public transport and parking. Derby bus station is 0.3 miles to the east and ParkSafe Car Park is 0.2 miles to the north.

What 3 Word location: snaps.funny.gain

Former Bennetts department store and bistro. PP for mixed use scheme. Prime retail and F&B pitch in Cathedral Quarter within Derby city centre. Substantial and versatile accommodation split over basement, ground to fourth floor. Small loading area at the rear accessed from Full Street. The proposed accommodation comprises;

RETAIL UNIT 01
Basement: 103.51 sqm (1,114 sq ft)
Ground Floor: 289.55 sqm (3,117 sq ft)
First Floor: 166.09 sqm (1,788 sq ft)

RETAIL UNIT 02
Basement: 182.93 sqm (1,969 sq ft)
Ground Floor: 412.22 sqm (4,437 sq ft)

OFFICE UNIT 01
Ground Floor: 241.34 sqm (2,598 sq ft)
First Floor: 121.85 sqm (1,312 sq ft)

OFFICE UNIT 02
First Floor: 510.28 sqm (5,429 sq ft)
First Floor Mezzanine: 157.58 sqm (1,696 sq ft)

Apartments 1 - 8: 423.8 sqm (4,562 sq ft) a mix of 2 and 3 bed.

The accommodation has been quoted on a Gross Internal Area (GIA). Existing areas have been taken from the VOA, proposed have been taken from architect drawings and should be checked.

The property has been used as a department store and bistro under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended). By way of a consent referenced 23/00226/FUL, permission has been granted for conversion to a mixed use including retail, restaurant, offices and 8 x apartments (uses E(a), E(b), E(c) and C3).

Works include renovation and repair to building envelope, layout alterations, partial demolition works to rear of No. 8, provision of new entrances and glazing to rear and rooftop extension at second floor.

9 Iron Gate is Grade II List (Entry Number: 12278410). Listed building consent referenced 23/00227/LBA has been granted in respect of works related to the above.

The former department store for sale may be suitable for a range of city centre, high street or professional uses STP. All parties should confirm the planning position with the relevant Local Authority.

It is to our understanding that mains services to include 3 Phase electric are available at the property. No gas. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

The property is currently listed as a shop and premises on VOA.gov.uk.

Rateable Value: £78,000

Estimated Rates Payable: £39,936

Freehold

Former department store and bistro for sale freehold. Please note offers that are; subject to planning or without demonstrable proof of funds / finance will not be considered.

£650,000 offers in excess of. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT.

C (74) Expired Nov 2022. It is anticipated the property shall be sold for conversion.

Please contact us or visit the OMEETO website for full details and a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting OMEETO or our join commercial property agents Rigby & Co. The agents do not take any responsibility for any loss or injury caused whilst carrying out a site visit.