Institute Lane, Alfreton, Derbyshire, DE55

Property Details: • Type: 721 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Prominent retail unit • Prime position on pedestrianised high street • Combination of national and local retailers nearby • Ancillary accommodation to the first floor • Available February 2025

Location: • Nearest Station: Alfreton Station • Distance to Station: 0.8 miles

Agent Information: • Address: 24 Regent Street, The Park, Nottingham, NG1 5BQ

Full Description: LOCATION The subject premises occupy a prominent location on the eastern 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 retail unit with sales at ground floor level with the upper floors providing a combination ancillary accommodation including storage, staff breakout room and male and female wc facilities.

A fire escape is located to the rear of the property at ground floor level leading on to New Street to the west.

The property, formerly occupied by Specsavers, is currently having a schedule of works completed with further information available from the Agent. The property will be available for occupation from February 2025.

ACCOMMODATION The property has the following Net Internal Areas in accordance with the RICS Code of Measuring Practice, 6th Edition:

Ground Floor Sales: 67 sq m / 721 sq ft First Floor Stores: 44.65 sq m / 481 sq ft Total: 111.65 sq m / 1,202 sq ft

TERMS OF DISPOSAL The premises are available from February 2025 by way of a new fully repairing and insuring lease for a term of years to be agreed.

QUOTING RENT The property is available at a rental of:

£14,000 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: £18,000

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 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.