1409.01 sq. ft (130.9 m²)
Description
The following floor areas have been undertaken from on-site measurements, and are calculated on a net internal area (NIA) basis, as follows: - Ground Floor1,005 sq. ft.93.4 sqm. First Floor 404 sq. ft.37.53 sqm Total NIA1,490 sq. ft.131 sqm.
Stadium Business Court was developed by Melbourne Developments Ltd in or around 2007, and is centrally located within Pride Park, the city's premier business park. The location is very close to Derby County Football Clubs' Pride Park stadium, accessed off Millennium Way, which connects through to Derwent Parade, the principal traffic route through Pride Park. A range of amenities are available on Pride Park and the adjoining Wyvern Business Park. The location is also convenient for Derbys' InterCity railway station, which has twice-hourly trains to London St. Pancras.
Leasehold or Freehold
From enquiries of the Valuation Office Agency (VOA) website, we note the property has a description of åffices and Premises', with a rateable value of £14,500 (fourteen thousand, five hundred pounds). We understand that the property has existing use consent for Offices, now falling within Use Class E of the Town and Country Planning (Use Classes) Order 1987, (Amended) (England) Regulations 2020.
LEASE TERMS The property is available by way of a brand new full repairing and insuring (FR&I) lease, for a term to be negotiated, subject to a three-yearly upward-only rent review pattern, at an initial rent of £16,350 (sixteen thousand, three hundred and fifty pounds) per annum exclusive (pax). VALUE ADDED TAX (VAT) VAT is to be payable on the rent. SERVICE CHARGE There is an annual service charge, which covers the management, landscaping, and maintenance of Stadium Business Court. Further information is available on request from the agents. GUIDE PRICE £210,000 (two hundred and ten thousand pounds). TENURE Please note, the Title to the property is Long Leasehold, held on a 999-year lease from 1st July 2001, at a peppercorn rent.
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