Former Co-Op Department Store Ilkeston, Derbyshire, DE7 5SG

Former Co-Op Department Store
Ilkeston, Derbyshire, DE7 5SG
An opportunity to secure retail premises within the new flagship redevelopment of the former Co-op Department Store
in the heart of Ilkeston Town Centre. Offering retail space from 1,050 sq ft to 31,895 sq ft.
The scheme, which is to be the subject of a multi-million pound refurbishment programme, is set to provide a range
of self contained retail units on the ground floor together with sixty high quality apartments on the upper floors.
Ilkeston
Former Co-Op Department Store
Ilkeston, Derbyshire, DE7 5SG
Location
Rating
A substantial and prominent town centre property situated adjacent to
Ilkeston Town Hall at the junctions of South Street, Wharncliffe Road and
Market Place.
Interested parties are advised to make their own enquiries to the Local
Authority for verification purposes.
Rents
The units will be offered at the following competitive rents which are to
be paid quarterly in advance on the usual quarter days and exclusive of
all outgoings:
NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the
Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK)
Limited.
Accommodation
The ground floor is to be sub-divided to provide six self contained retail
units offering flexible open plan space from 1,050 sq ft to 31,895 sq ft.
Consideration will be given to merging units to create a larger retail space
to satisfy larger requirements.
Planning
The units are deemed to be suitable for a wide range of retail and leisure
uses although we recommend interested parties contact Erewash Borough
Council Planning Department to discuss their specific requirements.
Tenure
The units are to be made available on new lease agreements for a flexible
term of years to be agreed. The leases will be drawn of Effectively Full
Repairing and Insuring terms allowing for service charge recovery.
A service charge will be levied for the upkeep and maintenance of
communal areas.
Unit
Size (Sq Ft)
£/PAX
1
10,550
£52,500
2
1,050
£8,250
3
2,370
£15,500
4
2,530
£15,500
5
1,615
£12,250
6
13,780
£58,750
VAT
Rents will be subject to VAT to be charged at the prevailing rate.
Legal Costs
The ingoing tenants will be required to make a contribution of £500 plus
VAT towards the landlords legal costs, to be reimbursed upon completion
of the lease.
Viewings
Strictly by appointment only with the Sole Agent Savills
Savills Nottingham
9 Fletcher Gate
Nottingham
NG1 1QQ
Paul Giles
Tel: 0115 9348054
Email: [email protected]
Victor Ktori
Tel: 0115 9348171
Email: [email protected]
Former Co-Op Department Store
Ilkeston, Derbyshire, DE7 5SG
Savills Nottingham
9 Fletcher Gate
Nottingham
NG1 1QQ
Important Notice
Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the
property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily
comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not
tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise