14/16 Cornmarket, Derby, DE1 1QH

Prominent Retail Investment


Investment Summary
High yielding retail investment opportunity
Prominent position on Cornmarket in Derby City Centre
125 year long leasehold
Let to Superdrug and Watts Jewellers
Includes 32 car parking spaces
For indicative purposes only
Current net rental income of 106,619 per annum
We are seeking offers in excess of 800,000 exclusive
(Eight Hundred Thousand Pounds Sterling) subject to
contract, reflecting a net initial yield of 12.63%

14/16 Cornmarket, Derby, DE1 1QH www.lshinvestmentsales.co.uk

Location
Derby is the administrative centre of Derbyshire and is one of the largest
commercial centres in the Midlands. It is situated approximately 21km (13
miles) west of Nottingham, 26km (41 miles) north east of Birmingham and
204 km (127 miles) north west of London. Derby benefits from excellent
communication links with the A50 providing a convenient dual carriageway
connection to the M1 and M6, and a train journey time of 1 hour 40 minutes Derby
to London (St Pancras). The city is served by East Midlands International
Airport which is located approximately 12 miles to the south east.

Situation
The property is situated in a prominent position in pedestrianised Cornmarket,
a short distance from St Peters Quarter and Intu Derby shopping centre. The
property is strategically positioned between the main St Peters Quarter and the
Cathedral Quarter and is directly opposite Primark. Other notable retailers in
the vicinity include Caffe Nero, Sports Direct and Tesco Express.

Description
The property comprises a two storey mid-terrace building with 32 car parking
spaces to the rear. The property provides separate accommodation for two
retailers trading as Superdrug and Watts Jewellers. The enclosed car park to
the rear is accessed off St James Street.

14/16 Cornmarket, Derby, DE1 1QH www.lshinvestmentsales.co.uk

Tenancies
Description Tenant Start Date End Date Current Rent Total Floor Break Comments
Per Annum Area Sq Ft Option

Unit 1 Superdrug Stores PLC 25-Jun-14 24-Jun-19 65,000 6,496 25-Dec-17 Ground floor of 3,351 sq ft and first floor of 3,145 sq ft.

Unit 2 WE Watts (Jewellers) Limited 17-Apr-02 16-Apr-23 60,000 2,591 n/a Ground floor of 1,561 sq ft and first floor of 1,030 sq ft.

Car Park Various n/a n/a 21,600 n/a n/a 4 spaces at 900 per annum and 18 spaces at 1,000 per annum.

Right of Way Barclub Trading Limited 12-Nov-14 11-Nov-24 5,519 n/a n/a Right of way for fire escape only.

Head lease (see tenure) n/a 24-Jun-72 23-Jun-97 -45,500 n/a n/a See Tenure below for further info on long lease and ground rent.

Totals 106,619 9,087

Tenure
The property is held by way of a long leasehold for a term of 125 years from
24th June 1972 at a passing rent of 45,500 per annum. The rent reviews are
14 yearly and are geared to gross rental value. The next rent review is due on
24th June 2028.

Energy Performance Certificate

The property benefits from the following EPC ratings:-
Unit 1 E109
Unit 2 D88
EPC Certificates are available on request.
For indicative purposes only

14/16 Cornmarket, Derby, DE1 1QH www.lshinvestmentsales.co.uk

 VAT
The property is elected for VAT. We anticipate that this transaction will be
treated as a Transfer of a Going Concern.

Proposal
We are seeking offers in excess of 800,000 exclusive (Eight Hundred
Thousand Pounds Sterling), subject to contract for the long leasehold interest.
This reflects a net initial yield of 12.63% assuming purchasers costs at 5.49%.

Contacts
For further information, or to arrange a viewing, please contact:-

Neil McShane Ankur Chadha

028 9026 9205 0121 237 2367
nmcshane@lsh.ie achadha@lsh.co.uk

Lambert Smith Hampton Lambert Smith Hampton

Clarence House Interchange Place
4/10 May Street Edmund Street
Belfast BT1 4NJ Birmingham B3 2TA
Subject to Contract and Exclusive of VAT Lambert Smith Hampton January 2016.
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (LSH) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or
the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or
reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant
must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of
any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees
or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or
refurbishment prospective buyers or tenants should not rely on any artists impressions or architects drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must
take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.

14/16 Cornmarket, Derby, DE1 1QH