Property Description

Situated within the town centre, opposite the Pomegranate Theatre (located within the Grade 2 listed Stephenson Memorial Hall) and close to Chesterfields famed Crooked Spire Church, the Church of St Mary and All Saints. Corporation Street is the towns hot spot for bars, restaurants and, of course, the aforementioned theatre - currently undergoing renovation works as part of ambitious plans to refurbish and reimagine the venue. Corporation Street is within two minutes walking distance of Chesterfield railway station.

2-4 CORPORATION STREET

Comprising -

Shop - Central Cars Taxi Rank

Floorspace - 1,184sqft / 110sqm. Lease Details - Let on a 5-year lease granted in June 2016 (currently holding over). Rent: £13,850 per annum (£11.70/sqft).

First Floor Office 1 - NJM London

Floorspace - 202sqft / 18.72sqm. Lease Details - Let on a 3-year lease granted in December 2023. Rent: £1,450 per annum (£7.18/sqft).

First Floor Office 2 - Vacant

Floorspace - 227sqft / 21.05sqm.

First Floor Office 3 - Handley Care Services

Floorspace - 237sqft / 22sqm. Lease Details - Let on a 3-year lease granted in August 2023. Rent: £1,700 per annum (£7/sqft).

Second Floor Office 4 - Vacant

Floorspace - 182sqft / 16.9sqm.

Second Floor Office 5 - Holman Stanley

Floorspace - 142sqft / 13.2sqm. Lease Details - Let on a 3-year lease granted in September 2023. Rent: £995 per annum (£7.01/sqft).

Second Floor Office 6 - Vacant

Floorspace - 220sqft / 20.45sqm.

Second Floor Office 7 - Vacant

Floorspace - 167sqft / 15.5sqm.

6-8 CORPORATION STREET

Comprising -

Shop Unit 1 - Aruba Bar

Floorspace - 2,738sqft / 254sqm. Lease Details - Let on a 5-year lease granted in May 2017 (currently holding over). Rent: £25,000 per annum (£9.13/sqft).

Shop Unit 2 - Indian Blues Restaurant

Floorspace - 1,269sqft / 118sqm. Lease Details - Let on a 10-year lease granted in January 2020 (rent review 2025). Rent: £12,050 per annum (£9.49/sqft).

Shop Unit 3 - The Loop Bar

Floorspace - 3,330sqft / 309sqm. Lease Details - Let on a 10-year lease granted in May 2023. Rent: £22,500 per annum (£6.76/sqft).

Shop Unit 4 - Vacant

Floorspace - 151sqft / 14.05sqm.

No. 3 Theatre Lane

Basement level at rear – inclusive to above shop premises

First Floor Office 1A - Vacant

Floorspace - 1,004sqft / 93.27sqm.

First Floor Office 1B - - Pearson Driving Assessment

Floorspace - 2,027sqft / 188.31sqm. Lease Details - Let on a 5-year lease granted in October 2019. Rent: £18,000 per annum (£8.88/sqft). In the process of renewing the agreement at the same rental level for a 2-year period (subject to a mutual break clause at 12-months), commencing in October 2024. The new lease will be contracted out of the Landlord and Tenant Act 1954.

First Floor Office 1C - Vacant

Floorspace - 468sqft / 43.43sqm

Second Floor Office 2A - Vacant

Floorspace - 834sqft / 77.44sqm.

Second Floor Office 2B - Vacant

Floorspace - 439sqft / 40.77sqm.

Second Floor Office 2C - Vacant

Floorspace - 461sqft / 42.83sqm.

Second Floor Office 2D - Vacant

Floorspace - 1,051sqft / 97.62sqm.

TOTAL RENT:

£95,545 (Potential rent of £114,120 if fully let).

Conservation Area

We have been made aware this property is in the Town Centre (Chesterfield) conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.

Tenure

Freehold

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