Freehold investment opportunity In the heart of Derby s premier shopping & leisure destination Successful cluster of complimentary retail and leisure occupiers Fixed rental increases Scope for value enhancement
Investment Summary Specifications & financial information Old Blacksmith s Yard & 17-20 Sadler Gate has established itself as a prominent cluster of high quality, independent retail and leisure businesses in the historic heart of Derby. Occupying a site of approximately a third of an acre and containing a private courtyard, Old Blacksmith s Yard & 17-20 Sadler Gate comprise a significant portion of the Cathedral Quarter, Derby s premier shopping & leisure destination. Site Area = 14,116 sq ft (1,311 sq m) Floor-space = 12,614 sq ft (1,172 sq m) - Occupied = 10,773 sq ft (1001 sq m) - Under Offer = 776 sq ft (72 sq m) - Available = 1,105 sq ft (103 sq m) Rent passing (with fixed increases) = 53,150 Headline rent of current leases = 109,650 Enjoying a healthy letting profile and fixed rental increases, this freehold investment prospect also offers scope for further value enhancement and asset management opportunities.
Old Blacksmith s Yard Sadler Gate Situation The Forge. 1-6 Old Blacksmith's Yard Business: Bar & Gourmet Grill Embers. 7-9 Old Blacksmith's Yard Business: Wine Bar Blacksmith s Loft. 19-20 (Upper) Sadler Gate Business: Rustic Fine Dining Blacksmith s Lounge. 19-20 (Lower) Sadler Gate Business: Cocktail & Wine Bar Anvil. 18 Sadler Gate Business: Art Gallery & Fashion House London Camera Exchange. 17 Sadler Gate Business: Photographic Services Under Offer to rent. 10 Old Blacksmith's Yard Business: T.B.A Available to rent. 18a & 18b Old Blacksmith's Yard Business: T.B.A
The Forge. Bar & Gourmet Grill Embers. Wine Bar Derby s first gourmet burger bar offers a delicious range of 25 carefully crafted burgers using locally sourced meats. By night, the Forge operates as a relaxed bar serving a fine selection of craft beers and cocktails. A recent 250,000 fit-out has transformed Embers in to one of the most up-market venues in Derby. A trendy café by day and a cosy champagne bar by night, Embers highly trained staff provide table service and extensive mixology expertise. 1-6 Old Blacksmith s Yard 3,769 sq ft (350 sq m) 14.07.14-13.01.20 30,000 p.a EMBERS Eat... drink...relax! 7-9 Old Blacksmith s Yard 1,557 sq ft (145 sq m) 22.02.15-22.02.22 23,000 p.a
Blacksmith s Loft. Rustic Fine Dining Blacksmith s Lounge. Cocktail & Wine Bar Blacksmith s Loft has firmly established itself as one of the best eateries in Derby and consistently features in Derby s top 20 restaurants on Trip Advisor. Offering modern British and European dining within a sensitively refurbished listed building, Blacksmith s Loft provides the perfect blend of contemporary comfort, historic surroundings and mouth-watering cuisine. Blacksmiths Lounge provides the perfect accompaniment to the Blacksmith s Loft restaurant above. Light snacks and sharing platters can be enjoyed with some great wines, creative cocktails, unique spirits and quality beers and real ales. 19-20 Old Blacksmith s Yard (Lower) 2,229 sq ft (207 sq m) 01.08.14-31.07.17 14,000 p.a 19-20 Old Blacksmith s Yard (Upper) 933 sq ft (87 sq m) 01.08.14-31.07.19 17,500 p.a
The Anvil. Art Gallery & Fashion House London Camera Exchange. Photographic services The Anvil is the studio of fine-artist April Young and fashion designer Tanya Burdina and plays host to regular open days and public workshop sessions. London Camera Exchange can trace its origins back to the 1950 s. Today the business has grown to include a total of 28 shops throughout England. April s art project Gifted seeks the input of local people into her sculptures to help provide a snapshot of life in the community. The store on Sadler Gate has been faithfully advising local photography enthusiasts for many years and carries a range of stock chosen by its manager and staff rather than remote and faceless buyers. 18 Sadler Gate 1,827 sq ft (170 sq m) 01.06.14-31.05.17 10,000 p.a 17 Sadler Gate 418 sq ft (39 sq m) 01.02.11-31.01.17 15,150 p.a
Tenancy Schedule Unit 1-6 Old Blacksmith s Yard Occupier Approximate Area Lease Start Date Expiry Current Rent p.a Final Rent p.a Break The Forge 3,769 sq ft (350 sq m) 14/07/2014 13/01/2020 15,000 30,000 Tenant break options on 14/1/16 & 14/1/18 on giving 3 months notice 7-9 Old Blacksmith's Yard Embers 1,557 sq ft (145 sq m) 22/02/2015 22/02/2022 12 month Rent Free Period 23,000 Tenant break option on the second anniversary upon providing six months notice 10 Old Blacksmith s Yard Under offer 776 sq ft (72 sq m) - - - - - 17 Sadler Gate London Camera Exchange 418 sq ft (39 sq m) 01/02/2011 31/01/2017 15,150 15,150-18 Sadler Gate The Anvil 1,827 sq ft (170 sq m) 01/06/2014 31/05/2017 7,000 10,000 Tenant break option on 1/12/15 upon providing 3 months notice 18a Sadler Gate Space Available 834 sq ft (78 sq m) - - - - - 18b Sadler Gate Space Available 271 sq ft (25 sq m) - - - - - 19-20 Sadler gate - Ground Floor Blacksmith's Lounge 933 sq ft (87 sq m) 01/08/2014 31/07/2019 10,000 17,500-19 - 20 Sadler gate - Upper Floor Blacksmith's Loft 2,229 sq ft (207 sq m) 01/08/2014 31/07/2019 6,000 14,000 Tenant break On 3rd anniversary on giving 3 months notice Total 12,614 sq ft (1172 sq m) 53,150 109,650
INVESTMENT FOR SALE PRICE ON APPLICATION Interested? Call: Innes England Chris Sinclair t: 0115 943 5977 m: 07929 204 405 e: csinclair@innes-england.com FHP Noel Roper t: 0115 841 1132 m: 07711 211 511 e: Noel@fhp.co.uk FHP, Innes England, and their clients give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or otherwise. They assume no responsibility for any statement that may be made in these particulars. 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 FHP have not tested any service, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Figures quoted in these particulars may be subject to VAT in addition. May 2015. EPCs available on request