• First floor – 44m2 (476ft²)
• Second floor – 43m2 (466ft²)
• Situated on Cornmarket, Derby’s prime retail and leisure pitch
• Use Class E suitable for retail, shop, café, restaurant, financial services and more
• Nearby occupiers include national operators such as Cosy Club, Primark, Boo Burger, Pieminister, Café Nero
• Rent – £26,000 per annum

Long time Derby electrical goods retailer and repair service, Anderson Electrical, have relocated from the city centre to Unit 33 Park Farm Shopping Centre, Allestree.  For the last 60 years, this popular business has called Derby city centre home, but has taken the decision to relocate.

Tom Wragg, Associate Director, comments:

“I am pleased to have been able to secure this letting for Park Farm Shopping Centre.  This district shopping centre has a really interesting mix of businesses and Anderson Electrical make a perfect addition.”

FHP have played an essential part in securing the mix of businesses that makes Park Farm such an attractive retail location.

For more information on how we can assist with your district shopping centres, please contact Tom Wragg on 07970 168 138 /  tom@fhp.co.uk  or Corbin Archer on  07929 716 330 / corbin.archer@fhp.co.uk

ENDS

July 2023

FHP are pleased to have acted for long standing clients, Cardzone, in an acquisition of 304 High Street, Lincoln. The property occupies a prime high street location in the heart of Lincoln’s vibrant city centre amongst numerous national retailers.

Tom Wragg, Associate Director comments:

“The property had been occupied by Paperchase until their insolvency in early 2023 creating an excellent opportunity for Cardzone to trade their fantastic new Mooch concept. I am proud to have played a part in identifying this opportunity and negotiating a new lease on behalf of my client.”

Peter Drewitt of Cardzone added:

“I am pleased to have worked with FHP to secure this property, which will be an exciting additional to our new Mooch brand that is being rolled out in selected locations nationwide.”

FHP can help your business in advising on property acquisitions throughout the UK. For more information, please contact Tom Wragg on (tom@fhp.co.uk / 07970 168 138).

• Sui Generis – Public House/Drinking Establishment
• Prominent licensed premises off Market Place
• Licensing hours; Sun – Weds 9am-1am and Thurs – Sat 9am-2am
• Redevelopment potential subject to planning
• Nearby occupiers include The Standing Order, Nando’s, The Hideout, The Cube, Pizza Express, Slug & Lettuce and Bear Cafe.
• Potential for vacant possession
• Price on application

• Newly renovated Unique therapy rooms & suites
• All inclusive rents from £100 – £125 per week
• All inclusive rents include; Electricity, water, high speed business Broadband, rates, waste collection. No hidden extras
• Would suit beautician, cosmetics, nail technician, physio, tattooist, artists and many more professions
• Extravagant Grade 2 listed building filled with unique features
• Flexibility to decorate and design your suite
• Parking available
• Occupiers within the vicinity include Bistrot Pierre, Friary Derby, Popworld & The Distillery
• Rooms range from 18m² to 22m²
• Landlord maintains communal waiting rooms, stairwell, fire alarms, emergency lights and building maintenance

• Affordable retail unit
• Walking distance to Derby City Centre
• Ideal starter unit, would suit takeaway, salon, estate agent (subject to planning)
• Nearby operators include Sour Dough, The Club House and Ace Barbers
• Rent – £9,600 per annum
• Available Autumn 2024

• Affordable retail unit
• Walking distance to Derby City Centre
• Ideal starter unit, would suit takeaway, salon, estate agent (subject to planning)
• Nearby operators include Sour Dough, The Club House and Ace Barbers
• Rent – £9,600 per annum
• Available Autumn 2024

FHP are pleased to have acted for the landlord in letting 2c Central Hall to Busy Beans Cafe. Busy Beans are an established local café who are relocating from the Eagle Market to this Derby city centre location.

Tahsin Kambir of Busy Beans commented:

”I have been managing Busy Beans Cafe in Derby city centre since 2012. Relocating my business to this fantastic location and beautiful building is really exciting for everyone in my team.  We always aim to serve fresh, great tasting food and drinks with a friendly service to our customers each time they visit our cafe.  Me and my team can’t wait for refurbishment to complete so we can meet the lovely people of Derbyshire again and serve our extended menu under our new name which will be revealed later.” 

For more information on how FHP can assist in letting your commercial property in and around Derby, please contact Tom Wragg (tom@fhp.co.uk / 07970 168 138) or Corbin Archer (corbin.archer@fhp.co.uk / 07929 716 330).

“The high street is dead”.

That’s the kind of comment we all hear often – it’s easy to say and at a glance there seems to be a lot of evidence to support it. We’d argue on a closer inspection it’s not quite the whole truth.  Yes, there are empty retail and leisure properties throughout Derby city centre, even on the traditional prime retail pitches of St Peters Street and East Street.  Yes, rising inflation has killed some decent businesses.  Yes, levels of rent have dropped in many locations too. Yet in 2023 alone FHP have completed lettings to national chains Boo Burger and Pie Minister who will soon be open for business.

It is also true that when you see a vacant shop, there is often more going on behind the scenes than meets the eye.   A deal yet to complete. Landlord works underway.  A business in insolvency yet to hand the property back to the landlord whose hands are tied. Recent footfall figures tend to support our view with many locations nearing pre-pandemic levels.

Derby city centre has changed over recent years from the ever strong Derbion centre taking the limelight from St Peters Street to the Assembly Rooms fire and migration of the leisure pitch towards the Wardwick and Friar Gate.  However a walk down Sadler Gate still takes you past a vibrant collection of largely independent boutique retailers, cafes, bars and restaurants with some interesting new additions popping up.  Derby is also changing in fascinating ways that are likely to bring people, and thus businesses, back.  For one, the Becketwell regeneration scheme that will bring 259 high quality apartments to the city centre under phase 1 which is nearing completion. Refurbishment of the historic Market Hall is well underway and is an exciting prospect.

Derby ranks far higher on the average UK salaries chart than you might expect (by some sources, number one outside London but we have been unable to verify this claim).  There are 2.2 million people within a 45 minute drive.  It seems clear there are people and there is money looking for a reason to come to Derby and Derby is beginning to provide that reason and we are seeing this reflected in the number and quality of enquiries.

Even where the prevailing assumption of a struggling high street does hold true, we are finding there is still demand from local and regional operators looking for good quality premises at an affordable rent ready for them to fit out and trade from quickly.  This climate favours landlords willing to take a pragmatic and flexible approach and particularly those willing to ensure their vacant premises are ready for action.We say: “the high street is dead, long live the high street!”

ENDS

May 2023

• Close to the entrance of Derbion Shopping Centre
• Pedestrianised city centre location
• Available on short term flexible options
• Rent – £20,000 per annum
• Price £250,000

• Pedestrianised city centre location
• Close to the entrance of Derbion Shopping Centre
• Occupiers in the vicinity include TK Maxx, Nationwide Building Society, The Sweet Emporium and Greggs
• Rent – £32,000 per annum
• Price – £300,000

Acting for Cardzone, Tom Wragg has agreed terms to renew their lease in this popular neighbourhood retail parade just a few miles from Derby City Centre.

Tom Wragg, Associate Director at FHP commented:

“Cardzone are a well-loved family owned brand and a longstanding client of FHP, so I am pleased to have been able to negotiate terms for them to continue in this location.  Rents in Chaddesden have remained pretty solid with limited vacancy and it remains a sought after location however, we were able to negotiate renewal terms that included a rent free incentive”.

If you require advice with lease renewals or rent reviews, whether you are a landlord or tenant, please contact Tom Wragg via email on tom@fhp.co.uk or by phone on 07970 168 138.

• Ideal starter unit
• Free customer parking for 400 cars
• Shopping Centre anchored by Co-op Food, Wilko, Boots, Costa Coffee and Farmfoods
• Other nearby occupiers include Domino’s Pizza, Birds Bakery and Boyz
• Close to the University of Derby
• Rent £13,750 per annum

• Attractive Grade II Listed building
• Ground floor sales with upper floor ancillary accommodation
• Prominent frontage to St John Street
• Prime town centre location
• Nearby occupiers include Costa Coffee, Henmans Menswear and Young Ideas
• Quoting Rent £24,500 per annum

• Prominent frontage on to Derby’s main retailing pitch
• Suitable for a variety of uses under Use Class E
• Ground floor sales – 1,617ft²
• First floor stores – 1,499ft²
• Rear loading via serviced goods lift
• Nearby occupiers include Subway, McDonalds, Tesco Express and Barclays Bank
• Rent £30,000 per annum

• First floor – 33.51m² (361ft²)
• Second floor – 35.11m² (378ft²)
• Attractive three storey building
• Located on Derby’s popular Sadler Gate
• Nearby operators include Nando’s, The Kitchen, BEAR and The Forge
• Rent – £17,500 per annum

• First floor – 50.25m² (540.68ft²)
• Second floor – 47.07m² (506.66ft²)
• Third floor – 48.76m² (524.85ft²)
• Located on Derby’s busiest shopping street
• Nearby operators include McDonalds, Costa, Harry Ramsdens and Lloyds Bank
• Rent – £13,500 per annum

• Ideal starter unit
• Free customer parking for 400 cars
• 1 car parking space included to the rear of the property
• Shopping Centre anchored by Co-op Food, Wilko, Boots, Costa Coffee and Farmfoods
• Other nearby occupiers include Domino’s Pizza, Birds Bakery and Boyz
• Close to the University of Derby
• Rent £15,000 per annum

As is so often the case in the world of commercial property, a vacancy opens the door to opportunity. One tenant becomes insolvent making way for a well advised landlord to unlock the value in their asset with the right advice – combine units, redevelop upper floors, re-gear leases and so on.

So it was with the retirement of veteran Landlord & Tenant surveyor Mark Bradley at the end of 2022 that his departure after 23 years with FHP working across the retail and leisure sectors opened the door for me, a door which I was more than happy to walk through.

Having worked alongside Mark for a number of years I have tried to absorb as much of his knowledge as possible. I now find myself inheriting not only his cases but a lever arch file of end allowances and Arbitration awards that date back nearly a quarter of a century!

Looking ahead to 2023, it’s no surprise to know we are expecting challenging and changing times in many sectors and regions that, once again, can represent opportunity. With operators looking ever more closely at their outgoings, seeking to reduce rents and benefit from rent free periods, lease renewals are likely to become more contentious whichever side you are on. Particularly in those areas where rents remain strong or have yet to catch up with the economic stresses. Getting good quality advice in these situations is as important as ever, perhaps more so.

Landlords need pragmatic advice to get the best outcome, whether that means taking a co-operative approach to retain a valuable tenant or, as the situation demands, a more bullish strategy to avoid being taken advantage of by national chains playing hard ball.

Likewise acting for tenants, we can use our market knowledge to advise on how to achieve the best deal that keeps your business viable in tough times. This is where I can step in and offer my own advice with the benefit of not only the years of experience Mark Bradley brought to the practice but that of FHP’s award winning agency teams.

For more information on how I can assist with your lease renewals and rent reviews, please contact me by email (tom@fhp.co.uk) or phone (07970 168 138).

• Prime corner position
• Free customer parking for 400 cars
• Shopping Centre anchored by Co-op Food, Wilko, Boots, Costa Coffee and Farmfoods
• Other major retailers include Card Factory, Savers, Domino’s Pizza and Birds Bakery
• Close to Derby University

• Immediately available
• Free customer parking for 400 cars
• Shopping Centre anchored by Co-op Food, Wilko, Boots, Costa Coffee and Farmfoods
• Other major retailers include Card Factory, Savers, Domino’s Pizza and Birds Bakery
• Close to Derby University
• Rent £10,000 per annum

• Pedestrianised city centre location
• Busy thoroughfare linking to the Derbion Shopping Centre with an annual footfall of 20m
• Rear loading
• Use Class E
• Nearby occupiers include TK Maxx, Boots, Nationwide, Greggs, Superdrug and Poundstretcher
• Long & term short options available
• Rent £27,500 per annum

• Prominent City Centre location with excellent transport connections
• Opposite Derby’s Becketwell regeneration scheme
• Benefits from an existing fitout as a clinic
• Suitable for alternative uses including retail, café/restaurant, offices and more
• Nearby occupiers include Primark, Tesco Metro, McDonalds, Superdrug, Caffe Nero, Savers, Cosy Club and Carnero Lounge
• Rent – £20,000 per annum

• Basement stores 880ft²
• Prime pedestrianised location
• Clos to the entrance of the Derbion Shopping Centre
• Available on a new lease
• Suitable for a variety of uses including retail, café/restaurant, financial services, clinic and more
• Nearby occupiers include TK Maxx, Greggs, Poundstretcher, Genting Casino and Holiday Inn
• Rent £30,000 per annum

• Available from December 2022
• Free customer parking for 400 cars
• Shopping Centre anchored by Co-op Food, Wilko, Boots, Costa Coffee and Farmfoods
• Other major retailers include Card Factory, Savers, Domino’s Pizza and Birds Bakery
• Close to Derby University
• Rent £15,000 per annum

• Prime corner position
• Available from October 2022
• Free customer parking for 400 cars
• Shopping Centre anchored by Co-op Food, Wilko, Boots, Costa Coffee and Farmfoods
• Other major retailers include Card Factory, Savers, Domino’s Pizza and Birds Bakery
• Close to Derby University
• Rent £16,500 per annum

• First floor stores 659ft²
• Available from July 2022
• Prime position opposite Derbion Shopping Centre
• Rear loading via serviced goods lift
• Nearby occupiers include Costa Coffee, Poundstretcher, Card Factory, TK Maxx and Greggs
• Rent £25,000 per annum

On behalf of private clients, FHP’s Commercial Property Management team have been instructed on 17-21 High Street, Ruddington.  The property consists of high-quality retail and office/studio space and is well positioned in this desirable Nottinghamshire village.  The services provided will include rent collection, management of service charges, tenant liaison, handling insurance and financial reporting.

Associate Director, Tom Wragg comments “We are excited to be working with new landlord clients, advising on day-to-day management as well as providing strategic advice.  We look forward to building relationships with longstanding tenants and ensuring a smooth transfer of management from the previous agent.

We tailor our services to each client’s unique needs and that of their properties to protect the landlord’s investment and deliver a high-quality environment for their tenants but more than that, we view property management as the gateway to unlocking value in the property through active tenant engagement and proactive advice.  With FHP’s in-house agency, valuation, landlord and tenant and business rates surveyors, we have the expertise to do that.”

If you require further information on how we can manage your commercial properties, please contact Rob Spencer, Tel: 07876 396001, Email: rob@fhp.co.uk

Tom Wragg

2 March 2022

• Established retail location
• Located off pedestrianised St Peters Street
• On street metered car parking
• Suitable for a variety of uses including retail, café/restaurant, financial services, clinic and more
• Rent £17,500 per annum

• First floor stores 725ft2
• Prime corner position
• Free customer parking for 400 cars
• Shopping Centre anchored by Co-op Food, Wilko, Boots, Costa Coffee and Farmfoods
• Other major retailers include Card Factory, Savers, Domino’s Pizza and Birds Bakery
• Close to Derby University