Commercial development for sale

The Radford Methodist Church is offered for sale. Situated close to the junction of Radford Boulevard and Ilkeston Road on Forster Street in Radford. The surrounding area is predominantly residential. The building provides a Church Hall on the ground floor. There are 6 flats over, let on a long lease to Nottingham Community Housing Association with approximately 28 years unexpired.

The ground floor Church Hall would suit a continuing religious use, conversion or redevelopment subject to the appropriate planning consent. A indicative scheme has been drawn showing conversion of the ground floor to 3 no. 1 bed flats. Pre-Application advice has been obtained from Nottingham City Council.

The upper floors have been let by way of a long lease (65 years from 24 June 1987, expiring 23 June 2052) producing a rent equivalent to 1/12 of the total income received from letting the flats (equating to £2,600 per annum approx.)

Offers are invited for the freehold of this property.

Location
The property is situated on Forster Street in Radford, close to the junction of Ilkeston Road and Radford Boulevard. This is within a popular area for student development being situated close to both Jubilee and University Park campuses and on the outskirts of Nottingham city centre.

The Site
The building sits on the majority of the site area. The site area is 266.6 sq. m approx. The gross internal floor area of the ground floor hall is 189.8 sq. m (2,043 sq. ft). The building is part two and part three storey. The upper floors have been let by way of a long lease (65 years from 24 June 1987, expiring 23 June 2052) to Nottingham Community Housing Association who have converted the accommodation in to 6 no. self contained flats.

The property is not listed and is not situated within a conservation area.

Planning Permission
Places or Worship and Church Halls fall within the F1 use class. Uses within this use class include:

a) the provision of education,
b) for the display of works of art (otherwise than for sale or hire),
c) as a museum
d) as a public library or public reading room,
e) as a public hall or exhibition hall,
f) for, or in connection with, public worship or religious instruction

Floor Plan
The Floor Plans show the general arrangement of the property.

Floor Areas
The Gross Internal Floor Area is 189.8 sq. m (2,043 sq. ft) approx. The Floor Plan shows the layout.

Church
Radford Methodist Church is dated 1890 and is understood to have been built to provide religious education. More recently the ground floor has been used as a church and for community purposes. There is an entrance hall to the right and side with male and female and disabled WCs off. This opens to the Main Chapel. To the rear is an altar / stage and store / vestry and kitchen to ether side. There are two meeting rooms to the rear.

There are two entrances to the upper floors, one to the right hand side rear and a separate access to the left hand side rear. Note the yard area to the left hand side falls outside the ownership but rights of way exist over this land.

Mezzanine Level
A two bedroom flat.

First Floor
Split in to 5 no. 1 bed flats

Lease of Upper Floors
The upper parts of the property are let by way of a 65 year lease from 24 June 1987, expiring on 23 June 2052 (approximately 28 years unexpired). Rent equivalent to 1/12 of the annual rental income received from the upper parts is paid (currently around £2,600 per annum). This is paid quarterly in arrears. The lease is drawn on effective full repairing and insuring terms with the tenant paying 63.65% of the repair costs and insurance premium.

Pre-App Advice
Discussions have taken place with Nottingham City Council, the local planning authority, for the redevelopment of the Church Hall to provide 3 no. 1 bed flats. Copies on the Plans and Pre-App advice can be made available on request.

Outside
There is a yard to the right hand side of the building providing access to the Entrance Hall. There is also one of the access to the upper floors. The other access is located at the other end (left hand side) of the building across land that falls outside the ownership. There are rights of way over this land and access to a side door (meeting room as indicated on the Floor Plan).

Terms
The Church is looking to sell ideally on an unconditional basis. Consideration will me given to conditional offers but the preferred sale would be on an unconditional basis.

EPC Rating
Places of Worship are exempt from the EPC Regulations

Further Information and Viewings
For more information or to view the property, contact Dan Walker in our Commercial Property Department on Direct Line:[use Contact Agent Button] or by email [use Contact Agent Button] Viewing is by prior arrangement.

Interested parties that wish to do so from the outside are advised to check the site boundaries of the ownership as per the line edged red on the site plan attached to these details. They are kindly requested not to enter the land belonging to the neighbour, Nottingham Community Housing Association shown edged in blue.