The property is located in the Nottingham suburb of Lenton, on Castle Boulevard/Lenton Boulevard and Abbey Bridge roundabout. Well situated close to the Nottingham ring road, providing good access to Junctions, 24, 25 & 26 of the M1 motorways via A453, A52, and A610 respectively. Close to Castle Marina and Castle Boulevard shopping/retail park and Queens Medical Centre. The property is surrounded predominantly by residential dwellings, with a range of commercial amenities to include shops, restaurants and convenience store.
The demise will be set over the ground floor of the former Grove public house and will comprise approximately 223 sq m (2,400 sq ft).
The property will require a full refurbishment by the incoming tenant, some landlord works will form part of the overall conversion and development.
Planning is being sought for 40 student bedrooms to the upper floors.
Open plan space on the ground floor. The space will need to be configured to suit the operator to include kitchen, w/c's, staff welfare facilities and other ancillary space as required as the oulet will need to be self-contained with no use of upper floor space.
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.
Offered for let on a 10 year lease - fully repairing and insuring lease. Specific Terms negotiable
Passing rent of £40,000 plus vat per annum.
According to the valuation office agency website the Grove doesn't have a current listing for its rateable value. The property will need to be re rated when a tenant takes occupation. Interested parties are advised to make their own enquiries.
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.
Both Parties will be responsible for their own legal costs.
A service charge will apply to the communal areas and buildings insurance when the residential development has taken place to the upper floors. Further information will be made available to interested parties within the legal pack.
No parking with the property although permit parking is available on the surrounding side streets.
Currently with planning for A4 public house with premises licence (available upon request), alternate uses subject to planning may be considered by the landlord.
Viewing is strictly by prior appointment via the sole agents Moores Commercial [use Contact Agent Button] or via [use Contact Agent Button]