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£6,667 pcm (£1,538 pw) Tenancy info

Retail property (high street) to rent

GF and Basement Licenced opportunity - Nottingham City Centre

£6,667 pcm (£1,538 pw) Tenancy info

Retail property (high street) to rent

GF and Basement Licenced opportunity - Nottingham City Centre

Description

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Letting details

Property description

LOCATION
Well positioned in the City Centre close to the main Market Square and close to the City Centre, the property has good pedestrian access being within walking distance to the main bus station at the Broad Marsh Centre and approximately a 5 minute walk from Nottingham Train station. Nottingham is well positioned within the Midlands, with an estimated population of circa 280,000, the City can be accessed from 3 exits from the M1 (J24 in the South Via the newly built dual carriageway A453, J25 via the A52 at Derby, and J26 Via the A610 to the North) The A453 junction to the South of the City leads to Kegworth and Castle Donington, ideal for Nottingham East Midlands airport and Donington Race track.

DESCRIPTION
The lease demise will occupy the ground floor and basement of 3 storey property, the first and second floors are to be converted into residential/serviced accommodation.

ACCOMMODATION
Current vacant and in need of full renovation, the ground floor space offers 2,492 sq ft with the basement space comprising a range of individual rooms with total space available of 1,895.
The basement would lend itself to stores, cellar, catering kitchen and other ancilliary space to include customer toilets. There is a lift from ground to basement and an external cellar drop.

AMENITIES
Located in the centre of the city the offices benefit from all the amenities close by including all major shopping and dining retailers, just off the tram line and close to major car parks.

SERVICES
All mains services are connected to the properties. The services have not been tested or checked by the Agents.

TERMS
Offered for let on flexible terms whilst the upper floors are being converted to residential/serviced accommodation. The guide rent is £80,000 per annum plus VAT, for a minimum of a 10 year lease term, reviews to be agreed. A rent free period is available to allow in coming tenants time to refurbish the ground and basement levels.

OUTGOINGS
We are advised by the valuation office agency that the current rateable value for the property is £101,000 per annum, for further information interested parties are advised to make their own enquiries with the relevant local authority.

VAT
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.

LEGAL COSTS
Both Parties will be responsible for their own legal costs

PARKING NOTES
Permits are available from most of the main car parks in the city centre, the nearest being the Fletcher Gate car park.

PLANNING
The property currently benefits from A3/A4 planning, although retail uses will be considered planning would need to be changed back to A1 retail.

VIEWING
Viewing is strictly by prior appointment via the sole agents Moores Commercial [use Contact Agent Button] or via [use Contact Agent Button]

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

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The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:

  • A refundable holding deposit (up to 1 week’s rent)
  • A refundable tenancy deposit (up to 5 weeks’ rent (or 6 weeks’ rent if the annual rent is £50,000 or more))
  • A payment to alter the tenancy agreement, when requested by the tenant (up to £50 inc VAT, or reasonable costs incurred if higher)
  • Payments associated with early termination of the tenancy when requested by the tenant
  • Interest, at a rate of up to 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue)
  • A default fee for the replacement of a lost key or security device
  • Payments to service providers in respect of utilities, communication services, TV licence and council tax
  • Other payments, permitted under appropriate legislation, including damages.

A letting or property management agent in England must also be a member of a property redress scheme and a member of a client money protection scheme. For further information, or a copy of their membership certificates, please contact the agent directly.

DISCLAIMER

Property reference 102091000594. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Moores Estate Agents - Commercial. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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