- Retail Unit To Let: 1,197 sq. ft (11.2 sq. m)
- Situated within a neighbourhood shopping parade in Wollaton, an affluent residential area to the West of Nottingham
- Unit currently in A2 use but other uses may be possible subject to planning permission where necessary
- Owners looking to attract an excellent business to compliment the other traders in the parade
- Offered to let from September 2019 on new lease on FRI terms at £25,000 per annum exclusive
- Ground floor only - first floor flat can be made available if required subject to additional rent
- Clear open retail unit to be provided with new shop front
- The EPC Rating is D: 99
- Availability date: 29 Sep 2019
- Long term let
A ground floor retail unit of 1,197 sq. ft offered to let by way of a new lease. The unit is currently fitted out as a bank but the owners intend to open the unit up to provide a clear retail area ready for the incoming tenant to fit out. New WC facilities will be added and the front will be altered to a traditional retail design.
The units stands within the popular shopping centre on Bramcote Lane, Wollaton, The owners are looking to attract another retailer that compliments and enhances the retail offer at the centre rather than duplicates the existing provision. Interested parties are invited to discuss their proposed use with CP Walker & Son.
The owners are intending to refurbish and let the upper floor flat separately but this can be included within the demise if further ancillary accommodation is required.
Bramcote Lane Shopping Centre
The Bramcote Lane shopping centre is a prestigious local shopping area situated in Wollaton, an affluent suburb of Nottingham. In addition to the good quality surrounding housing, the location is easily accessible from the A52, the main arterial route connecting Nottingham City Centre with Derby and the M1 Motorway at Junction 25.
The centre has a good mix of good quality local and national retailers and is anchored by both Sainsburys and Co-Op convenience stores. CP Walker & Son manage the south side of the centre and are looking to attract a retailer to the centre that compliments and enhances the offer. The type of user is very important to the owners - they are keen to attract a retailer that helps to draw people to the parade and enhance the facilities for the people that live, work and visit the centre.
The Floor Plan shows the general arrangement of the property.
The retail unit is currently fitted out for Bank use with some areas of partitioned offices. However, the intention of the owner is to provide an open sales area ready for the incoming tenant to fit out. WC facilities would be created within the rear of the unit subject to occupier requirements. The intention would also be to create a new retail style shop front.
There is a two bedroom flat situated over the property. The Landlord is intending to refurbish the flat and let separately. However, the flat could be let with the shop if required subject to an additional rent.
There is car parking for shoppers to the front of the unit. To the rear is a linear service yard.
Net internal Sales area: 111.2 sq. m (1,197 sq. ft)
Internal width (front): 7.83 m (25'8)
Internal width (rear): 10.00 m (32'10)
Shop Depth: 12.74 m (41'10)
A WC would be created at the rear of the unit subject to tenant requirements
Rates and Buildings Insurance
The Rateable Value of the premises currently are £14,750 which includes the first floor premises. If the unit is let as ground floor only, we would expect this figure to be reduced to approx £14,335. The Rates Payable for the ground floor only are therefore estimated for 19/20 at £7,040 per annum.
For businesses that qualify for the small business rates relief, the Rates Payable figure would be reduced by around 22% to approximately £5,500.
The tenant is also liable to pay a fair proportion of the buildings insurance premium attributable to the property, estimated at £250 per annum.
The property is available by way of a new lease for a terms of years to be agreed (minimum 5 years) at a rent of £25,000 per annum exclusive payable quarterly in advance. The lease would be drawn on effective full repairing and insuring terms.
Interested parties should provide details of the proposed use. The Landlord's preference is to attract a quality trader that has a track record within their particular use. It is therefore unlikely that new start up businesses will be considered suitable.
Parties wanting to be considered for the unit will have to go through the usual application process - further details available on request from CP Walker & Son.
Further Information and Viewings
For more information or to view the property, contact Dan Walker or Julie Sumner in our Commercial Property Department on[use Contact Agent Button] or by email [use Contact Agent Button] Viewings are by prior arrangement.
The EPC Rating is D: 99
A copy of the EPC is available on request
Bramcote Lane Shopping Centre
Property information from this agent
See more properties like this: