Leatherworks Denman Street East

Location

Denman Street East
Nottingham
Notts
NG7 3GX

Size

0.4 ac (0.16 ha)

Price

Offers are invited on an unconditional basis for the entire site

Self-contained site bounded on all sides by public highway comprising a purpose built two storey detached property and secure yard/ car park currently used as a snooker club together with a vacant three storey period building. Nottingham City Centre is situated approximately 0.5 miles to the southeast and provides a broad range of retail and leisure amenities. Local facilities are also situated within easy walking distance along both Ilkeston Road and Alfreton Road including a number of hairdressers, hot food takeaways and convenience stores. Nottingham has the 6 th largest student population in the UK, with circa 70,000 students enrolled to both universities. The site is within circa 0.5 miles of Nottingham Trent University City Campus, circa 1 mile of the University of Nottingham Jubilee campus and circa 1.5 miles from the University of Nottingham's main campus. The site also benefits from excellent public transport connections with Nottingham's Tram, Bus and Rail services all within walking distance. The site also benefits from good road connections being within close proximity to Nottingham's Ring Road which provides access to Junctions 24, 25 and 26 of the M1 Motorway as well as the wider conurbation. The site has planning permission for a 100-bedroom student accommodation development consisting of studios and cluster bedrooms served by kitchen accommodation. The planning also includes a central courtyard and communal area on the ground floor. (Planning reference 21/00001/PFUL3). Freehold subject to an occupational lease of part of the site for a term of 20 years from the 5th of December 2012 at a current passing rent of £22,500 pa. There is an upwards only rent review due 5th December 2022 to the higher of the open market, index-linked rent or £25,000 pa.The lease is personally guaranteed and is outside the security of tenure provisions of the Landlord and Tenant act and incorporates a rolling landlord break option. A copy of the lease is available from the online information pack. Offers are invited on an unconditional basis for the entire site The site can be viewed from the public highway but please notify the agent of any viewings. Please note that Innes England and/or the Vendor take no responsibility for any loss or injury caused whilst carrying out a site visit.

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