Key Information
- 1,162 sqft (108sqm) ground floor sales area
- First floor staff and ancillary space
- Further storage on second and third floor
- Opposite 125,000 sq ft Marks & Spencer Fashion and Food Hall
- £65,000 per annum, exclusive.
The unit previously traded as Pret A Manger and benefits from a prominent glazed frontage onto Albert Street of 6.8m, with a large return frontage onto Castle Gate of 15.5m. The unit is open plan with a customer WC, spot lighting and air conditioning on the ground floor. The first floor, accessed via an internal staircase, provides staff areas and ancillary space, with further storage at second and third floors. The property benefits from a service yard to the rear.
Location
The property is located in Nottingham City Centre, the commercial hub of the East Midlands. The city itself is served with excellent public transport links with national rail links to London as well as an extensive tram (NET) network. The M1 motorway is situated to the west with Junctions 24, 25 and 26 providing good access into Nottingham. The property is located on Albert Street, which with the adjacent Lister Gate, forms an established retail pitch in Nottingham City Centre. This pitch connects Nottingham's Historic Market Square to the Intu Broadmarsh centre, which is currently undergoing a new £100 million redevelopment. Nearby occupiers consist predominantly of large national retailers which include; Marks and Spencer, Scribbler, Hotel Chocolat, H&M and a new c.19,000 sqft Flannels.
VAT
All figures quoted exclusive of VAT.
Rates
Property Description: Shop & Premises Rateable Value: £44,250 Rates Payable: £22,080.75 (based on the small business rates of 49.9p, effective until March 2024). This will come into effect from April 2023. All retail, leisure and hospitality users will be entitled to 50% rates relief or rates payable up until April 2023, which will increase to a 75% discount from April 2023. (Source: VOA)
EPC
Available on request.
Viewing
Viewings are by appointment with Innes England or our joint agent FHP Tel: 0115 950 7577
Legal Costs
Each party is responsible for their own legal costs associated to any transaction.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the property benefits from planning consent, under Town and Country Planning (Use Classes) Order 1987 (as amended), for Use Class E (Commercial, Business and Services use). The retail parade has a planning consent for hot food takeaway use (Class A5). (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).