Key Information
- Ground floor sales/store totalling 1,804 sq
- Surrounding retailers include Specsavers, Superdrug, Clarks, Costa and Greggs
- First floor storage and staff area totalling 511 sq ft
- Prominent glazed frontage onto Front Street of 10 metres (32.8 ft)
- £40,000 per annum exclusive.
The premises comprise a two storey property of brick construction. The ground floor of the property comprises an open plan sales area, with changing rooms and storage to the rear. The sales area also benefits from a fully tiled floor, air conditioning, suspended ceiling, and electrically operated roller shutter door. The ground floor also benefits from a roller shutter to the rear of the property, which opens onto a shared rear service yard for deliveries. The first floor is accessed via an internal staircase and provides a further storage area and staff office/break out room.
Location
The property is situated in Arnold, a suburb in the north east of Nottingham. The property is located in close proximity to the A60, which provides access to Nottingham City Centre to the south (4 miles) and Mansfield to the north (11.5 miles). Arnold also benefits from strong transport links with multiple bus services providing access into Nottingham City Centre, as well as the surrounding suburbs. The property is located on a pedestrianised section of Front Street, which forms the prime high street retail pitch in Arnold. Nearby occupiers consist of national and local retailers which include Clarks, Superdrug, Costa and Greggs. The property is located immediately adjacent to Arnold market, which has recently seen plans approved for a substantial £4m transformation. The scheme will provide 7 units to attract independent businesses and a new public square to provide a focal point of the market.
VAT
All figures quoted are exclusive of VAT.
Rates
Property Description: Shop & Premises Rateable Value: £42,250 Rates Payable: £21,082.75 (based on the small business rates multiplier of 49.9p, effective until March 2021) Some retail occupiers may be eligible for a 100% discount on business rates to March 2021. Interested parties should make their own enquiries of the VOA website or Gedling Borough Council.
EPC
The premises have an EPC assessment of 86(D).
Viewing
Viewings are by appointment with sole agents Innes England. Please contact Sam Hall or Ryan Cheema.
Legal Costs
Each party is to bear their own legal costs incurred as part of any transaction.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
From online enquiries of Gedling Borough Council it is our understanding that the property benefits from planning permission for its current use, under Use Class E (Commercial Service & Business) under the Town & Country Planning (Use Classes) Order 1987 and its subsequent amends. Interested parties should make their own enquiries of Gedling Borough Council.