Key Information
- 7,623 sq ft (708.1 sq m) over three floors
- Planning granted for change of use on upper floors to 11 apartments
- Located in the heart of the historic Cathedral Quarter
- Ground floor suitable for a variety of uses
- Freehold offers invited in the region of £795,000
Attractive Grade II Listed Georgian period property of traditional brick construction under a predominantly pitched tiled roof with a small asphalt flat roof section. The main building is of three storeys with a two storey section to the rear. Formerly a bank the premises have a double entrance door leading into the former banking hall, with large open plan space and modular offices and wc's. The upper floors provide a range of offices and ancillary areas including kitchen and w.c. facilities. There is useful basement storage. The premises benefit from lift access. There is a separate access off Iron Gate leading to the main staircase accessing the upper floors. To the rear there is a separate entrance access via a passageway off Sadler Gate.
Location
The property is situated in the heart of the historic Cathedral Quarter overlooking the Market Place at the junction with Sadler Gate. Iron Gate, Sadler Gate and the nearby Friar Gate have long been regarded as the principal food and drink circuit for the city centre. Iron Gate itself has a wide mix of national, regional and independent retailers, restaurant/bar operators and office occupiers. There are ample parking facilities within a short walk.
VAT
All figures quoted are exclusive of VAT. The property is not registered for VAT.
Rates
The property is currently listed as Bank and Premises and has a rateable value of £50,000. The UBR for 2023/4 would be 49.9% . Source VOA website
EPC
A new EPC will be made available.
Viewing
Viewings are by appointment with sole agents Innes England
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
The premises have Class E (Commercial, Business and Services) consent and suitable for a variety of commercial uses. Planning was granted on the 27th June 2023 under Application 22/01519/FUL for the Change of use of the upper floors from bank (Use Class E) to eleven apartments (Use Class C3) including external alterations and Application 22/01520/LBA and for internal and external alterations in associating with the change of use of the upper floors from Bank (Use Class E) to eleven apartments (Use Class C3) and use of the ground floor as a cosmetic surgery clinic.