Key Information
- Prominent frontage to Carrington Street
- 4,830 sqtf available including a 1,924 sqft basement
- Suitable for various uses, subject to planning
- Directly opposite Broadmarsh site
- Unit 2: £50,000 per annum exclusive
The subject premises comprises two adjacent retail units currently in shell condition. Both units benefit from a newly fitted attractive glazed frontage and recessed feature doorways. Unit 2 also benefit from a large basement accessed via an internal staircase at the rear, providing storage space. Externally, the property benefits from rear tarmacked car park and secure yard, shared by both units.
Location
The opportunity is located within Nottingham, a commercial hub in the East Midlands. The city is well served by excellent public transport links, with national rail links to London St Pancras, and an extensive tram (NET) network. The wider area has seen a substantial redevelopment, with the landmark Broadmarsh Car Park, new Nottingham College City Hub, 260,000 sqft HMRC building and 319 bed Vita Student Scheme, all located nearby. The property is also situated opposite the former Broadmarsh Shopping centre which will be transformed into a mixed use scheme which will include a green space the size of Market Square, 750 new homes as well as business and office space to provide over 3,000 jobs. The property occupies a prominent position on Carrington Street, providing the main thoroughfare from Nottingham Train Station through to market square. This pitch will soon be fully pedestrianised as the council undertake works to substantially improve the public realm. The surrounding area boasts a strong mix of national retailers which include Café Nero, Subway, Sainsburys and Greggs.
VAT
All figures quoted are exclusive of VAT. The property is registered for VAT which will be charged at the prevailing rate.
Rates
The property is to be re-assessed upon completion of the works. All retail and leisure users will be entitled to 50% in rates payable up until April 2023.
EPC
An EPC has been commissioned and will be available in due course.
Viewing
Viewings are by appointment with Innes England; Matthew Hannah -- 07831 319801 Sam Hall - 07929 204405 Or our joint agent Bruton Knowles Tel: 0115 9347085 Virtual viewings are available on the Innes England website.
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
We understand the property benefits from planning consent for a Drinking Establishment under Use Class Sui Generis under the Town & Country Planning (Use Classes) Order 1987 as amended. The property would be suitable for various uses subject to planning consent and consent of the landlord. (Interested parties are advised to make their own enquiries of Nottingham City Council).