Key Information
- GIA: 7,148 sq ft (664.07 sqm)
- Substantial corner plot within residential locality
- Within close proximity to Nottingham City Centre
- Suitable for alternative use (subject to requisite consents)
- Price Reduced to £500,000
The property is situated on a substantial corner plot within a predominantly residential area. The property comprises two main elements, a substantial four storey building under a flat roof which is currently utilised in part as a bar, meeting room, snooker hall, office, cellar and benefits from WC's. The other main element is a predominantly single storey social club which benefits from a full bar, kitchen, entertainment space, stage and WC's. To the first floor of this element is a storage room. Both elements benefit from their own separate entrances and have a varied specification. Externally there is a yard area between the properties and an area of land to the front of the four storey building.
Location
The property is located on the corner of Thurgarton Street and Lord Nelson Street within the locality of Sneinton, a small suburb approximately 1.2 miles northeast of Nottingham City Centre. Sneinton is generally characterized by residential buildings and numerous amenities such as a Co-Op located on Sneinton Boulevard. There are numerous bus stops located on Sneinton Boulevard leading into the city and the wider conurbations of Nottingham. The City Centre is also within a 15 minute walking distance.
VAT
VAT will not be applicable to the sale
Rates
From information taken from the Valuation Office Agency (VOA) website, we understand the property is described as "Club and Premises" and has the following assessments:- Current rateable value: £9,000 2023 indicative Rates Payable: £4,491 pa Some parties may benefit from Small Business Rates Relief however all parties are advised to make their own enquiries at the VOA.
EPC
The premises have an EPC assessment of: C-51
Viewing
Viewings are by appointment with sole agents Innes England.
Legal Costs
Each party is to bear their own legal costs incurred. Floor plans are available from the agents.
Accommodation
Area of site: c.0.11 acres Measurements are quoted on a Gross Internal Area basis in accordance with the RICS Code of Measuring Practice, 6th Edition. All parties are advised to carry out their own measured survey.
Planning
We understand the property has been utilised for the following uses: Class F2 (Local Community). The property may be suitable for alternative uses, subject to the requisite consents. (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).