Key Information
- 1,830 sq ft (170.01 sqm)
- Mixed-use premises with office workshop and residential use
- Upper floor apartment let at £7,200 per annum (£600 pcm)
- Ground floor suitable for alternative use (STP)
- The ground floor is available to let for a term of years at a rent of £10,000 per annum. Alternatively, the freehold is availble to purchase at £225,000.
The property is a semi-detached three-storey building of traditional brick construction under a pitched tiled roof and currently comprises an office and workshop on the ground floor and residential flat on the first floor and second floor. At ground floor, there are a number of cellular rooms that are currently used as a meeting room, offices, and a kitchenette. To the rear of the ground floor there is a single storey workshop that has an electrically operated roller shutter door accessed from Harrogate Street. The upper floors comprise of a 2-bedroom flat, with a separate internal staircase accessed from the side of the building on Harrogate Street, with the entrance leading up to the living room, kitchen and bathroom. The second floor is split across two bedrooms. The flat is currently occupied with the Tenant paying £600 per calendar month.
Location
The property is situated within Netherfield, a well-known suburb of Nottingham. located approximately 5 miles East of Nottingham City Centre. The property lies in close proximity to the A612 Colwick Loop Road which provides access into Nottingham City Centre as well as the surrounding suburbs of Nottinghamshire. The property benefits from excellent public transport links with both Carlton and Netherfield Train Station within walking distance, both offering services to Nottingham City Centre, Leicester, Derby, and Lincoln. Alternatively, Knight Street bus station is immediately adjacent the subject premises offering services to Nottingham City Centre and the surrounding suburbs.
VAT
VAT is not applicable
Rates
From the Valuation Office Agency (VOA) website we understand the ground floor has the following rating assessment: Rateable Value - £4,250 Indicative Rates Payable 2023/2024: £2,120.75 per annum Some parties may benefit from small business rates relief and be exempt from paying any business rates however it is advised all parties confirm with the Valuation Office Agency (VOA).
EPC
The EPC assesment are as follows: Ground floor: - E-123 First/Second floor: - E-41
Viewing
Viewings are by appointment with sole agents Innes England
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
The ground floor measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition. Whilst the upper floor flat is measured on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the property has been utilised for the following uses: Ground floor: Class E (Commercial, Business and Services use). First and Second floor: Class C3 (Dwelling houses). (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).