Key Information
- Sales area of 494 sqft (45.9 sqm)
- Prominent frontage of 19 ft (5.8 m)
- Centrally located within Nottingham City Centre and in close proximity to Hockley
- Suitable for a variety of uses (STP)
- £25,000 per annum exclusive
The property comprises a self contained ground floor retail premises with storage and WC provisions at basement level. The sales area provides a vaulted ceiling with floor to ceiling glazing, laminate flooring and LED spot lighting. The basement is full height providing excellent storage space as well as a kitchenette, WC and office accommodation. The space comprises of exposed brickwork and concrete flooring.
Location
The property is located in the heart of Nottingham City Centre, the commercial hub of the East Midlands. The city is served by excellent public transport links including an extensive tram (NET) network connecting the city to the surrounding conurbations as well as to Nottingham Railway Station which provides national rail links to London and Birmingham. The property is located on Victoria Street, a prominent retail pitch connecting The Old Market Square to Hockley, often described as "the Soho of Nottingham" with an eclectic mix of cafes, bars, restaurants and leisure operators, both independent and national. Also in close proximity lies Nottingham's prime retailing pitch of Clumber Street, with brands such as Holland and Barrett, JD, Greggs, Lush and Jollibee. Nearby occupiers include Faraday's, Red Dog Saloon, Rudy's Pizza, Cosy Club Roxy Lanes and Formula One Gym.
VAT
All figures quoted are exclusive of VAT.
Rates
Property Description: Shop & Premises Rateable Value: £17,250 Rates Payable: £8,607.75 (based on the small business rates multiplier of 49.9 effective until March 2026). All retail, leisure and hospitality users will be entitled to 75% discount up to April 2025, which will decrease to a 40% discount from April 2025 (subject to a minimum of £110,000 per annum per business). Interested parties should make their own enquiries on the VOA website or Nottingham City Council. Source: VOA
Services
The premises is served by water and electricity only.
EPC
The premises have an EPC assessment of C-72.
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 Use Class E (Commercial, Business and Services use) under the Town and Country Planning (Use Class) order 1987 as amended, (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).
Viewing
Viewings are by appointment with sole agents Innes England