Key Information
- Two units available separately or combined
- NIA: 3 Hounds Gate 279 sq ft / 5 Hounds Gate 1,215 sq ft
- Recently refurbished units that present well
- Nearby national retailers include M&S, Sainsbury's, Halifax and Specsavers
- 3 Hounds Gate: £12,000 per annum 5 Hounds Gate: £17,000 per annum 3&5 Hounds Gate: £29,000 per annum
The property comprises of 2 retail units that have a shared entrance off Hounds Gate, and both benefit from a glazed frontage onto Hounds Gate. Both units have been refurbished to a good standard and provide an open plan sales area, LED lighting throughout, newly installed gas central heating system as well as newly installed kitchenette and WCs. 5 Hounds Gate has access to an extensive basement level that provides additional accommodation which benefits from a air filtration system.
Location
The subject property is located within the heart of Nottingham City Centre, on the section of Hounds Gate that runs from Maid Marian Way to St Peters Square. The immediate locality has a mix of retail, office, residential and leisure accommodation. The premises lies in close proximity to a number of national retailers with neighbouring occupiers including M&S, Specsavers, Sainsbury's, Blacks and Halifax. The property also benefits from multiple public transport links being within walking distance of Nottingham Railway station and NET Tram line as well as numerous bus services. Nottingham has one of the largest student populations within the UK and is home to two Universities and boasts a strong overall student population of over 70,000 students, with the largest pipeline of student accommodation outside of London.
VAT
VAT is not applicable.
Rates
From information taken from the Valuation Office Agency (VOA) website has the following assessments: 3 Hounds Gate Rateable Value: £8,500 Indicative Rates Payable 2026/2027: c. £3,247 pa 5 Hounds Gate Rateable Value: £15,250 Indicative Rates Payable 2026/2027: c. £5,825 pa This information is given for guidance purposes only and prospective parties are advised to make their own enquiries with the local authority. Some parties may receive discretionary business rates relief dependent on their circumstances and may receive up to 75% relief or possibly not pay any business rates at all.
EPC
The premises has the following EPC assessments: 3 Hounds Gate: C-59 5 Hounds Gate: B-38
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 Sixth Edition. All party's are to rely on their own measurements.
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. Making the premises suitable for uses such as a shop, cafe, restaurant, office, clinics, health centre and day nurseries. (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