Key Information
- NIA: c.13,075 sq ft
- Retail units producing £60,500 per annum
- Planning permission granted for upper floors - 26 student studios
- Nottingham Trent University and Old Market Square both within a 4 minute walk
- An information pack including the following is available online: - Tenancy schedules, Leases & Occupier plan - Floor Plans & CAD plans (for GUIDANCE ONLY) - Title Documents - Asbestos Report - EPC & Business Rates A link to the password protected data vault is available from the agents.
- £1,650,000
The property comprises a substantial corner building. The front part is over four storeys, with two rear wings of three storey height due to the slope, and a single storey infill building to the centre. The ground floor comprises of a number of retail/restaurant units with a central emergency escape and access to part of the first floor. The former RBL Club comprises a bar area at ground level with a committee room/office towards the first floor. The single storey infill building provides additional lounge area and lavatories. At third floor level and second floor levels is a dance studio.
Location
The property is centrally located fronting the northern side of Upper Parliament Street (A6008) with Maid Marion Way/Derby Road running to the west. To the rear of the property is Wollaton Street is where the Tap and Tumbler pub and a Crowne Plaza Hotel with multi storey car park are located. Neighbouring uses include a Marco Pierre White restaurant, Alea casino and apartments in the mixed-use Apex Development adjacent to the left side of the property, which was formerly a department store and May Sum Chinese restaurant to the right-hand side. Both Nottingham Trent University and the Old Market Square are within a 4 minute walk of the property.
VAT
VAT will not be applicable
Rates
Available in the Data Vault.
EPC
Available in the data vault.
Legal Costs
Each party will be responsible for their own legal costs incurred in the transaction.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Code of Measuring Practice, 6th Edition. All parties are advised to carry out their own measured survey.
Planning
The property has recently had planning permission granted upon it for a change of use of upper floors from social club and dance studio to 26 student residential studios. Refurbishment of existing building and new shopfronts at ground floor level. Application No: 23/01672/PFUL3 We understand the property has previously been utilised under use Class E (Commercial, Business and Services use) and Sui Generis. The property is located within the Old Market Square Conservation Area. (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local Authority).
Viewing
Viewings to be arranged via Innes England and will be on pre-arranged open days.