Key Information
- NIA: 4,539 sq ft / GIA: 6,119 sq ft
- Prominent position in the heart of the City
- Within walking distance of Old Market Square and Hockley
- Suitable for student and residential conversion (subject to the requisite consents)
- Offers in excess of £550,000
The property comprises a substantial, self-contained period office building fronting onto Victoria Street. The building is of traditional brick block construction under a pitched slate covered roof and is split over five floors, inlcuding a basment level. The ground floor reception area has been refurbished to incorporate a board room and a number of celular meeting rooms. There is a rear link corridor providing access to the pedestrian lift and main staircase which serves each floor. The first and second floor comprises of principally open plan office accomodation with associated WCs, accessed via the stairwell. Whilst the third floor provides an open plan waiting area along with three partitioned offices incluidng a board and library room. There is also a lightwell providing natural light.
Location
The property is centrally located in Nottingham's City centre. Situated at the middle of Victoria Street, the immediate locality is predominantly a mixture of attractive period residential and commercial properties and is within a 2 minute walk of Old Market Square and Nottingham's Council House. NTU City campus is within a 10 minute walk of the property. The property is also has the benefit of being situated close to Hockley, Nottingham's lifestyle and cultural hub known for it's eclectic mix of independent and national operators . Carlton Street, Hockley's main thoroughfare offers a variety of restaurants and bars such as Pho, Hockley Arts Club and The Bagel Project and is within a 2 minute walk of the Property. The Fletcher Gate NET tram stop and a number of bus stops is only a short walk away, providing excellent public transport links to greater Nottingham and beyond.
VAT
VAT is not applicable.
Rates
From enquiries of the Valuation Office Agency (VOA) website we understand the premises has the following assessment: Rateable Value: £53,000 Indicative Rates payable 2023/2024: c.£26,447.00 (This information is given for guidance purposes only and all interested parties are advised to make their own enquiries with the VOA)
EPC
The premises have an EPC assessment of E-117
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. All parties are advised to carry out their own measured survey.
Planning
We understand the property benefits from planning consent for the following uses: Class E, permitting uses such as an office, café, shop, clinics. It is noted that the property is located in the Lace Market Conservation Area. The property may be suitable for alternative uses such as residential, subject to planning. (This information is for guidance purposes only and prospective parties are advised to make their own enquiries from Nottingham City Council)
Viewing
Viewings are by appointment with sole agents Innes England. Floorplans are available upon request via the agents, Gross Internal Area measurements can be provided upon request also.