Key Information
- Additional site to the rear of c.2 acres
- C.39,457 SQFT showroom/workshops/office on c.2 acre site
- Adjacent to a main arterial route with 30,000 daily vehicle movements
- Suitable for a broad range of uses subject to the requisite consents
- £217,000 per annum exclusive The land to the rear is available by negotiation. Please contact the agents for further details.
The subject property comprises an extensive former car dealership premises, that have most recently been occupied by Nottingham College for educational use. The premises comprise showroom, partitioned offices, parts storage, canteen, and various workshops with multiple access points at ground floor, with offices at first floor - latterly used as classrooms. The buildings are predominantly of frame construction with profile metal faced cladding to the external elevations and full height glazing to the showroom. Externally, the site benefits from c100 parking spaces. The land to the rear outlined in blue extends to approximately 2 acres and provides open storage. This area is currently occupied by a third party but could be made available if required. The site outlined in blue on the plan is currently occupied by the council and offers additional open storage land.
Location
The site is located just off London Road (A60), a main arterial route, connecting Nottingham City Centre to the South with c.30,000 daily vehicle movements. Nottingham Railway Station lies opposite the subject site, providing national rail links and a direct route to London St Pancras (1hr 36 mins) as well as a frequent tram service connecting Nottingham City Centre to the surrounding conurbations of Beeston, Clifton, Wilford, Bulwell and Hucknall. Nottingham has excellent links to national road infrastructure with Junctions 24, 25 and 26 of the M1 Motorway no more than 10 miles to the west The surrounding area comprises of a variety of uses, including offices, hotels, retail and leisure uses, as well as a number of private rented and student accommodation blocks. Nearby operators include Virgin Gym, Leonardo Hotel, BBC, Capital One and Nottingham City Council offices. The site lies in close proximity to the Island Quarter, a 36 acre gateway development, with phase one now completed. This included restaurants, bars and event spaces, with phase two in progress and set to provide over 1,000 student beds, with over 500 already competed.
VAT
The property has been elected for VAT purposes which will be charged at the standard rate.
Rates
The main building and principle site is assessed as follows: Property Description: Factory and Premises Rateable Value: £178,000 Rates Payable: £97,188 (based on the uniform business rates multiplier of 54.6p, effective until March 2026). The land to the rear is currently assessed with the East Croft Depot and requires reassessing upon occupation.
EPC
An EPC has been commissioned and will be available in due course.
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition. Main showroom site (shaded red) 2.06 acres Additional site (shaded blue) 1.94 acres
Planning
We understand the property benefits from Sui Generis (Car Showroom) use the Town & Country Planning (Use Classes) Order 1987 as amended. Alternative uses may be considered subject to Landlord consent and planning. There is potential to use the property for a variety of uses under the adopted local plan including offices/ high tech, light industrial / research and development/warehouse, non-residential institution, sports facility, assembly and leisure.
Viewing
Viewings are by appointment with Innes England Craig Straw - 07967 680964 Sam Hall - 07929 204405 Or our joint agent Colliers: Alisdair James - 07712 538687