Commercial property for sale in Nottingham Road, Arnold, Nottingham NG5
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Property features
- Investment Let at £82,760 p.a. (10.41% on Guide Price)
- Prominent corner shopping parade fully let to established independent retailers
- Comprises approximately 518.95 sq m (5,586 sq ft)
- In the same ownership for over 20 years
- Nearby occupiers include Wilko (located opposite), Wetherspoons, Oxfam, Poundland, WHSmith and Peacocks
Property description
Strapline
Auction Sale - 10/05/2022
Of Interest to Investors and Developers - A prominent corner shopping parade comprising of 5 retail units over ground and 1st floor and 6 garages to the rear. Investment let at £82,760 P.A. (10.41% on Guide Price)
Description
The property is a 2 storey corner building comprising of 4 retail units on the ground floor, a retail unit located across most of the 1st Floor and 6 garages to the rear.
The ground floor retail units are occupied by an Italian restaurant (with a flat on the first floor), Bathroom show room, Carpet show room and Dog grooming salon.
The 1st floor is occupied by a Gym and flat (within the curtilage of the restaurant at 98/100 Nottingham Road).
The garages to the rear are let to the existing tenants on the ground floor with one becoming vacant on the 1st April 2022
Near by occupiers include Wilko (located opposite), Wetherspoons, Oxfam, Poundland, WHSmith and Peacocks.
Location
The property is located on the junction of Arnot Hill Road and Nottingham Road in the Town of Arnold. Arnold is situated approximately 3.6 miles North East of Nottingham City Centre.
Nottingham Station an approx. 4.2 miles from the site.
Transport
Nottingham Station - East Midland Railway services to London St Pancras, Derby, Leeds, Sheffield, Birmingham New Street and Liverpool Lime Street.
Tenancy
98/100 Nottingham Road - Trading as Luigis (Italian Restaurant)
- Let on 10 year lease from 24/06/2015
- Investment let at £23,000 p.a.
102 Nottingham Road - Trading as C&S commercial services Ltd (Bathroom Show room)
- Let on 3 year lease from the 01/08/2020
- Investment let at £12,000 p.a.
- Fixed rent increase to £16,000 on the 31/07/2022
2 Arnot Hill Road - Trading as The Little Carpet Company (Carpet Show room)
- Let on a 5 year lease from the 26/12/2021
- Investment let at £12,000 p.a.
4 Arnot Hill Road - Trading as Dogz (Dog grooming Salon)
- Let on a 5 year lease from 01/03/2021
- Investment let at £12,000 p.a.
Bonnington Chamber Arnot Hill Road (1st Floor)- Trading as Energie (Gym)
- Let on a 10 year lease from 10/03/2017
- Investment Let at £16,850 p.a.
- Fixed rent increase to £17,000 p.a. On the 19/06/2022
Garage 1 - Investment let at £1,560 p.a.
Garage 2 - Investment let at £1,560 p.a. - Please note it will be vacant from the 1st April 2022
Garage 3 - Rented to Bathroom Show room included in the above rent
Garage 4 - Rented to Gym included in the above rent
Garage 5 - Rented to the Bathroom Show room included in the above rent
Garage 6 - Rented to the Restaurant included in the above rent
Accommodation
The below measurements have been taken from the voa any purchaser must rely on their own enquiries
98/100 Nottingham Road - Approx. 1,057 sq ft ( 98.2 sq m) Upstairs flat not included in this measurement
102 Nottingham Road - Approx. 957 sq ft (89 sq m)
2 Arnot Hill Road - Approx. 447 sq ft (41.6 sq m)
4 Arnot Hill Road - Approx. 533 sq ft (49.6 sq m)
Bonnington Chamber Arnot Hill Road - Approx. 2,572 sq ft (239 sq m)
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.