Retail premises for sale in Nottingham Road, Loughborough, Loughborough LE11

This is an excellent opportunity to purchase a prominent building on a busy arterial road into Loughborough Town Centre and close to the main railway station. It is ideal for occupation or for redevelopment subject to planning. It has a total area of 221.2 sq. M (2,380 sq. Ft.) and an EPC Rating of D (96). It has permission for a variety of uses including retail, offices, cafe/restaurant, creche, clinic, gym or light industrial.

Situation

The property is situated in a prominent corner position on the south-east side of Nottingham Road at its junction with Bromhead Street midway between Loughborough town centre and the railway station.

Location

Loughborough is a university town with a population of over 64,000 people and lying a short distance from Junction 23 of the M1 motorway. It also lies on the A6, a major road leading to Leicester to the south-east and the M1 motorway to the north.

Loughborough University is a highly regarded establishment with a strong international reputation for sport and engineering.

The town has a main line railway station providing regular services to London St. Pancras. Loughborough also lies close to East Midlands Airport.

Major employers in the area include Loughborough University, Brush Traction, 3M Healthcare Limited and Charnwood Borough Council.

Description

The property comprises mostly single storey commercial premises occupying a corner plot and currently used for the sale of second-hand furniture.
The building is in three linked parts and is mostly of brick construction with a pitched, slated roof to the front section, asbestos cladding to the middle and a curved timber and felt roof to the rear. There are retail display windows to the front and to the side.

Floor Areas

The property has a total internal ground floor area of 221.2 sq. M. (2,380 sq. Ft.)

Tenure

Freehold

Price

Offers are invited in the region of £265,000

Services

The premises are connected to mains electricity, gas, water and drainage services.

Planning

The property has Planning Permission for Use Class E.

Rateable Value

The Rateable Value is £10,750. Under current regulations, and subject to conditions, no Business Rates are payable.

Energy Performance Certificate

EPC Rating D (96)

Costs

Each party will be responsible for their own costs incurred in respect of the transaction.

Possession

Vacant possession will be granted on completion of legal formalities.
It should be noted that the premises are currently held under a lease which will be surrendered on completion of the sale.

Viewings

Strictly by arrangement with Andrew Granger & Co on . Contact Kevin Skipworth at email address