Retail premises for sale

26-28 Bridlesmith Gate, Nottingham NG1

This flagship retail premises is of traditional brick construction and occupies a prominent position along Bridlesmith Gate within Nottingham city centre. The accommodation is arranged over three floors, providing a spacious open-plan retail sales area across the ground and first floors, together with W.C facilities. The second floor provides a range of office / storage accommodation, offering flexible ancillary space to support a variety of business operations.

Location

This substantial property is located along a bustling thoroughfare in the heart of Nottingham city centre. A short walk from Market Square, the property benefits from excellent connectivity via the Market Square Tram Stop, Nottingham Train Station, Broadmarsh Bus Station, and convenient access to major road networks such as the M1, A60 and A52. Bridlesmith Gate has a footfall in excess of 20,000 pedestrians per day and is home to a number of large fashion, jewellery and accessory retailers including The Ivy, Cafe Nero, Kavani, 18 Montrose, Fred Perry, White Stuff, Cornish Bakery Co and Goldsmiths.

Nottingham is a vibrant city in the East Midlands with a population of circa 331,000 and is located approximately 110 miles north of London, 33 miles south of Sheffield and 45 miles north-east of Birmingham.

Description

This flagship retail premises is of traditional brick construction and occupies a prominent position along Bridlesmith Gate within Nottingham city centre. The accommodation is arranged over three floors, providing a spacious open-plan retail sales area across the ground and first floors, together with W.C facilities. The second floor provides a range of office / storage accommodation, offering flexible ancillary space to support a variety of business operations. The property benefits from the following;

- Substantial window displays
- Electric security shutter
- Air conditioning
- Three-phase electricity

Accommodation

We have calculated the approximate net internal floor areas to be as follows;

Ground floor - 194.62 sq m (2,095 sq ft)
First floor - 186.12 sq m (2,003 sq ft)
Second floor - 110.99 sq m (1,195 sq ft)

Total NIA - 491.73 sq m (5,293 sq ft)

Services

We understand that mains gas, electricity, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective purchasers must rely on their own investigations as to their existence and condition.

Business Rates

From enquiries made through the Valuation Office website, we understand that the following rating assessment applies;

Rateable value: £75,500

Interested parties should make their own enquiries as to the amount of rates payable.

Terms

The property is for sale freehold with vacant possession. We are inviting offers in excess of £1,500,000 plus VAT.

Please note the vendor would consider renting the property for offers in excess of £150,000 plus VAT per annum. Please contact the agent for further information.

Property Condition

The prospective purchaser must rely on their own investigations in regards to the condition of the property.

Epc

Energy rating - tbc

Vat

We understand that VAT is payable on the sale price.

Legal Costs

Each party to pay their own legal costs incurred.

Viewing

Viewing
For an appointment to view or further information please contact;

Commercial List
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Agent Notes

These Particulars are believed to be correct, but their accuracy cannot be guaranteed, and they do not constitute an offer or a contract.