£900,000
(£35.99/sq. ft)
Retail premises for saleSouthchurch Drive, Nottingham NG11
25,009 sq. ft
About this property
Location
Situated on a busy parade in the centre of Clifton a large suburb to the South of Nottingham. Other occupiers include Iceland, Boots, Savers, Greggs and Morrisons. The Health Centre is also directly opposite. Aldi and B&M are a short distance away. The Tram line runs into Nottingham with tram stops outside the unit.
Description
The subject premises area arranged over ground, first, second and third floors with the approximate net internal floor area:-
Ground Floor 11,968 sq ft (1,111.86 sq m)
First Floor 12,686 sq ft (1,178.57 sq m)
Second Floor 2,170 sq ft (201.60 sq m)
Third Floor 353 sq ft (32.80 sq m)
Tenure
The premises is held on a Long leasehold basis on a 150 year lease from 15/8/2001. The Council own the freehold. There is a ground rent payable of £500 pa. Part of the ground floor ( 995 sq ft) is occupied by Bestway National Chemists Limited (marked blue on the goad) on a 15 year lease expiring on 5/9/2027 at £12000 pax ( erv £18,000 pax). This would be sold as part of any interest in the llh. Llh: Offers in excess of £900,000 with the benefit of the income from the chemist.
Rental
£75,000 pax
Rates
Rateable Value
Rateable Value: £61,000 pax
Rates Payable: £29,280 pax
Interested parties are advised to verify these figures with the Local Authority.
Legal Costs
Each party is to bear their own legal costs in respect of all legal documentation produced in this transaction.
Situated on a busy parade in the centre of Clifton a large suburb to the South of Nottingham. Other occupiers include Iceland, Boots, Savers, Greggs and Morrisons. The Health Centre is also directly opposite. Aldi and B&M are a short distance away. The Tram line runs into Nottingham with tram stops outside the unit.
Description
The subject premises area arranged over ground, first, second and third floors with the approximate net internal floor area:-
Ground Floor 11,968 sq ft (1,111.86 sq m)
First Floor 12,686 sq ft (1,178.57 sq m)
Second Floor 2,170 sq ft (201.60 sq m)
Third Floor 353 sq ft (32.80 sq m)
Tenure
The premises is held on a Long leasehold basis on a 150 year lease from 15/8/2001. The Council own the freehold. There is a ground rent payable of £500 pa. Part of the ground floor ( 995 sq ft) is occupied by Bestway National Chemists Limited (marked blue on the goad) on a 15 year lease expiring on 5/9/2027 at £12000 pax ( erv £18,000 pax). This would be sold as part of any interest in the llh. Llh: Offers in excess of £900,000 with the benefit of the income from the chemist.
Rental
£75,000 pax
Rates
Rateable Value
Rateable Value: £61,000 pax
Rates Payable: £29,280 pax
Interested parties are advised to verify these figures with the Local Authority.
Legal Costs
Each party is to bear their own legal costs in respect of all legal documentation produced in this transaction.
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Monthly repayment
£4,502 per month
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