Warehouse to let in Nottingham Road, Nottingham NG7

Location

The subject premises are located on a prominent corner position to the North of Nottingham City Centre being at the Junction of Nottingham Road and Isandula Road in New Basford NG7.

The premises are situated opposite Sainsburys and Argos together with a modern Aldi Supermarket. Also, opposite are the Athena Fish Bar, Hafiz Halal Sweets & Cakes, Hajis Peri Peri and Ladbrokes.

Further along Nottingham Road, Sovereign Park includes the likes of Pure Gym, Specialized/Rutland Cycles, Wed2B and Go 4 Fresh Supermarket.

There is some car parking on Isandula Road and to the main Nottingham Road no stopping Monday to Friday 4pm-6pm and no loading Monday to Friday 4pm-6pm.

Description

The premises offer a traditional brick built three storey building to front with two storey rear extension to rear.

The subject unit comprises self-contained ground floor multi-use space with corner entrance and shutter over (not tested) with aluminium framed glazed entry. There are six windows to the main frontage.

There is a loading bay off Isandula Road with a height of 4.19 metres and a roller shutter width of 3.17 metres (not tested).

There is a main ground floor multi-use area together with mid and rear showroom space. There is a raised mezzanine level fronting onto Isandula Road (windows blocked up) and below that a small basement storage area.

There is a small kitchen and toilet facility.

Accommodation

Ground Floor
Front space – 103 sq m (1,108 sq ft)
Kitchen and toilet accommodation
Mid space – 86 sq m ( 925 sq ft)
Rear space – 88 sq m ( 947 sq ft)
Mezzanine – 71 sq m ( 764 sq ft)
Loading bay – 24 sq m ( 258 sq ft)
Total Net Internal Ground Floor/Mezzanine Space – 372 sq m (4,004 sq ft)

Plus Basement - 68 sq m ( 732 sq ft)

Tenure

Terms to be agreed on an internal repairing and insuring lease. Subject to as and when service charge in respect of maintenance and upkeep of the exterior and communal areas at 50%.

Rental

£20,000 pax payable quarterly in advance.

Rating assessment

We been verbally informed by the Valuation Office Agency as follows:

Rateable Value (2023) £8,500.

The Business Rates payable should therefore be free for qualifying small business user applicants.

Applicants are advised to make their own enquiries with the Valuation Office or Nottingham City Council. No warranty is given by the landlords or New West Ltd.

Planning

We understand that the premises have been used for a toy storage/internet sales operation and prior to that a furniture/carpet showroom with storage for more than 20 years.

The landlords do not want hot food or bar/restaurant/café type uses but a range of E Class or storage type uses may be suitable so long as they are complimentary with the first and second floor uses.
The landlords nor New West Ltd offer any warranty in respect of the Planning (existing or proposed), Fire or Building Regulations and interested parties must consult with Nottingham City Council Planning Department (telephone:

Commercial energy performance certificate

The premises have been assessed as C51, certificate reference no: Copies of the Energy Performance Certificate & Recommendations Report are available on request.

Legal fees

In respect of a successful letting/assignment each party shall bear their own legal costs incurred in the transaction. However, the proposed tenants will be subject to an abortive legal fee undertaking (sum to be agreed).

VAT

We understand that the landlords do not charge VAT on the rental. However, VAT may be applicable in respect of the service charge/buildings insurance and applicants should make their own enquiries. The position regarding VAT is always reserved.

Money laundering policy

In accordance with Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser/tenant.