Retail premises to let in Heathcoat Street, Nottingham NG1

Location

The subject property is located within the Hockley area of Nottingham close to a range of new City Living projects as well as a range of Retail, Leisure, Bar and Restaurant users.

The property is close to the junction with High Cross Street and proximity to a range of other National and Independent traders on Broad Street, Carlton Street, Goose Gate and Stoney Street.

Occupiers include Jam Café/Bar, Broadway Cinema, Bar Iberico, Revolution Vodka Bar, Brew Dog, Suede and Sakura Japanese.

Description

The premises comprise essentially two properties at 18 Heathcote Street (formerly Beck Lane). It was originally known as Morley House built in 1750 for Ann Morley. The Morley family were wealthy Salt Earthenware Manufacturers and Pottery producers.

There is a converted 18th Century Town House and 19th Century former Public Hall.

In 1843 Nottingham School of Design (Nottingham Trent University) first opened to educate workers in the Lace and Textile Industry before becoming The Peoples Hall Institute a working mans hall. The building was doubled in size and re-fronted.

The building is now ready for the next phase in its history and could be reformatted for a range of office, leisure, café/restaurant type uses (not bars or hot food takeaways) subject to the appropriate Planning Consents.

Accommodation

The accommodation can be more fully described as follows:

Lower Ground Floor – 114.00 sq m (1,225 sq ft)

Total – 114.00 sq m (1,225 sq ft)

Rental

£16,500 pax, payable quarterly in advance

Lease

The premises are available on new contracted out internal repairing and insuring lease for an initial term of 3 years.

Rating assessments

The premises do not appear to be in the current List so to be assessed upon occupation.

Applicants are advised to make their own enquiries with the Valuation Office Agency or Nottingham City Council. No warranty is given by the landlords nor New West Ltd.

Planning

The premises potentially come under the new E Classification and could therefore suit a range of potential office, leisure, clinic, retail, or café/restaurant uses.

The landlords are not looking for Bar uses or Hot Food Takeaways.

The premises are Grade II* Listed from 12 July 1972.

It is stated that the premises were dated 1750, converted and altered in 1854 of red brick partly rendered with painted ashlar dressings and slate roofs.

Appropriate Listed Building and Conservation Area Consent may therefore be required.

Interested parties should speak to Nottingham City Council Planning Department (telephone:

Neither the landlords nor New West Ltd offer any warranty in respect of the Planning (existing or proposed), Fire or Building Regulations.

Commercial energy performance certificate

The premises are Listed, and we are informed do not require an EPC. Interested parties should take their own advice.

Legal fees

Tenants to bear the landlords’ legal costs (abortive) incurred in the transaction. Each party to bear their own on a successful letting.

VAT

We understand no VAT is applicable to the rental and buildings insurance. However, 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 tenant.