The premises comprise extensive two storey retail premises, most recently occupied by a sportswear company. The accommodation is arranged over two floors and comprises on the ground floor a retail sales area with large double glazed display windows, suspended ceilings inset with low voltage lighting, carpeted floors and electric heating. To the first floor there is further showroom/office accommodation, stores, workshops and ancillary toilets. Externally, the property benefits from ample on site customer car parking within a securely gated yard.
Location
The property occupies a prominent position fronting David Lane, a busy thoroughfare close to the Vernon Road level crossings and the David Lane NET tram stop. Both the Nottingham outer ring road and Nuthall Road (A610) lie within close proximity. The retail premises are situated adjacent to Thrifty Car and Van Rental and within close proximity of a petrol filling station.
Accommodation
Ground Retail Sales – 1059 sq ft
First Showroom/office – 508 sq ft
First Office/store – 417 sq ft
Mezzanine Workshops/stores – 3323 sq ft
Total – 5307 sq ft
Terms
Rating
The property is assessed at a Rateable Value (2010) – £XXX
The rates payable are estimated to be £XXX for the current financial year (2014/2015).
EPC
Energy Performance Asset Rating – D87
Planning
It is understood that the property has an established planning consent for retail and manufacturing uses within Use Classes A1 and B1 of the Town and Country Planning (Use Classes) Order 1987. Interested parties are advised to undertake their own enquiries direct with Nottingham City Council Planning Department.
Lease
The property is available by way of a new full repairing and insuring lease from May 2015 for a term of years to be agreed, subject to regular upwards only rent reviews.
Guide rent
£XXX per annum exclusive.
VAT
We understand that VAT will be payable in addition to the rent.
Legal Costs
Each party are to be responsible for their own legal costs.