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City Centre Retail Investment, 50-52 Long Row, Nottingham, NG1 6JB

19,280 Sq Ft / Retail / Investment

Sold - Last updated: 20 January 2020

The property comprises a substantial and attractive brick built Grade II Listed terrace building currently occupied by the British Heart Foundation at basement, ground and first floor levels.

Both the second and third floors are currently vacant and in an un-refurbished condition but, nonetheless configured to provide a series of attractive rooms incorporating numerous period features.

It is understood that all main services are available to the property to include gas, electricity, water and drainage. All prospective purchasers are advised to confirm capacities are suitable for their own intended use with the relevant provider.

Location

The property is located in the heart of Nottingham City Centre, a short distance from Old Market Square which is an attractive focal point, holding a number of high profile events throughout the year.

The property occupies a prominent position fronting Long Row to the north, close to its junction with Market Street, a popular and established location for restaurant operators with nearby occupiers including Pieminister, Nandos, Debenhams, Tesco Express, Game, Barnardo’s, Taco Bell and McDonalds, to name but a few.

In addition, the popular Chapel Quarter leisure development is within a short walking distance.

Accommodation

The floor areas below are based on floor plans provided by our clients and are for guidance purposes only on a GIA basis.

Basement - 475.18 sq m  (5,115 sq ft)

Ground Floor - 425.50 sq m  (4,580 sq ft)

First Floor - 383.58 sq m  (4,129 sq ft)

Second Floor - 253.44 sq m  (2,728 sq ft)

Third Floor - 253.44 sq m  (2,728 sq ft)

Total - 1,791.14 sq m  (19,280 sq ft) 

Terms

Tenancy - The basement, ground and first floors are let to the British Heart Foundation for a term of ten years with effect from 24 March 2015, subject to an upward only rent review in 2020 at a current rent of £XXX per annum.

The lease contains a tenant break on 25 March 2021 on giving six months’ notice.

Guide Price - £XXX (plus VAT).

The second and third floors are available separately at £XXX (plus VAT).

Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.

Specification

  • Prime City Centre location.
  • Self-contained second and third floors suitable for redevelopment, subject to planning permission.
  • Re-gearing opportunity.
  • Only £XXX per sq ft overall.
  • Attractive Grade II Listed building.


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