The entire property is a two-storey building with retail accommodation across the ground floor with offices and storage across the first floor. The property benefits from rear access and an enclosed private car park.
No 67 is being sold with vacant possession subject to refurbishment, and Nos 69 and 75 individually and subject to the existing occupational leases.
Location
Arnold town centre is a busy suburban location situated approximately 5 miles north of Nottingham city centre. The town has a resident population of 37,402, with a catchment population of over 110,000.
Front Street is the prime retailing location within Arnold with the subject property being considered in the most prime location where the street is pedestrianised. It is an established retail location with a host of quality national operators in the immediate vicinity including Wilko, Iceland (adjacent), Poundland, Superdrug, Clarks, Specsavers and Peacocks to name a few.
Accommodation
The property comprises four separate retail units over ground and first floors which provide the following approximate areas:-
No. 67
Ground Floor - 47.66 sq m (513 sq ft)
First Floor - 15.51 sq m (167 sq ft)
Total - 63.17 sq m (680 sq ft)
No. 69
Ground Floor - 54.44 sq m (586 sq ft)
First Floor - 20.25sq m (218 sq ft)
Total - 64.69 sq m (804 sq ft)
No. 75
Ground Floor - 70.14 sq m (755 sq ft)
First Floor - 23.78 sq m (256 sq ft)
Total - 93.92 sq m (1,011 sq ft)
Terms
Tenure - Freehold, with Nos 69 and 75 subject to the existing occupational tenancies. Each purchaser will have communal rights across the rear car park but that will not be included within the demise of the Title.
Price - Offers are invited as follows:-
67 Front Street - £XXX (notionally 10%)
69 Front Street - £XXX (8%)
75 Front Street - £XXX (8.5%)
Leases - A copy of the current leases are available on request.
VAT - The property is registered for VAT and therefore will be sold as a TOGC.
Identity Checks - In order to comply with anti-money laundering legislation, any purchaser will be required to provide identification documents. The required documents will be confirmed and requested from the successful purchaser at the appropriate time.
EPCs - A copy of the EPCs are available on request.
Legal Costs - Each party are to bear their own legal costs incurred.
Tenancies:
67 Front Street - Vacant - Rent pa - ERV £XXX-£XXX
69 Front Street - Tenant - Will Heath & Jade Copson - Term - 5 years from 9/3/22 - Break Date - 15/2/25 - Rent pa - £XXX
75 Front Street - Tenant - E-Cig Store (BK) Ltd - Terms - 5 years from 10/1/23 - Break Date - 10/1/26 - Rent Review - 10/1/26 - Rent pa - £XXX
Specification
- Highly prominent retail units in busy market town of Arnold, Nottingham
- Opportunity to acquire a small retail investment at £XXX
- 67 Front Street is sold with vacant possession, 69 and 75 Front Street are subject to the existing occupational leases
- Nearby operators include Iceland, Savers, Costa, Boyes, Co-op Travel, Betfred and Boots
- Individual prices from £XXX up to £XXX