Retail Units & Shops

Nottinghamshire

Nottingham

property

To Let / For Sale

170-176 Southchurch Drive 170-176 Southchurch Drive, Clifton, Nottingham, NG11 8AA

Use Class

Rent pa

£75,000

Market Sector

High Street Scheme

Description

LARGE STORE UNIT FOR SALE / TO LET

The subject premises area arranged over ground, first, second and third floors.

Location

Situated on a busy parade in the centre of Clifton a large suburb to the South of Nottingham. Other occupiers include Iceland, Boots , Savers, Greggs and Morrisons. The Health Centre is also directly opposite. Aldi and B&M are a short distance away.

The Tram line runs into Nottingham with tram stops outside the unit.

Servicing is to the rear of the premises.

Could suit alternative uses/development-hotel, pub/restaurant, offices, residential subject to planning.

Key Information

Legal

Each party is to bear their own legal costs in respect of all legal documentation produced in this transaction.

Accommodation

Areas

Sq.Ft

Sq.M

Ground Floor

11,968

1,111

First Floor

12,686

1,178

Second Floor

2,170

201

Third Floor

353

32.8

Financial

Lease Term

The premises is held on a Long leasehold basis on a 150 year lease from 15/8/2001. The Council own the freehold. There is a ground rent payable of £500 pa. Part of the ground floor ( 995 sq ft) is occupied by Bestway National Chemists Limited (marked blue on the goad) on a 15 year lease expiring on 5/9/2027 at £12000 pax ( ERV £18,000 pax). This would be sold as part of any interest in the LLH. LH: offers in excess of £900,000 with the benefit of the income from the chemist.

Rent

Subject to contract, rental offers are invited in the region of £75000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

Rateable Value: £61,000 pax Rates Payable: £29,280 pax Interested parties are advised to make their own enquiries to the Local Authority.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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