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7 Exchange Arcade, High Street, Nottingham, NG1 2DD

Use Class

Use Class

E(a)

Rent pa

Rent pa

POA

Market Sector

Market Sector

Shopping Centre

Description

Prominent Retail Unit within imposing Grade II listed building

Adjacent to Karen Millen, Warehouse and Dr Martens

Lease for Assignment

Location

The Exchange Building is an elegant and imposing Grade II listed building and occupies a prominent position within the City Centre.

Retailers within the Exchange Shopping Centre include Castle Art Gallery, Radley, Karen Millen, Warehouse and Patisserie Valerie.

The subject property has a frontage on Smithy Row, opposite Primark, Ann Summers, and Thomson Travel.

Key Information

Viewing

Staff are unaware. Strictly by appointment.

Accommodation

Areas
Sq.Ft
Sq.M
Gross Area
2,361
219.33
Ground Floor Sales
1,080
100.33
Basement Ancillary
1,281
119

Financial

Lease Type

Existing Lease

Lease Term

The premises are held by way of an effective full repairing and insuring lease for a term to expire 24th March 2020.

Rent

Passing rent of £78,000 per annum. Rent is exclusive of rates, insurance and VAT (if applicable).

Rates

Rateable Value £70,000 UBR (2015/16) 0.493p Rates Payable £34,510 We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Tenure

Leasehold

Rates

Rateable Year:
2016
Rateable Value:
£70,000.00
Rates payable:
£34,790.00
UBR:
49.7p/£

This Property is Part of a Shopping Centre

Exchange Arcade

The Exchange has been in Nottingham for over 90 years, and is now home to a mix of exclusive lifestyle stores, offering everything from designer boutiques to high street favourites and unique independent stores. Retailers include Dunkin Donuts, Harvey Jones, Sofa.com & Sweaty Betty

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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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