3750 sq. ft (348 m²)
Available: Tuesday, 19th of January, 2021
Key features
- Established professional location and close to Nottingham Playhouse
- Period Offices on Basement, Ground, First and Second floors
- Total Floor area - 348 sq m (3,750 sq ft)
- To Let on new contracted out lease
- Rent – £29,500 pax
Description
LOCATION
The premises are located fronting Regent Street, in one of Nottinghams premier professional office and consulting room locations.
The property benefits from ample on street metered car parking, together with self-contained rear yard parking for 4 plus cars, accessed off Oxford Street. Other car parking facilities are available with multi storey car parks available off Park Row and St James Street.
The premises are adjacent to Consult Healthcare, Nottingham Heart Clinic, East Midlands Orthodontics, Harris Lamb and Graham Brown Chartered Architects. Chartered Accountants with Geo. Hallam Surveyors and Brady Solicitors opposite.
DESCRIPTION
The premises comprise an extensive period property with feature elevations and railings. The space is set over 3 floors plus basement storage.
The premises benefit from an accessible ramped front access. There is gas fired central heating (not tested).
ACCOMMODATION
The accommodation can be more fully described as follows:
Basement 79 sq m ( 850 sq ft)
Ground Floor 85 sq m ( 915 sq ft)
First Floor 93 sq m (1,001 sq ft)
Second Floor 91 sq m ( 980 sq ft)
Total 348 sq m (3,750 sq ft)
Outside – Rear car park for 4 cars (potentially more if tandem parked).
TENURE
A new contracted out lease of the whole on terms to be agreed. The landlords are not looking to let on a floor-by-floor basis. The freehold is not available.
RENTAL
£29,500 pax
RATING ASSESSMENT
We are verbally advised by the VOA as follows:
Rateable Value (2023) £36,500
Applicants are advised to make their own enquiries with the Valuation Office Agency and no warranty given by the landlords or New West.
PLANNING
The premises are situated within the Wellington Circus Conservation Area and are Grade II Listed. The premises were last used as offices under the old B1(a) (Offices) Planning Class which is now part of the wider E Class uses (September 2020). Alternative uses would be actively considered, including medical, clinic, consulting rooms and the like under the former D1 use plus other E class type uses.
Neither the landlords not New West Ltd give any warranty as to the Planning status and interested parties should contact Nottingham City Council Planning Department 0115 915 5555
LEGAL FEES
The incoming tenant to be responsible for the landlords’ legal costs incurred in the transaction together with any Stamp Duty or VAT thereon.
VAT
VAT will not be charged on the rental however the position regarding VAT is reserved at all times.
COMMERCIAL ENERGY PERFORMANCE CERTIFICATE
The premises are assessed as D98. Certificate reference no: 1525-9340-7827-6451-1781. Copies of the EPC and Recommendation Report are available to applicants upon request.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Money Laundering Regulations, two forms of ID, references and confirmation of the source of funding will be required from the successful tenant.
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