Retail to let

LOCATION

The premises are situated within Nottingham Centre off the pedestrianised Bridlesmith Gate.

The subject premises are adjacent to Montana Marketing with other occupiers close by including L’Occitane, White Stuff, Aura Art, Ecco Footwear and The Ivy.

The access is via a pedestrian route adjacent Café Nero and Cornish Bakery with a gated no through walkway and steps up to the front door.

DESCRIPTION

These premises were originally built in the mid- Victorian period for Smart & Brown, the well-known cabinet makers and furnishers.  Since the 1940s up until 2009 the premises were occupied by The Electric Elements Company.

The property was refurbished some years ago but has retained many character features fused with stylish contemporary fittings and modern amenities.

The premises comprise a ground floor reception area with feature full height recessed glazed double entrance. There is a toilet facility off.

Stairs leading to landing with first floor front and rear rooms with toilet off landing. Main open plan area with 3.8 m ceiling height with chandeliers. Partitioned modern kitchen and plant area to rear.

Integrated fire alarm system and part underfloor electric heating and electric heat source pump heating to radiators (not tested). No gas supply.

ACCOMMODATION

GROUND FLOOR

Ground floor two rooms  – 35 sq m (377 sq ft)

WC Facility

FIRST FLOOR

Main open plan space plus two rooms, office and kitchen  -                  145 sq m (1,561 sq ft)

WC Facility

TOTAL NET AREA        180 sq m (1,938 sq ft)

LEASE

The premises are available to let by way of a new contracted out Internal Repairing and Insuring lease for a term of years to be agreed.

RENTAL

£17,500 pax subject to annual agreed percentage increases and no open market rent reviews.

RATING ASSESSMENT

The premises are assessed as a whole property as “showroom and premises” in the List with a Rateable Value 2026 of £17,500.

Interested parties are asked to take their own enquiries in respect of the Local Rating Authority Nottingham City Council or the Valuation Office Agency.

PLANNING

The current use was for offices and prior to that retail use as a wedding showroom.

Offices came within Use Class E (1st September 2020) and this includes alternative Financial & Professional Services and Retail uses. The landlords are not looking for restaurant or Licensed Bar operators.

Use Class E also includes Clinics, Health Centres, Creches, Day Nurseries, Day Centres.

We understand that the premises are within the  Conservation Area but are not Listed.

Neither the landlords nor New West Ltd offer any warranty in respect of the Planning, Fire or Building Regulations and interested parties must consult with the Local Planning Authority Nottingham City Council telephone: 0115 9155555. 

VAT

We understand that VAT will be charged on the rental, insurance rental and any service charge if applicable. The position with regard to VAT is reserved at all times.

LEGAL FEES

In respect of a letting the incoming tenants to be responsible for the landlord’s legal costs incurred in the transaction together with any Stamp Duty or VAT thereon, abortive or otherwise.

NOTTINGHAM BID

The premises are within the Nottingham Business Improvement District (BID) and the tenants are responsible for payment of any BID fee that may be applicable. The current Nottingham BID has been in operation since 1 January 2016. This operates in a city centre area, defined by the BID Company and currently includes all commercial premises where the rateable value is £35,000 or more.

Interested parties should make their own enquiries with Nottingham BID (telephone: 0115 9881441).

COMMERCIAL ENERGY PERFORMANCE CERTIFICATE

The premises are assessed as C62 on an EPC to 2032 and a copy of the Energy Performance Certificate and Recommendations Report can be made available upon request.

BUILDINGS INSURANCE

The landlords insure the buildings and will reclaim the annual insurance premium by way of additional rental.

MONEY LAUNDERING POLICY

In accordance with Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser/tenant.