Retail premises to let in Western Boulevard, Nottingham NG8

Location

The premises are situated approximately 3 miles to the Northwest of Nottingham City Centre. The premises occupy a prominent arterial road position at the junction of Western Boulevard (A6514) and the Nuthall Road (A610), which provides access to Junction 26 of the M1 Motorway.

The premises are adjacent to St Thomas Furniture & Carpets and The Hair Room.

There is self-contained residential accommodation over (not included).

The location benefits from forecourt pull in parking and being opposite a light controlled pedestrian crossing.

Description

The premises comprise a ground floor shop unit, together with rear storage, suitable for a range of uses.

The premises benefit from two electrically operated external security shutters (not tested) to the shop front.

Accommodation

Ground Floor
Sales area 27 sq m (293 sq ft)
Stock 18 sq m (189 sq ft)
Total Net Internal Area 45 Sq m (482 sq ft)
WC facility and side door loading.

Lease

The premises are available to let by way of a new internal repairing and insuring lease, subject to 3 yearly upward only rent reviews for a term of years to be agreed.

Rental

£8,000 per annum

Planning

The premises have been used for a considerable number of years for a retail use (now part of the E Class), however alternative uses may be considered including financial and professional services, clinic and office type uses.

No hot-food take-away or bar uses are being sought given flats to first floor.
Interested parties are asked to make enquiries with Nottingham City Council Planning Department. Telephone no: Rating assessment
Rateable Value (2023) - £6,700

This is below the £12,000 rv threshold for Small Business Rate Relief and would be rates free for qualifying occupiers (stq).

Applicants are advised to make their own enquiries with the Valuation Office or Nottingham City Council. No warranty is given by the landlords or New West Ltd.

VAT

We understand VAT will not be charged on the rental; however, VAT may be applicable to the service charge and insurance. Interested parties are asked to take independent advice in relation to this matter. The position regarding VAT is always reserved.

Service charge

The tenants will make a fair and reasonable contribution towards the maintenance and upkeep of the structure and communal areas, recovered by way of a service charge.

Buildings insurance

The landlords insure the buildings as a whole and reclaim the relevant proportion of the premium annually in advance by way of additional rental.

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.

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 tenant.