Where is the Class E located?
The property to let occupies a prominent corner site front Carlton Hill (B606) to the south, at its junction with Frederick Avenue. The unit is approximately 2 miles East of Nottingham City Centre.
Nearby occupiers include Tesco, Iceland and Dominos Pizza.
What does the Class E comprise?
Class E unit with self contained car park. Suitable for a variety of uses. The property benefits from office space, kitchen, WCs and large display windows fronting the high street. Former bank.
The property has a car park to the rear for 6 vehicles. Pay and display car park is also nearby, to the rear of the property.
How has the Class E been measured?
The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice. Areas are given for guidance purposes only and interested parties should rely on their own due diligence.
| Floor |
Sq Ft |
Sq M |
| Ground Floor |
1,456 |
135.26 |
| First Floor |
912 |
84.72 |
| Total | 2,368 | 220 |
What has the property been used for?
We believe the property has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be suitable for a range of high street or professional uses STP. All parties should confirm the planning position with the relevant Local Authority.
Are there Utilities?
It is to our understanding that all mains services are available at the property. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
What is the Rateable Value?
The property is currently listed as a bank and premises on VOA.gov.uk.
The 2023/24 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business.
Rateable Value: £27,000
Estimated Rates Payable: £13,473
How is the property offered?
Leasehold
Class E unit to let by way of a new lease for a minimum term of 10 years.
How much is the Rent?
Rent: £29,950 per annum. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT which is applicable at the prevailing rate.
What is the EPC rating?
What are the viewing arrangements?
Please contact us, or our joint agents Landa Associates 07733 464 322, or visit the OMEETO website for full details and a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.