499-507 Woodborough Road, Mapperley, Nottingham, NG3 5FR

LOCATION
The property is located on Woodborough Road within the affluent area of Mapperley in Nottingham. The property is situated approximately 2.5 kilometres (1.5 miles) north-east of Nottingham city centre and benefits from a highly visible main road position.

DESCRIPTION
The site comprises a former car sales and motor trade garage which is relocating. There are three building on site which are interconnected by canopies. The buildings total 212 sq m (2,288 sq ft) and the total site area is 0.151 ha (0.375 acres). The offering presents a rare opportunity to acquire a highly prominent roadside site, prime for redevelopment.

Whilst the site does not benefit from any planning permission for residential redevelopment the Vendor has commissioned architects to mass the site which shows a possible 28 units.

The property fronts Woodborough Road, which is a main road connecting the city centre to Mapperley.

ACCOMMODATION
Measured on a gross internal basis we have been informed that the accommodation is as follows:-

TOTAL GIA- 212 sq m (2,288 sq ft)
Site Area- 0.151 hectares (0.375 acres)

SERVICES
All mains services with the exception of gas are available and connected to the property. The Vendor believes there is gas to the site, which has been capped off and disconnected. The agents give no guarantees or warranties in respect of services and their connectivity or capacities. Interested parties must rely on their own due diligence.

BUSINESS RATES
From enquiries made though the Valuation Office website, we understand that the following rating assessment applies;

Rateable value: £18,2590
Description: Car showroom and premises

Interested parties should make their own enquiries as to the amount of rates payable

TOWN & COUNTRY PLANNING
The site has a historic use as a motor trade unit and car sales forecourt, which falls under a Sui Generis use. Interested parties are to make their own enquiries of the local authority planning department to ensure their intended business activities will be lawful.

TENURE
The main part of the site is held under title Number NT256885. The rear part of the site which is overgrown is held under three titles NT457709, NT269478 and NT531523. The property is freehold and will be offered with vacant possession.

PRICE
Offers are invited in excess of £600,000 for the freehold interest.

EPC
Available upon request.

VAT
We are advised by the Vendor that VAT will not be applicable to the sale price.

LEGAL COSTS
The successful buyer will be required to provide a reservation fee of £2,500 directly to the Vendor. This will later be deducted from exchange monies. Each party will be responsible for their own legal and professional fees.