Retail Property (high street) for sale

43b High Street, Hucknall, Nottingham NG15 7AR

5,356 sq. ft. | £600,000

Property Description

Commercial information

  • 5,356 sq ft (497 sq m)

Key features

  • Ground floor 346 sq m (3,686 sq ft) approx
  • Upper floor 155 sq m (1,670 sq ft) approx
  • Redevelopment potential for a variety of other uses, subject to planning

Full description

Tenure: Freehold

Prime Town Centre Investment and Development Opportunity
Prominent corner position with adjacent pedestrian access to the main town centre car park
Redevelopment potential for a variety of other uses, subject to planning
Ground floor approximate of 346 sq m (3,686 sq ft) overall with an upper floor of 155 sq m (1,670 sq ft)

Location:
The property is situated in Hucknall which is a market town on the edge of the Nottingham conurbation to the north west of the city and to the east of the M1 between J26 / 27.

The town is well served with public transport, having a terminus for the tram and a station on the Robin Hood Railway Line, this runs north from Nottingham Station to Mansfield and Worksop.
The properties situation is to benefit from the town centre regeneration and pedestrianisation of part of the High Street.

Accommodation:
The property comprises a substantial bank and leisure premises which benefits from a return frontage to Central Walk.

Surrounding occupiers include Wilkos, Specsavers, Fultons Frozen Foods, HSBC, Greggs, Boots, Post Office and Savers.

The building was originally designed to accommodate five retail units fronting Central Walk but is currently splits in to two units.

The former bank element comprises of a fitted banking hall with offices which could be stripped back to provide an open plan retail unit or be split into three smaller shops.

At first floor level there is office accommodation which could be split off from the ground floor.

Adjacent to the former bank there is another retail unit which is currently occupied as a wine bar at ground and part first floor. This has also been designed to accommodate two retail units subject to the necessary dividing works.

To aid with referencing, a floorplan is available on the third and fourth pages of the brochure.

Tenancy Information:
T8's Wine Bar is currently let on a lease for a term of 15 years from June 2011, expiring June 2026.

The tenant has the option to terminate the lease at the end of the eight and thirteenth years.

The rent passing is 13,325 per annum until 31st March 2017 following which it increases 26,650 per annum.

Price:
The property is available to purchase with vacant possession of the bank and subject to the above named tenancy of T8's Wine Bar for a level of:-

600,000 Freehold
(Six Hundred Thousand Pounds)

Rent:
The Bank premises are available to rent at a level of:-

35,000 Per Annum
(Thirty Five Thousand Pounds)

The lease is to be drawn outside of the Landlord and Tenant Act.

Rates: BANK
Rateable Value 41,250
Rates Payable 2015/16 20,336.25

Rates: WINE BAR
Rateable Value 18,250
Rates Payable 2015/16 8,760

User:
The property is suitable for a variety of planning uses subject to the necessary planning consents being obtained.

EPC:
T8's Wine Bar - D - 87
Former Yorkshire Bank - E - 109

VAT:
Vat is not applicable to the purchase price or the rent.

More information from this agent

Nearest stations

  • Hucknall (0.3 mi)
  • Moor Bridge (1.6 mi)
  • Bulwell Forest (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

HEB Property Consultants, Nottingham

Apex Business Park, Ruddington Lane, Nottingham, NG11 7DD

0115 798 0342 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Hucknall (0.3 mi)
  • Moor Bridge (1.6 mi)
  • Bulwell Forest (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

HEB Property Consultants, Nottingham

Apex Business Park, Ruddington Lane, Nottingham, NG11 7DD

0115 798 0342 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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