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Commercial Property to rent

Hamilton

£45,000 pa

Property Description

Key features

  • Purpose-Built
  • Ample Parking
  • External Play Area
  • Close To Public Transport
  • Within Residential Area
  • Developing Area

Full description

This is an excellent opportunity to lease modern, two-storey commercial premises suitable for a variety of uses subject to planning. It was originally designed as a day nursery but has recently been occupied as a gym and would be suitable for community use subject to planning. The property has a total net internal floor area of 423.3 sq. m. (4,556 sq. ft.) The premises are situated in the heart of Hamilton, a popular, modern residential area lying approximately 4 miles north-east of Leicester City Centre.

Situation - The property is situated on Sandhills Avenue in North Hamilton to the north-east of Leicester and close to the Outer Ring Road.

This area of Leicester has seen significant development over recent years and there will be approximately 1,500 new houses built when all the proposed schemes are completed.

The location of the building can be found on the attached plan.

In the 2011 Census, the population of the Leicester City Council area was approximately 330,000, the highest in the East Midlands, with approximately 510,000 in the wider Leicester urban area. It is, therefore, the tenth largest city in the UK and Englands 11th largest urban area.

Leicester is situated adjacent to the M1 at its intersection with the M69 and, road communications are very good. The Midland Mainline Railway serves the city and the journey time to London St. Pancras is just over an hour. Furthermore, East Midlands Airport is approximately half an hours drive away.

Leicester is a cosmopolitan city with the largest ethnic population in the country with the majority of Asian origin.

There are two large universities, the University of Leicester and Leicester De Montfort with a combined population of approximately 30,000

Major employers include the two universities, Pepsico, Next Plc, Santander, Samworth Brothers, Crown Crest Group, Shoe Zone Group and Topps Tiles.

Leicester has a broad industrial and commercial base with nearly 25% of the population working in the manufacturing sector compared with a national average of 15%.

Description - The property comprises a purpose-built, two-storey day nursery, gym or similar built to a shell finish and including a garden or outside play area and ample parking.

The accommodation is mostly open plan.

Accommodation - The property has the following net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice.

Ground floor 213.7 sq. m. (2,300 sq. ft.)
First Floor 209.6 sq. m. (2,256 sq .ft.)
Total 423.3 sq. m. (4,556 sq. ft.)

Lease - The property is available to let under a new effectively full repairing and insuring lease for a term to be agreed.

Rent - £45,000 per annum.

Price - A sale of the long leasehold interest might be considered. Enquiries in this respect should be made to the sole agent.

Services - Although the property is being let to a shell finish, all mains services are connected.

Business Rates - The property is described in the 2010 Rating List as Gymnasium and Premises with a Rateable Value of £18,250. The assessment has been increased to £27,500 per annum in the draft 2017 Rating List which comes into effect on 1st April.

Service Charge - A service charge will be payable to cover the maintenance of common areas.

Energy Performance Certificate - An EPC is being obtained and will be available shortly.

Possession - Vacant possession will be given upon satisfactory completion of legal documentation.

Costs - Each party is to be responsible for their own legal costs incurred in respect of this transaction.

Planning - The property originally had Planning Permission to be used as D1: Non-Residential Institutions.

Planning permission was granted on 15th October, 2015 for a change of use from Day Nursery to Gym (Application 20151402)

The building is suitable for a number of different uses subject to obtaining the necessary Planning consents. For further information please contact Leicester City Council, Planning Department on (0116) 252 7200.

Vat - VAT will be payable in respect of this transaction

Viewings - For further information or to arrange a viewing please contact Kevin Skipworth of Andrew Granger & Co, Leicester office on (0116) 242 9933 or via email at kevin.skipworth@andrewgranger.co.uk


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