70b Front Street, Arnold, Nottingham, NG5 7EJ

LOCATION
The property is located with a frontage to Front Street, which is the main retail area of Arnold, surrounded by nearby retailers and cafes.

Nottingham City Centre is approximately 4.5 miles distance to the south of the premises, accessed via the A611 Mansfield Road, one of the main arterial routeways in and out of the city.

Arnold is a market town, unparished area, and suburb of the city of Nottingham, in the English ceremonial county of Nottinghamshire. It is situated to the north-east of Nottingham's city boundary and is in the local government district of Gedling Borough.

The property itself is located within the main commercial area of Arnold and is surrounded by well-established retailers such as Boots, Costa Coffee and Iceland alongside a number of small independent retailers.

DESCRIPTION
The premises comprise of a mid-terraced quality retail unit occupying a prominent position on Front Street, Arnold built up of brick and blockwork elevations beneath a flat roof covering.

Internally, the premises offer ground floor retail accommodation with rear access alongside storage, preparation, and kitchen facilities. The property provides further storage at first floor level, with W/C and shower facilities.

We have been informed the property benefits from a shared yard area to the rear of the property.

Car parking can be applied for by traders through Gedling Borough Council at either a quarterly or annual cost.

BUSINESS RATES
Rateable value: £12,250

For further information on Rates Payable and Small Business Rates Relief contact Gedling Borough Council.

PLANNING
We understand that the property has Planning Consent for its existing use.

For further information, please contact Gedling Borough Council.

EPC (Energy Performance Certificates)
A copy of the existing building's Energy Performance Certificate can be obtained from the Agents.

TERMS
The property is tenanted by way of an FRI Lease, commencing on 1st June 2018, expiring on 31st May 2033 at a current passing rent of £16,000 per annum.

It is understood that the premises benefit from 5 yearly rent reviews.

PRICE
£225,000 (Two Hundred and Twenty Five Thousand Pounds)

SERVICES
We understand that mains electricity, gas, water and drainage are connected to the premises.

VAT
Prices are quoted exclusive of Value Added Tax (VAT).

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction.

VIEWING
Strictly by prior appointment with the Sole Agents Musson Liggins Ltd.