Derby Road, Nottingham, Nottinghamshire, NG1

LOCATION
The premises occupy a prominent location on the corner of Derby Road and Upper College Street. Derby. Derby Road is the principle connecting route for the neighbouring student residential area of Lenton and professional quarter of The Ropewalk which leads into the city centre beyond.

Derby Road is home to a combination of independent retail and leisure operators, along with serviced based occupiers.

Derby Road and the immediate surrounding areas are seeing extensive development with further student residential accommodation currently under construction and in the pipeline.

Notable nearby occupiers include Tough Mary's Bakehouse, The Hand in Heart, Sole Hairdressing and Comfort Lettings.

DESCRIPTION
The premises comprise an open plan ground floor retail area with ancillary accommodation behind.

At the time of preparing these particulars the property is currently being stripped out by the former tenant and will provide the following specification:

* Electric roller shutter door
* Intruder alarm
* Double door frontage onto Derby Road
* Painted and plastered walls
* Level floor ready for installation of floor coverings
* WC, kitchen and storage to the rear

ACCOMMODATION
From measurements taken on site the property has the following approximate Net Internal Area in accordance with the RICS Code of Measuring Practice, 6th Edition:

Retail / Sales: 168.9 sq m / 1,818 sq ft
Ancillary: 97.6 sq m / 1,050 sq ft
Total: 266.5 sq m / 2,868 sq ft

ERMS OF DISPOSAL
The premises are available by way of a new internal repairing and insuring lease for a term of years to be agreed.

QUOTING RENT
The premises are available at a rental of:

£24,000 per annum

BUSINESS RATES
From enquiries made of the VOA website we understand that the property is currently assessed as follows:

Local Authority: Nottingham City Council
Description: Shop & Premises
Rateable Value: £39,500

Please note that from 1st April 2023 the proposed Rateable Value is £37,500.

PLANNING
From enquiries made of Nottingham City Council we understand that the property currently has the benefit of planning consent for use under Class E.

Interested parties are advised to make their own enquiries of Nottingham City Council in respect of their proposed use.

SERVICES
We understand that mains water and electricity are available and connected to the premises.

VAT
All rents are quoted exclusive of VAT, if applicable.

ENERGY PERFORMANCE CERTIFICATE
The property has an Energy Performance Asset Rating of C.

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