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Retail Property (high street) to rent

217 University Boulevard, NG9 2GJ

£1,458 pcm

Property Description

Key features

  • Brand new retail unit of 64.0 sq. m (potential to extend to 86.0 sq. m)
  • Situated opposite the West Entrance to Uni Park
  • Offered to let on a new lease at 17,500 pa exclusive
  • Expressions of interest invited for A1 or A2 retail uses
  • High profile location, good footfall from Beeston to Uni
  • No on site parking but servicing is available to the front
  • Interested parties invited to discuss their user requirements with CP Walker
  • EPC Rating TBC

Full description

A brand new retail unit of approximately 64.0 sq. m situated opposite the West Entrance to University Park, the University of Nottingham's main campus.

The unit forms part of an extensive refurbishment of a prominent building to provide a convenience store (Let to the Co-op), a second retail unit and four flats over. The refurbishment scheme has seen a comprehensive transformation of the external envelope to include new roof coverings, new windows and shop fronts and resurfaced external areas.

The Co-Op store has now opened (as at the start of Sept 18). The retail unit is ready to be fitted out prior to trading commencing.

The property is offered to let on a new lease at a rent of £17,500 per annum exclusive.

Please note that an additional storage area can be provided to increase the net internal area to 86 sq. m if required.

The Development
The available retail unit forms part of a comprehensive refurbishment of the old Harry Mitchell College building. The majority of the ground floor has been let to the Co-op for a convenience store.

The available retail unit is situated adjoining the Co-op store and overlooks the Broadgate roundabout. This provides a very prominent and visible frontage to both passing traffic and pedestrians. There is a new shop front with second display window to the side along the splayed elevation to the Broadgate roundabout.

The development has seen a complete refurbishment of the external envelop of the building to include new roof coverings, new windows and shop fronts and new curtain walling to the upper floors. There are six on site parking spaces that have been let in their entirety to the Co-op so no parking facilities allocated to the unit. However, there is a shared servicing area that the unit has the use of for deliveries.

Retail Unit 9.32m (30'7) x 7.52m (24'8)
A brand new retail unit that is being created at the corner of the property when University Boulevard meets Broadgate. Entrance to the unit is adjoining the Co-op and there is a second display window along the side splayed elevation. Inside, the unit is rectangular in shape and there area accesses to the rear to a private enclosed yard area and to the side to the bin store area.

The retail unit has been finished to a shell ready to take the ingoing tenant's shop fit.
The developer is prepared to undertake further work as part of any deal subject to an agreement for lease. Provision has been made for a WC and kitchenette but this can be altered to suit occupier requirements. Heating and electrical installation will form part of the tenants's fit out.

User
The property is being advertised for a good quality A1 use. Some A2 uses may be consdered. The owners are looking for a business that will compliment and enhance the other occupiers of the property. Please note that is is unlikely that A3, A4 or A5 uses would be considered suitable.

Interested parties are invited to discuss their proposals with the letting agent, CP Walker & Son.

Terms
The unit is offered to rent on a new lease at a rent of £17,500 per annum exclusive. The lease is to be granted on effective full repairing and insuring terms with 5 yearly rent reviews. The minimum initial lease term is 5 years.

Kitchen
The floor plan illustrates a layout to include a kitchen - this can be provided subject to occupier requirements.

Bathroom
The unit will be fitted with a WC (suitable for disabled use)

Floor Areas
The unit will have a depth of 9.32 m (30 ft 7 in) and a width of 7.52 m (24 ft 8 in). The sales area is : 64.0 sq. m / 689 sq. ft or thereabouts. There is a separate yard to the rear that could be covered if additional area is required (subject to planning being obtained). This would create a further 22 sq. m of accommodation / total size therefore 86 sq. m / 926 sq. ft. Speak to CP Walker for further information on this.

Rates and Buildings Insurance
The Rates Payable will be assessed upon completion of the refurbishment scheme.

The tenant is also liable to pay a fair proportion of the buildings insurance premium attributable to the property (not yet assessed).

Application Process
Expressions of interest are invited for the unit. The building owners are looking for a use that will compliment the other occupiers of the building. The owners are ideally looking for established businesses - it is unlikely that new start up businesses will be considered unless in exceptional circumstances.

Further Information and Viewings
For more information or to view the property, contact Dan Walker in our Commercial Property Department on Direct Line: 0115 968 3282 or by email at dan@cpwalker.co.uk.

Please note that viewings will only be undertaken if the proposed use of the property has been discussed and considered appropriate.

EPC Rating
The EPC Rating is TBC.

Special Note
This property is owned by Tottlebrook Investments (2001) Ltd . Notice is given in accordance with Section 21 of the Estate Agents Act 1979 that partners and employees of CP Walker & Son have an interest in this property.


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Industry affiliations

Association of Residential Letting Agents National Association of Estate Agents Ombudsman for REsale Estate Agents (no OFT logo) Ombudsman for Lettings Estate Agents