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96-98 Derby Road, Nottingham, Nottinghamshire, NG1

Offers Invited
Musson Liggins Limited, Nottingham
SIZE AVAILABLE

15,669 sq ft

1,456 sq m

SECTOR

14 bedroom mixed use property for sale

Key features

  • 14 Residential Flats
  • Frontage To Derby Road
  • Income Producing
  • City Centre Location

Description

Description
The subject property comprises a four-storey property of traditional construction beneath a pitched roof covering. The property also includes PVC rainwater goods.

At ground floor level the property comprises of a commercial unit which is trading as the Whistle & Flute. The premises have comprehensively been refurbished as a bar which also includes a Manager's flat to the rear of the premises which now extend into the caves with further seating areas available.

To the upper floors the subject property has been let to a Housing Association, who have converted these areas into 14 residential flats. Flats 1-9 are accessed via the Derby Road elevation whilst flats 10-14 are accessed via the Wollaton Street elevation.

Tenancy
Ground Floor
The premises are currently occupied on an informal basis, and currently operating as the 'Whistle & Flute" bar at a current rent of £21,000 per annum.

Upper Floors
The upper floors are occupied by Places for People by way of a 40 year lease held on FRI terms expiring in September 2040.
The current rent for the premises is £11,500 per annum which is reviewable every 5 years but linked to no more than RPI or the Housing Corporation rent index. for the remainder of the lease.

Further details are avaliable upon request

Business Rates
Business rates information available upon request from the agents.

For further information regarding rates payable and small business rates relief, please contact Nottingham City Council.

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

For further information on planning and use, please Contact Nottingham City Council Planning Control Department.

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

Terms
The premises are available to purchase either with the benefit of the occupational tenancies or alternatively with vacant posession of the upper floors.

Price
Offers are invited for the premises subject to the occupational leases.

Services
We understand that electricity and water are connected to the premises however we recommend that interested parties contact the relevant service providers to confirm this.

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.

Brochures

96-98 Derby Road, Nottingham, Nottinghamshire, NG1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Nottingham Trent University Tram Stop0.3 miles
  • Royal Centre Tram Stop0.3 miles
  • Old Market Square Tram Stop0.4 miles

About Musson Liggins Limited, Nottingham

Brigade House 5 Albion Street Beeston Nottingham NG9 2PA

The Company was established in 1987 by Stephen Musson and Matthew Liggins. It is a Nottingham City Centre based Practice but acts for clients, corporate and private, throughout the United Kingdom and Ireland.

Musson Liggins is a General Practice Surveying firm providing a comprehensive range of both conventional and specialist property services. Each Director specialises in widely differing areas of expertise, ably supported by a strong, in depth surveying team along with highly competent administration staff, who work closely to provide what our clients believe, is an excellent all round service.

Having developed a substantial private client base over 26 years, the Practice acts as Appointed Valuers to the majority of High Street Clearing Banks and Private Banks in the provision of specialist valuation services on their behalf and on behalf of their customers.

The Practice is now Registered with the RICS in accordance with the new Valuer Registration Scheme and the individual valuers within the Practice are accredited to the scheme.

At Musson Liggins we take great pride in the quality of the work we undertake for our clients, implementing the full range of skills and expertise associated with the provision of an excellent service.

Commercial awareness, adding value and the mitigation of occupational and ownership costs are considered to be paramount to the service we provide.

Notes

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Disclaimer - Property reference 9698DerbyRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Musson Liggins Limited, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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