15 St. Peters Gate, Nottingham, Nottinghamshire, NG1 2JF

DESCRIPTION
The subject property comprises a three-storey, mid-terrace retail building.

The accommodation is arranged to provide a retail sales area on the ground and first floors, with the basement and second floor providing ancillary storage and plant room space. The total net internal area extends to approximately 6,092 sq ft (566.804 sq m).

The property is currently let in its entirety to The White Company (U.K.) Limited. The tenant undertook a significant refurbishment in late 2020, which included the installation of a new shop front and roof improvements, ensuring the building presents to a high standard.

LOCATION
15 St Peters gate is situated in a prominent position on the north side of St Peter's Gate, in the heart of Nottingham City Centre.

It is located close to the junction with Bridlesmith Gate, one of the city's prime retail thoroughfares.

The immediate area boasts a high-quality retail mix, with nearby occupiers including Waterstones, Goldsmiths, Molton Brown, Boss, and Reiss.

Nottingham City Centre is a major commercial and retail hub for the East Midlands, attracting significant footfall.

Business Rates
Rateable Value: £120,000

This is not the amount you will pay. 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 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

TENURE/INCOME
The premises are currently let by way of a new 5 year lease term at a rent of £65,000 per annum

THE WHITE COMPANY (U.K.) LTD (TENANT)

2024 (£ Million)
Turnover: £299.7
EBITDA: 41.5
Underlying Profit: £27.7
Operating Profit: £20.2

2023 (£ Million)
Turnover: £287.2
EBITDA: 42.8
Underlying Profit: £32.6
Operating Profit: £31.8

Terms
The premises are available For Sale on a Freehold basis subject to the occupational tenancy.

price
Offers in excess of
£800,000 (Eight Hundred Thousand Pounds)

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.