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The Old Town Hall, Station Road NG6 9AA

£650,000

£49.55 per sq. ft.

Business rates & charges may apply

HEB Property Consultants, Nottingham
SIZE AVAILABLE
13,118 sq. ft.
(1,219 sq. m.)
SECTOR
Mixed use property for sale
USE CLASS
Use class orders: A1 Shops, B1 Business, C3 Dwelling Houses and Class E
A1, B1, C3, E

Key features

  • Part let investment with future development potential.
  • Current net income is £46,750 per annum.
  • Prominent detached building adjacent to town centre car park & tram stop.
  • Lapsed planning consent granted for conversion into 21 self-contained apartments.
  • Total floor area of 13,118 sq ft.

Property description

Tenure: Freehold

LOCATION:
Bulwell is a busy suburban area situated to the north of Nottingham with a thriving High Street.

The property is situated within the town centre and accessed off Station Road with a prominent frontage onto Highbury Road.

Immediately adjacent to the property is an open surfaced town centre car park, adjacent to which is Bulwell Railway Station and Bulwell tram stop, both offering direct access to Nottingham city centre. The property enjoys a prominent position and can easily be seen from Main Street, Station Road and Highbury Road.

DESCRIPTION:
The property is arranged over four floors and is a red brick Victorian building originally used as the Bulwell Town Hall.

The property is currently let to four tenants with additional vacant areas.

TENURE:
Freehold.

PRICE:
The property is available to purchase at a price of:-
£650,000 Freehold

TENANCY / FLOOR AREAS:
A full tenancy schedule is shown on page 2 of the brochure.

The building currently produces £46,750 per annum. There are vacant areas which could be let or redeveloped subject to receiving the appropriate consents.

The building has a total gross floor area of 13,118 sq ft

PLANNING & DEVELOPMENT:
The building would be suitable for development / conversion subject to appropriate consents.

Planning consent was granted in March 2017 for conversion into 21 self-contained apartments, Nottingham City Council Planning Ref 16/01831/PFUL3. This consent has now expired.

VAT:
Vat is applicable to the purchase price.

EPC:
The building is rated E.

CLICK LINK BELOW FOR BROCHURE

Brochures

The Old Town Hall, Station Road NG6 9AA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bulwell Station0.0 miles
  • Bulwell Forest Tram Stop0.5 miles
  • Highbury Vale Tram Stop0.8 miles

About HEB Property Consultants, Nottingham

Apex Business Park Wilford, Nottingham, NG11 7DD

heb Property Consultants are one of the region’s leading practices of Chartered Surveyors that specialise in all aspects of commercial property. We are a multi-discipline consultancy and our clients range from corporate companies and pension funds to small property trusts and individuals, we also provide various services to local authorities and charities.

Our ethos is based around core principles of strong communication with our clients, partner led services and a commitment to both cr

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Notes

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Disclaimer - Property reference OldTownHall. 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 HEB Property Consultants, 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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