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

QUOTING RENT
The premises are available by way of a new internal repairing and insuring lease for a term of years to be agreed at a rent of:

£24,000 per annum exclusive

GUIDE PRICE
The Long Leasehold interest, which is held for a term of 200 years from 1 January 2000, is available at a guide price of:

£250,000

Further information is available form the Agent upon request.

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: £37,500

PLANNING
The Landlords Long Leasehold interest currently allows for use under Class A1 (such as shops, retail warehouses, hairdressers, undertakers, travel and ticket agencies, post offices, pet shops, sandwich bars, showrooms, domestic hire shops, dry cleaners and funeral directors).

Alternative uses may be permitted subject to obtaining Head Landlord consent and Planning Permission, if necessary.

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(70).

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