8-12 Hilton Crescent, West Bridgford, NG2 6HT

Location
The property is situated within the Hilton Crescent suburban retail parade in West Bridgford, Nottingham.

The town of West Bridgford is a prosperous and extremely well-regarded suburb of Nottingham, situated immediately southeast of the River Trent.

Hilton Crescent is approximately 1 mile from West Bridgford town centre (Central Avenue), 1.5 miles from Trent Bridge Cricket ground and The City Ground (Nottingham Forest) and is approximately 2.5 miles southeast of Nottingham city centre (Old Market Square).

The Property
The property comprises a site of approximately 0.3 acres upon which a Co-op Supermarket has been constructed.

The building comprises a main sales area with ancillary staff and storage accommodation and a gated service yard to the side and rear.

The building enjoys a prominent corner position with double frontage and is just off Leahurst Road, a short distance from Melton Road (A606).

At the northeast of the property, a separate retail area (6 Hilton Crescent) has been created which appears to have previously been occupied by a third party retailer.

Parking
Generous parking is available in the immediately adjacent precinct shoppers' car park.

Accommodation 8-12 Hilton Crescent
Ground Floor: 594.45 sq m (6,399 sq ft *)

Site Area: 0.3 acres (0.121 hectares)

* At the time of our inspection, certain areas of the premises were inaccessible due to plant, shopfitting constraints or other operational reasons.

We believe the areas noted above is fair and reflective of the accommodation, however, no warranty is provided in this respect.

Tenure
The freehold interest is offered for purchase.

The property is currently held by the Co-op by way of the balance of a 99 year ground lease from 17 February 1954 (expiring 31 March 2053). A copy of the long lease document and Deed of Variation is available upon request.

The rent passing under the ground lease is £250 per annum.

Price
£150,000
For the freehold interest and subject to the long lease to Co-op

Business Rates
The property appears to be listed as 6 Hilton Crescent and has the following rateable value:-
£49,750

Planning
The property has a well-established retail use which we have assumed to be the permitted use under:-
E: (Commercial Business & Service) Retail

VAT
VAT is not applicable to the purchase price.

EPC
C-55

Estimated Rental Value
We consider the property to have an approximate ERV of £60,000, based on approximately £9.50 per sq ft.

Viewings
Interested parties are able to access the public-facing retail areas during standard business hours.

Video footage of the interior (including non-retail areas) is available upon request. If a further viewing of staff / ancillary space is required, prior arrangements must be made via the selling agents.