170 Alfreton Road, Radford, Nottingham NG7 3NU

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Auction Sale - 15/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website

Freehold Investment & Development Opportunity Let to Dixy Chicken with Planning Permission for 10 Student Studios and a New Commercial Unit in a Prominent Nottingham Location. Current Rent £15,000 p.a.

Description

Freehold mixed-use investment and development opportunity comprising a ground floor fast food takeaway together with upper floors benefiting from planning permission for conversion into 10 student studio apartments.

Location

The property occupies a prominent corner position fronting Alfreton Road (A610), one of Nottingham's main routes linking the city centre with the Nottingham Ring Road and Junction 26 of the M1 motorway. The surrounding area has experienced significant regeneration and investment in recent years, including major purpose-built student accommodation developments nearby. Nottingham city centre, Nottingham Trent University and the wider student population are all within easy reach, underpinning the property's appeal as a mixed-use investment and development opportunity.

Transport

Road: The property occupies a prominent position on Alfreton Road (A610), one of Nottingham's principal arterial routes providing direct access to Nottingham City Centre, the Nottingham Ring Road and Junction 26 of the M1 motorway.

Rail: Nottingham Railway Station is located to the south-east of the property and provides regular services to London St Pancras, Birmingham, Leicester, Sheffield and other regional destinations.

Tram: The nearest NET tram stops are located within Nottingham city centre, providing connections across the city and surrounding suburbs.

Bus: Alfreton Road is a well-established public transport corridor benefitting from frequent local and regional bus services.

Air: East Midlands Airport is situated approximately 15 miles south-west of Nottingham and provides a range of domestic and international flights.

Tenancy

Ground and Basement Let to Dixy Chicken on a lease for a term of 10 years from April 2024 originally granted following the surrender of a previous tenancy. The current passing rent is £15,600 per annum, with the tenant having traded from the premises since 2006. The lease is understood to be contracted outside the security of tenure provisions of the Landlord & Tenant Act 1954 and incorporates a rent review due in mid-2027 and a break option at the 5th anniversary (1).

Accommodation

Existing

Ground Floor - 94.40 sq m (1,016 sq ft)

First Floor - 91.50 sq m (984 sq ft)

Second Floor - 74.27 sq m (799 sq ft)

Total - 260.17 sq m (2,799 sq ft)

Proposed (GIA)

Ground Floor - 101.5 sq m (1,093 sq ft)

First Floor - 114.9 sq m (1,237 sq ft)

Second Floor - 114.9 sq m (1,237 sq ft)

Outbuilding - 30.0 sq m (323 sq ft)

Total - 361.3 sq m (3,889 sq ft)

Planning

Planning permission was granted by Nottingham City Council on 12 June 2026 (Ref: 24/01092/PFUL3) for the conversion of the upper floors to provide 10 student studio apartments together with a rear extension and the reconstruction of a former outbuilding to create an additional Class E commercial unit. Copies of the planning consent and associated plans are available for inspection within the legal pack.