Property Detail

LOCATION

The property occupies a good location just off Nuthall Road approximately 3 miles from Nottingham City Centre and 2 miles from the M2 motorway.

DESCRIPTION

The property comprises a ground floor cash and carry warehouse with ancillary offices and good forecourt for parking and loading.

ACCOMMODATION

The accommodation comprises;

WAREHOUSE with Draught Lobby, Office, Ladies and Gents W.C. and main Cash and Carry Warehouse. 

The gross internal area extends to 8,047 sq.ft. (747 sq.metres).  The premises have an eaves height of 13’ 6” (4.13 metres).  The accommodation is heated by gas warm air blowers.

RATEABLE VALUE

On enquiry of the Valuation Office website we understand the property is assessed for rating purposes at Rateable Value £22,750.

TERMS

The property is held on a 21 year Lease from the 20^th September 1997 on an internal repairing basis with rent reviews at three yearly intervals at a current annual rent of £34,000 per annum.  The tenant constructed approximately 1,300 sq.ft. of new space for which no rent is chargeable under the Lease.  The tenant is entitled to 21 years rent free enjoyment of this accommodation following its completion.

The tenant is seeking to assign the balance of the Lease.

LEGAL COSTS

The ingoing tenant is to be responsible for the current tenant’s legal costs and the legal costs of Nottingham City Council (the landlord).

VIEWING

Strictly by appointment with the Chartered Surveyors on (0113) 2667666.

Joint Letting Agent  - Paul Giles, Savilles, Nottingham (0115) 9348050

Subject to Contract

MISREPRESENTATION CLAUSE

Nabarro McAllister & Co for themselves and for vendors or lessors of this property whose agents they are, give notice that:

1.             The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute nor constitute part of, an offer or contract;

2.             All descriptions, dimensions, reference to condition and necessary permission for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on any statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

3.             No person in the employment of Nabarro McAllister & Co has any authority to make or give any representation or warranty whatever in relation to this property.