Leasehold or Freehold Available
The property is a character building with a glazed frontage arranged over ground, first, second and third floors with basement. There are two entrances at the front which allow the upper parts to be utilised for separate uses, if required. Ground floor currently comprises a large main sales area while the upper floors and basement were used for staff and ancillary space. Tenure The property can be made available on a new full repairing and insuring lease, for a term of years to be agreed. Alternatively, the freehold interest could be made available. Rent Offers are invited in excess of £90,000 pax. Offers for the freehold interest are invited in the region of £1,200,000. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £88,500.00 and the rates payable are £43,453.50 pa. The UBR for 2019/2020 is 49.10p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The unit occupies a prominent position on Milton Street, benefitting from being opposite the main entrance to Intu Victoria Shopping Centre and close to the top of Clumber Street. Intu Victoria benefits from an annual footfall of 24 million and Clumber Street is Nottingham’s busiest shopping street. The subject unit is also very close to Trinity Square and The Cornerhouse leisure development, thus benefitting from a mix of retail and leisure footfall and spend. Occupiers in the immediate vicinity include John Lewis, Superdry Urban Outfitters and Bistrot Pierre.