- Brand new retail unit of 64.0 sq. m (potential to extend to 86.0 sq. m)
- Situated opposite the West Entrance to Uni Park
- Offered to let on a new lease at £17,500 pa exclusive
- Interested parties are invited to discuss their proposed use with the owners
- High profile location, good footfall from Beeston to Uni
- No on site parking but servicing is available to the front
- Interested parties invited to discuss their user requirements with CP Walker
- EPC Rating TBC
The unit forms part of an extensive refurbishment of a prominent building to provide a convenience store (let to the Co-op), a second retail unit and four flats over. The refurbishment scheme has seen a comprehensive transformation of the external envelope to include new roof coverings, new windows and shop fronts and resurfaced external areas.
The property is offered to let on a new lease at a rent of £17,500 per annum exclusive.
Please note that an additional storage area can be provided to increase the net internal area to 86 sq. m if required.
, The property is situated on the Broadgate roundabout directly opposite the West Entrance to University Park, the University of Nottingham's main campus.
The road outside the unit is University Boulevard, the A6464, a busy arterial dual carriageway that connects the A52 at Priory Island with Queens Road just to the south of the property. After its junction with Queens Road, University Boulevard also continues along the side of University Park providing access to the south and east entrances to the University, QMC and Nottingham's main ring road at Dunkirk flyover.
The property sits at the corner of University Boulevard and Broadgate. Broadgate is one of the main access routes in to Beeston town centre, approximately 800m away from the property.
The surrounding area is principally residential and there is a significant student population: 3,200 students on the University Park campus, 2,300 students at Broadgate Park opposite the property. There is also a large student population living in the eastern fringe of Beeston. This all creates a significant footfall past the property each day as people pass to and from the University.
The "University Boulevard" tram stop is situated close to the property at the junction with Queens Road.
The available retail unit forms part of a comprehensive refurbishment of the old Harry Mitchell College building. The majority of the ground floor has been let to the Co-op for a convenience store.
The available retail unit is situated adjoining the Co-op store and overlooks the Broadgate roundabout. This provides a very prominent and visible frontage to both passing traffic and pedestrians. There is a new shop front with second display window to the side along the splayed elevation to the Broadgate roundabout.
The development has seen a complete refurbishment of the external envelop of the building to include new roof coverings, new windows and shop fronts and new curtain walling to the upper floors. There are six on site parking spaces that have been let in their entirety to the Co-op so no parking facilities allocated to the unit. However, there is a shared servicing area that the unit has the use of for deliveries.
Retail Unit 9.32m (30'7) x 7.52m (24'8)
A brand new retail unit that is being created at the corner of the property when University Boulevard meets Broadgate. Entrance to the unit is adjoining the Co-op and there is a second display window along the side splayed elevation. Inside, the unit is rectangular in shape and there area accesses to the rear to a private enclosed yard area and to the side to the bin store area.
The retail unit has been finished to a shell ready to take the ingoing tenant's shop fit.
The developer is prepared to undertake further work as part of any deal subject to an agreement for lease. Provision has been made for a WC and kitchenette but this can be altered to suit occupier requirements. Heating and electrical installation will form part of the tenants's fit out.
The property has planning for A1, A2 or A3 uses. The A3 planning granted does not include any permission for extraction equipment and if the proposal includes cooking hot food, the incoming tenant would need to obtain permission accordingly. The owners would consider an A5 use from established businesses only but tenants would need to obtain planning permission.
Interested parties are invited to discuss their proposals with the letting agent, CP Walker & Son.
The unit is offered to rent on a new lease at a rent of £17,500 per annum exclusive. The lease is to be granted on effective full repairing and insuring terms with 5 yearly rent reviews. The minimum initial lease term is 5 years.
The floor plan illustrates a layout to include a kitchen - this can be provided subject to occupier requirements.
The unit will be fitted with a WC (suitable for disabled use)
The unit will have a depth of 9.32 m (30 ft 7 in) and a width of 7.52 m (24 ft 8 in). The sales area is : 64.0 sq. m / 689 sq. ft or thereabouts. There is a separate yard to the rear that could be covered if additional area is required (subject to planning being obtained). This would create a further 22 sq. m of accommodation / total size therefore 86 sq. m / 926 sq. ft. Speak to CP Walker for further information on this.
Rates and Buildings Insurance
The Rates Payable will be assessed upon completion of the refurbishment scheme.
The tenant is also liable to pay a fair proportion of the buildings insurance premium attributable to the property (not yet assessed).
Expressions of interest are invited for the unit. The building owners are looking for a use that will compliment the other occupiers of the building. The owners are ideally looking for established businesses - it is unlikely that new start up businesses will be considered unless in exceptional circumstances.
Further Information and Viewings
For more information or to view the property, contact Dan Walker in our Commercial Property Department on Direct Line: 0115 968 3282 or by email at firstname.lastname@example.org.
Please note that viewings will only be undertaken if the proposed use of the property has been discussed and considered appropriate.
The EPC Rating is TBC.
This property is owned by Tottlebrook Investments (2001) Ltd . Notice is given in accordance with Section 21 of the Estate Agents Act 1979 that partners and employees of CP Walker & Son have an interest in this property.
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