£185,000
(£213.13/sq. ft)
Retail premises for saleCroft Road, Arnold NG5
868 sq. ft
Under offer
About this property
Prominent position on croft road which links high street and front street
Combination of national and local retailers nearby
Ancillary accommodation to the first floor
Available March 2025
Location
Arnold is a well-established suburb of Nottingham which is located approximately 4 miles north of the City Centre. The town has a resident population of circa 40,000 people and a catchment population of over 110,000 people. The location is a popular residential suburb and benefits from good transport links in and out of the City Centre via Mansfield Road (A60).
The property occupies a prominent position on Croft Road which connects High Street and Front Street, Front Street being the principal shopping pitch in the town. Croft Road is a busy vehicular cut through and directly opposite the property is Croft Road Car Park which provides 2 hours free parking.
Nearby operators include Papa Johns, Dominos, Iceland, Boots and Holden Copley Estate Agents.
Description
The premises comprise a modern self-contained mid terraced retail unit configured over ground and first floor provided retail accommodation to the ground floor with ancillary accommodation to the first floor.
The property has most recently been used as a hair salon with the ground floor having wood effect flooring, suspended ceiling with inset lighting, painted and plastered walls and a full width glazed frontage with security shutter.
At first floor level there is a small office, W/C and tea point, all of which is accessed off the rear staircase.
Car parking
The property has the benefit of 1 car parking space within the shared car park to the rear.
Accommodation
The property has the following Net Internal Areas in accordance with the RICS Code of Measuring Practice, 6th Edition:
Ground Floor 60.15 sq M 647 sq ft
First Floor 20.55 sq M 221 sq ft
Total 80.7 sq M 868 sq ft
Terms of disposal
The freehold interest in the property will be sold with vacant possession. Alternatively the property is available on a new fully repairing and insuring lease for a term of years to be agreed.
Price / rent
£185,000 for the freehold
£15,900 per annum exclusive to rent
Business rates
From enquiries made of the voa website we understand that the property is currently formed by two assessments as follows:
Ground Floor
Local Authority: Gedling Borough Council
Description: Shop & Premises
Rateable Value: £13,500
First Floor
Local Authority: Gedling Borough Council
Description: Offices & Premises
Rateable Value: £1,400
Services
It is understood that mains gas, water and electricity are available and connected to the premises.
Planning
From enquiries made of Amber Valley District Council it is understood that the property currently has the benefit of a Class E Consent.
Alternative retail uses may be permitted, although interested parties are advised to make their own enquiries of Gedling District Council’s Planning Department in respect of their proposed use.
VAT
All rents are quoted exclusive of VAT, if applicable.
Energy performance certificate
The premises have an Energy Performance Asset Rating of C(52).
Legal costs
Each party will be responsible for their own legal costs involved in this transaction.
Arnold is a well-established suburb of Nottingham which is located approximately 4 miles north of the City Centre. The town has a resident population of circa 40,000 people and a catchment population of over 110,000 people. The location is a popular residential suburb and benefits from good transport links in and out of the City Centre via Mansfield Road (A60).
The property occupies a prominent position on Croft Road which connects High Street and Front Street, Front Street being the principal shopping pitch in the town. Croft Road is a busy vehicular cut through and directly opposite the property is Croft Road Car Park which provides 2 hours free parking.
Nearby operators include Papa Johns, Dominos, Iceland, Boots and Holden Copley Estate Agents.
Description
The premises comprise a modern self-contained mid terraced retail unit configured over ground and first floor provided retail accommodation to the ground floor with ancillary accommodation to the first floor.
The property has most recently been used as a hair salon with the ground floor having wood effect flooring, suspended ceiling with inset lighting, painted and plastered walls and a full width glazed frontage with security shutter.
At first floor level there is a small office, W/C and tea point, all of which is accessed off the rear staircase.
Car parking
The property has the benefit of 1 car parking space within the shared car park to the rear.
Accommodation
The property has the following Net Internal Areas in accordance with the RICS Code of Measuring Practice, 6th Edition:
Ground Floor 60.15 sq M 647 sq ft
First Floor 20.55 sq M 221 sq ft
Total 80.7 sq M 868 sq ft
Terms of disposal
The freehold interest in the property will be sold with vacant possession. Alternatively the property is available on a new fully repairing and insuring lease for a term of years to be agreed.
Price / rent
£185,000 for the freehold
£15,900 per annum exclusive to rent
Business rates
From enquiries made of the voa website we understand that the property is currently formed by two assessments as follows:
Ground Floor
Local Authority: Gedling Borough Council
Description: Shop & Premises
Rateable Value: £13,500
First Floor
Local Authority: Gedling Borough Council
Description: Offices & Premises
Rateable Value: £1,400
Services
It is understood that mains gas, water and electricity are available and connected to the premises.
Planning
From enquiries made of Amber Valley District Council it is understood that the property currently has the benefit of a Class E Consent.
Alternative retail uses may be permitted, although interested parties are advised to make their own enquiries of Gedling District Council’s Planning Department in respect of their proposed use.
VAT
All rents are quoted exclusive of VAT, if applicable.
Energy performance certificate
The premises have an Energy Performance Asset Rating of C(52).
Legal costs
Each party will be responsible for their own legal costs involved in this transaction.
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