£5,200 pa
(£14.42/sq. ft. pa)
Office to letMarket Place, Arnold, Nottingham NG5
468 sq. ft
About this property
Office suite 3 with parking
Location
This development of the former Market Place provides for a landmark two storey scheme in the heart of Arnold Town Centre. The property is close to the Hallam’s Lane/King George V 55 space Pay & Display car park. This is available Monday to Saturday 9am to 3pm with the first two hours free or £3 all day.
In addition, there is a secure gated parking area off Hallam’s Lane with parking spaces for the remaining first-floor suites and 2 shared accessible spaces and 1 shared EV charging point (Electricity usage re-charged to the suites). The yard also provides space for cycles.
There is a shared internal bin area to ground floor rear adjacent Unit 7.
The scheme is adjacent to Arnold Methodist Church with other occupiers in close proximity including Greggs, Costa Coffee and Nottingham Building Society.
The amp scheme provides 7 ground floor units including Cleos Coffee Shop, Post Office, General Foot Care, Cat Dog, Cleos Delicatessen and Taste First Wine Shop/Tasting.
Description
This scheme originally designed by Maber Associates has been undertaken by Gedling Borough Council and the main contractors gf Tomlinson with the internal fit out by Lindum.
The property provides high quality, energy efficient, space aimed at enterprising start-up businesses and independent occupiers.
There is a self-contained entrance off Hallam’s Lane with aluminium powder coated glazed entrance and double doors (Maglocks and Intercom access for each suite). This leads to the 5-person 400 kg Aritco lift and stairs to first floor lobby with informal meeting space with sofas.
There is a vestibule with secure door access (Maglocks and intercom for each suite) with accessible WC and additional WC off. There is access to shared Meeting room with board table and chairs.
There is a Kitchen/Break out area with table and chairs. There is a lobby and corridor serving the 4 office suites. At the far end a further accessible WC and WC plus shower room are provided.
The suites are carpeted, with suspended ceilings and LED lighting with mechanical ventilation, heating/cooling by air handling units with individual controls per suite. There is a Solis unit and part solar panel (pv) coverage to roof providing for more cost-effective electricity costs. There are ample floor boxes with sockets and data points to each suite.
Accommodation
Ff Unit 1 ; 57 sq m (614 sq ft) ; 3 spaces
ff Unit 2 ; let roadrunners despatch
ff Unit 3 ; 43 sq m (468 sq ft) ; 2 spaces
ff Unit 4 ; let breaking ground
Communal Space
Meeting Room ; 11.4 sq m (123 sq ft)
Kitchen/Break Out ; 15.0 sqm (162 sq ft)
Yard
Car Parking as above and shared 2 accessible spaces and 1 EV charging point space.
Leases
The premises are available to let by way of new internal repairing and insuring leases, plus service charge, contracted out of the 1954 Landlord & Tenant Act.
Rentals
Ff Unit 1 ; £7,200 pax (£600 pcm)
ff Unit 3 £5,200 pax (£433 pcm)
The rentals to be paid monthly on advance by Standing Order.
Furnishings
The communal kitchen and meeting area are partially fitted with appliances and furnished for communal use.
The office suites are unfurnished to give flexibility on layout and desking arrangements. The potential was for 4 desks on the smaller suite and up to 10 desks on the larger.
Service charge
There will be an additional service charge for the refuse, running, cleaning, maintenance and upkeep of the premises and communal areas. This would include electricity, water rates, lift servicing/maintenance, window cleaning, fire alarm testing/servicing, building insurance, cleaning communal areas and parking.
This is estimated at £11.00 sq ft and would be billed monthly or quarterly in advance with balancing charge/refund at the service charge year end.
This excludes Business Rates and any telecom/broadband/internet charges which each occupier is responsible for.
Rating assessments
The Business Rates will be assessed for each unit upon completion.
The first floor excluding Unit 4 is £25,750 rv based on 258 sq m at £99.75 sq m. For example Unit 4 was assessed at an rv of £8,100 for 82 sq m also on £99.75 sq m.
Based on the above, as a guide only Unit 1 would show an rv of £5,700 and Unit 3 an rv £4,300. Both units individually will be below the £12,000 rv threshold and should be free for qualifying occupiers. Interested parties should take their own advice in relation to the Rating situation.
Planning
The landlords are looking for a range of complementary professional office, design/creative and independent start-up businesses covering a wide range of uses under the E Classification which was introduced September 2020.
Interested parties can make further enquiries with the Local Planning Authority in respect of their proposed use and Gedling Borough Council Planning Department (telephone:
Neither New West Ltd nor the landlords offer any warranty in respect of the Planning Permissions, Building Regulations or Statutory Consents.
Legal fees
Each tenant to pay £400 plus VAT towards the landlords; legal costs incurred in the transaction.
VAT
We understand that the landlords will charge VAT in respect of the rental, insurance rental and service charge. The position regarding VAT is always reserved.
Interested parties are asked to take independent advice.
Commercial energy performance certificates
The first floor has been assessed as B35 to October 2034. Copies of the EPC Certificate and Recommendations Report are available upon request.
Money laundering policy
In accordance with Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful tenant.
This development of the former Market Place provides for a landmark two storey scheme in the heart of Arnold Town Centre. The property is close to the Hallam’s Lane/King George V 55 space Pay & Display car park. This is available Monday to Saturday 9am to 3pm with the first two hours free or £3 all day.
In addition, there is a secure gated parking area off Hallam’s Lane with parking spaces for the remaining first-floor suites and 2 shared accessible spaces and 1 shared EV charging point (Electricity usage re-charged to the suites). The yard also provides space for cycles.
There is a shared internal bin area to ground floor rear adjacent Unit 7.
The scheme is adjacent to Arnold Methodist Church with other occupiers in close proximity including Greggs, Costa Coffee and Nottingham Building Society.
The amp scheme provides 7 ground floor units including Cleos Coffee Shop, Post Office, General Foot Care, Cat Dog, Cleos Delicatessen and Taste First Wine Shop/Tasting.
Description
This scheme originally designed by Maber Associates has been undertaken by Gedling Borough Council and the main contractors gf Tomlinson with the internal fit out by Lindum.
The property provides high quality, energy efficient, space aimed at enterprising start-up businesses and independent occupiers.
There is a self-contained entrance off Hallam’s Lane with aluminium powder coated glazed entrance and double doors (Maglocks and Intercom access for each suite). This leads to the 5-person 400 kg Aritco lift and stairs to first floor lobby with informal meeting space with sofas.
There is a vestibule with secure door access (Maglocks and intercom for each suite) with accessible WC and additional WC off. There is access to shared Meeting room with board table and chairs.
There is a Kitchen/Break out area with table and chairs. There is a lobby and corridor serving the 4 office suites. At the far end a further accessible WC and WC plus shower room are provided.
The suites are carpeted, with suspended ceilings and LED lighting with mechanical ventilation, heating/cooling by air handling units with individual controls per suite. There is a Solis unit and part solar panel (pv) coverage to roof providing for more cost-effective electricity costs. There are ample floor boxes with sockets and data points to each suite.
Accommodation
Ff Unit 1 ; 57 sq m (614 sq ft) ; 3 spaces
ff Unit 2 ; let roadrunners despatch
ff Unit 3 ; 43 sq m (468 sq ft) ; 2 spaces
ff Unit 4 ; let breaking ground
Communal Space
Meeting Room ; 11.4 sq m (123 sq ft)
Kitchen/Break Out ; 15.0 sqm (162 sq ft)
Yard
Car Parking as above and shared 2 accessible spaces and 1 EV charging point space.
Leases
The premises are available to let by way of new internal repairing and insuring leases, plus service charge, contracted out of the 1954 Landlord & Tenant Act.
Rentals
Ff Unit 1 ; £7,200 pax (£600 pcm)
ff Unit 3 £5,200 pax (£433 pcm)
The rentals to be paid monthly on advance by Standing Order.
Furnishings
The communal kitchen and meeting area are partially fitted with appliances and furnished for communal use.
The office suites are unfurnished to give flexibility on layout and desking arrangements. The potential was for 4 desks on the smaller suite and up to 10 desks on the larger.
Service charge
There will be an additional service charge for the refuse, running, cleaning, maintenance and upkeep of the premises and communal areas. This would include electricity, water rates, lift servicing/maintenance, window cleaning, fire alarm testing/servicing, building insurance, cleaning communal areas and parking.
This is estimated at £11.00 sq ft and would be billed monthly or quarterly in advance with balancing charge/refund at the service charge year end.
This excludes Business Rates and any telecom/broadband/internet charges which each occupier is responsible for.
Rating assessments
The Business Rates will be assessed for each unit upon completion.
The first floor excluding Unit 4 is £25,750 rv based on 258 sq m at £99.75 sq m. For example Unit 4 was assessed at an rv of £8,100 for 82 sq m also on £99.75 sq m.
Based on the above, as a guide only Unit 1 would show an rv of £5,700 and Unit 3 an rv £4,300. Both units individually will be below the £12,000 rv threshold and should be free for qualifying occupiers. Interested parties should take their own advice in relation to the Rating situation.
Planning
The landlords are looking for a range of complementary professional office, design/creative and independent start-up businesses covering a wide range of uses under the E Classification which was introduced September 2020.
Interested parties can make further enquiries with the Local Planning Authority in respect of their proposed use and Gedling Borough Council Planning Department (telephone:
Neither New West Ltd nor the landlords offer any warranty in respect of the Planning Permissions, Building Regulations or Statutory Consents.
Legal fees
Each tenant to pay £400 plus VAT towards the landlords; legal costs incurred in the transaction.
VAT
We understand that the landlords will charge VAT in respect of the rental, insurance rental and service charge. The position regarding VAT is always reserved.
Interested parties are asked to take independent advice.
Commercial energy performance certificates
The first floor has been assessed as B35 to October 2034. Copies of the EPC Certificate and Recommendations Report are available upon request.
Money laundering policy
In accordance with Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful tenant.
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