Reference No: A11293/B4218
Description:

RETAIL UNIT TO LET
Address:
130 FRONT STREET, ARNOLD, NOTTINGHAM
Location:
NOTTINGHAM
Property Status:
Leasehold
Rental Guide IRO:
£17,000 pa
No. of Bedrooms:
To Let
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More Information

An excellent opportunity to establish business in a modern lock-up retail unit amost opposite ASDA at the heart of this vibrant suburban shopping centre.

LEASE: The unit is available on lease for a term to be agreed to incorporate 3 year rent reviews at a RENT in the region of £17,000pa each, exclusive of rates on a full repairing and insuring basis.

COSTS: SEE THIS IS IMPORTANT (below)

THE ACCOMMODATION COMPRISES - GROUND FLOOR

SHOP: Approx 14'4" x max 31'5"

STORE: Approx 8'10" x 3'3"

REAR LOADING: With access to communal parking.

FIRST FLOOR

STORE: Approx 14'9" x av 28'7"

Separate WC: With low level WC and cantilevered wash basin

KITCHEN: Approx 7'9" x 10'7"

NB: The measurements above are for indication purposes only - they are not to be regarded as accurate - they relate to No. 128 Front Street a similar unit.


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Arrange a Viewing email: info@austin-blowers.com or telephone: 0115 9539901

THIS IS IMPORTANT

VIEWING

All viewing arrangements are to be made through Austin Blowers unless otherwise stated and where a business is being sold it is to be conducted on a confidential basis. Any infringement of this procedure could result in action in the event of damage to the business being caused by knowledge of the sale being made known to staff or any other third party. Austin Blowers do not accept any loss or expense incurred in viewings. Interested parties should check on availability prior to viewing

FINANCIAL SERVICES

>Austin Blowers will be pleased to make introductions for raising finance for the purchase of a business and all other property. Remember your home/property is at risk if you fail to keep up payments on a mortgage or any other loan secured on it.

FREEHOLD

In instances when we are selling a business conducted from leasehold property and the freehold or long leasehold interest is available for purchase, the purchaser of the business should note that all negotiations for the purchase of the freehold or long leasehold interest are to be conducted by and through Austin Blowers and that the purchaser will be liable to pay Austin Blowers a commission at the rate of 2% + VAT of the purchase price for this service, payable upon exchange of contracts.

LANDLORD AND TENANT ACT 1954

Most leases coming to the end of their term are renewed without difficulty. If you need to known how this important legislation is likely to affect you as a tenant, please ask for a copy of our Business Investment Guide. Whilst you will find this helpful, you should, nevertheless, seek professional advice from your solicitor.

FIXTURES & FITTINGS, PLANT EQUIPMENT & CONDITION OF PROPERTIES

A detailed schedule of items to be included in the sale will be provided prior to exchange of contracts. Prospective purchasers will be advised direct by the vendor of any items to be retained and those that may be subject to Hire purchase /Lease /Lease purchase or other similar charge.

Prospective purchasers should satisfy themselves as to the safety and serviceability of any item, its age and compliance with any statutory or similar regulation.

Austin Blowers, nor anyone in its employ, are competent to comment on and give no warranty and accept no liability as to the condition, serviceability, or suitability for use of any item of plant or equipment or fixtures and fittings and purchasers are advised to satisfy themselves. Furthermore Austin Blowers do not give any warranty as to the structural condition of the properties offered and purchasers should satisfy themselves on this point.

PLANNING & STATUTORY CONSENTS

Prospective purchasers or tenants should make their own

enquiries of the Local Planning Department and satisfy themselves at their own expense as to the use they intend to implement. It should not be assumed that the property has all the necessary planning, building regulations or other statutory consents.

COSTS

In the instance of an assignment of a lease /tenancy agreement /licence, the purchaser will be responsible for ALL (i.e. both vendors and purchasers) legal and related costs involved in the assignment. Where a new lease /tenancy agreement /licence is to be prepared, the purchaser will be responsible for all legal costs in the preparation of the lease/tenancy agreement /licence and any subsequent leases /tenancy agreements /licence and any stamp duty thereon. COSTS RUN FROM THE TIME SOLICITORS ARE INSTRUCTED BY US.

AVOID DISAPPOINTMENT

If you are interested in this property /business, it is important that you should contact Austin Blowers first, before your own solicitors are instructed or you issue instructions for the sale of your own business or property. It is always possible that we may have already secured a purchaser. Austin Blowers will not be liable for any costs/expenses incurred in the negotiating process.

VALUE ADDED TAX

It is now possible that on certain property /business transactions VAT may be payable. Properties and businesses are offered on the basis that the prospective purchaser or tenant, as the case may be, may be liable and they should, therefore, seek independent advice from their accountants or solicitors.

All prices quoted do not include VAT unless otherwise stated.

BUSINESSES

Businesses are like living organs. They are changing and evolving in one way or another all the time- The information given in these particulars reflects the nature of the business at the time we received our instruction to sell.

By the time you make an inspection it could be that some of the changes referred to have taken place. If that appears to be the case let us know and we will be pleased to determine the prevailing circumstances.

NB

1. The condition of heating systems, all other mains services their connections and appliances is not known and have not been tested by us. Inquiries should be made direct with the owner where possible or through professional advisors as to their age condition and serviceability.

2. Descriptions given are subjective. They should not be taken as statements of fact.

3. It should not be assumed that contents displayed in photographs are to be included in the sale.

4. Areas and measurements provided are given as a guide only -they are not precise. If such information is crucial to a purchaser they should satisfy themselves on such information.

FINANCE

To comply with current legislation, we are under an obligation to check as far as possible the financial status of prospective purchasers to enable our client to make considered decisions. Confirmation of availability of funds to purchase should be provided to us by your solicitor/bank/building society.