Available Size - 1,771 sq ft Rent - £18,000 per annum year 1, then £1k increases per annum to £22k Rateable Value - £14,500 Service Charge - £5,607.80 will apply for the upkeep of common parts and building insurance VAT - VAT will apply to the rent and additional charges Legal Fees - Each party to bear their own costs EPC Rating - C (51) The offices are accessed via the side door which leads to the internal shared staircase. The office suite is self-contained apart from the shared w/c facilities. With a total of 1738 sq ft, in an L-Shaped open plan office, with open kitchen and separate board/meeting room. There is a small storeroom, with a shower cubicle. Location Well positioned in the City Centre close to the Market Square, High Pavement has good pedestrian access being within walking distance to the main bus station and approximately a 5-minute walk from Nottingham Train station. Accommodation Occupying the first-floor rear space within a 3-storey mixed use building, with bar on the ground floor front, additional office users on the second floor and a beauty treatment room on the 1st floor front. The building is brick built under a pitched tile covered roof. Term Offered to let on a new 5-year lease minimum term - on a fully repairing and insuring basis. The initial passing rent is £18,000 + VAT per annum plus service charges and landlord’s insurance. Rent will increase to £22k over the 5-year term at £1k pr annum increments. A 3 month deposit will be required and rent is paid quarterly in advance. Parking City Centre parking only, season tickets are available at most of the main car parks in the City Centre.
Specifications
Lease length
5 years
Total annual occupancy cost
Estimate only — confirm exact figures with the agent.
Rent
£18,000
Total per year
£18,000
≈ £1,500 / month≈ £10.16 / sq ft / year
Agent hasn’t listed rates or service charge — ask them below.
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P&F Commercial
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