Commercial property for sale in Nottingham

Description Castle Cavendish Works comprises of a refurbished Victorian former industrial property, constructed in 1898 and being substantially refurbished in 2006 and currently provides an operational business centre with serviced office areas developed for occupancy by small and medium sized business.  The design and style of the property as an original factory as such that has been able to be converted floor by floor to provide reception, offices, service and amenity areas with appropriate on site car park.  Location The subject building is situated with its principal frontage to Dorking Road, which is part of the Freehold Interest and which is a cul de sac providing delineated car parking spaces. Dorking Road is off Norton Street, a short distance from Radford Boulevard, the A6130 to the east and from Alfreton Road, the A610 to the west.  The location is close to more modern developments including the Castle Retail Park a short distance to the east and industrial estates around Hartley Road, Bentinck Road and Alfreton Road.  The location is in close proximity to the Nottingham Outer Ring Road system, the A6514, and the A610 Alfreton Road provides a direct connection to junction 26 of the M1 Motorway at Nuthall approximately 3 miles distant to the north.  Business Rates Budget figures are available from the Agents.   For further information on Rates Payable and Small Business Rates Relief contact Nottingham City Council.  Planning  We understand that the premises are currently utilised as a business centre and may be suitable for alternative uses/redevelopment, subject to planning.  Terms The premises are available to purchase as an income producing investment.  Price Unconditional offers are invited for the Freehold intrest in excess of £1,500,000 (One Million Five Hundred Thousand Pounds)u  Existing Tenancies The premises comprise of a high quality, income producing established business centre with a current annual income of £162,756 and the potential to increase to in excess of £200,000 when fully let.  A full breakdown of the Tenancies are available from the Agent.  EPC (Energy Performance Certificates)  A copy of the existing building's Energy Performance Certificate can be obtained from the Agents. Services We understand that mains electricity, gas, water and drainage are connected to the premises.   However, we recommend that interested parties contact the relevant service providers to confirm this.  VAT Prices are quoted exclusive of Value Added Tax (VAT).  Legal Costs Each party will be responsible for their own legal costs incurred in this transaction.  Viewing  Please note that this is a confidential disposal and any viewings are strictly by prior appointment only with the Sole Agents Musson Liggins Ltd.

Commercial property for sale in Nottingham, England

Commercial property for sale

Description

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