The property comprises the former Queens Hotel, being of a brick construction arranged over lower basement, basement, ground and two upper levels having rendered elevations with the benefit of multipaned timber sash windows to all sides.
It is typical of a mid to late 19th century construction incorporating some attractive architectural detailing in the form of window casements, pediments, bay windows, dress stone quoins and attractive broken pediment and pilaster door casement comprising the main entrance.
The property is currently undergoing comprehensive refurbishment to provide attractive office accommodation and benefits from 26 onsite car parking spaces.
Location
Nottingham is ideally located in the heart of England with excellent transport links, rapid access to the motorway system, a major railway station and a comprehensive public transport network. The city lies approximately 128 miles (206 km) north of London, 51 miles (82 km) north east of Birmingham and 73 miles (118 km) south of Leeds. Road communications are excellent with the M1 providing routes to the north and south and the A50 giving a direct link to Derby and the west. The train station located to the south of the city centre provides direct trains to London St Pancras International Train Station taking approximately 1 hour and 41 minutes.
Nottingham has a population of approximately 305,680 (2011 Census), with an average of over 62,000 full time students studying across two universities. The local economy employs more that 300,000 people, and is growing at a faster rate than regionally or nationally. It is also one of the UK’s top ten retail centres and one of only six designated Science Cities within the UK.
Accommodation
Lower Ground Floor - 1,798 sq ft
Ground Floor - 2,218 sq ft
1st Floor - 1,517 sq ft
2nd Floor - 1,453 sq ft
Total - 6,986 sq ft
Terms
The property is available on new full repairing and insuring lease terms either as a whole or as individual floors.
Tenure
The property is freehold and the rear car park is held on a 99 year lease with effect from 24 June 1977 from Nottingham City Council at a peppercorn rent.
Rateable Value
We have been advised that the Rateable Value for the property is as follows:
Rateable Value 2018/2019 - £16,000
Rates Payable 2018/2019 - £7,680
Rent
£17.50 per sq ft pax.
Price
£1,500,000.
VAT
The position with regards to VAT is reserved at all times and interested parties are advised to see independent advice in relation to this matter.
Legal Costs
Each party to be responsible for their own legal costs involved in this transaction.
Specification
- Prominent location directly opposite Nottingham Train Station.
- Fully refurbished to high specification.
- 26 car parking spaces available.
- Available as a whole or in part.