Retail premises to rent

118 High Road, Beeston NG9

Coming soon: Available due to the relocation of the existing tenant in to an adjoining unit - a retail unit of 122.8 sq. M (1,321 sq. Ft) available to let in the heart of Beeston town centre. The unit provides an open sales area with office / store, kitchen and WC facilities to the rear. The property is available to let by way of a new lease on Internal Repairing and Insuring terms.

The unit has a Class E planning use. Interested parties are invited to discuss their proposals with the managing agents for the property, CP Walker & Son.

Location

Beeston, located 3 miles southwest of Nottingham city centre, acts as a major district shopping centre with a significant catchment. It is considered one of the top three suburban trading centres in the Nottingham conurbation. The location of the town off the A52, the main Nottingham to Derby trunk road with access to the M1 Motorway at Junction 25, makes a convenient stop off for commuters coming ion and out of Nottingham.

Primary Catchment: The immediate town has a population of approximately 37,000¿65,000, drawing from surrounding residential areas, including Beeston Rylands, Chilwell, and Attenborough. The area has a high concentration of students (roughly 35,000 at the nearby University of Nottingham campus) and is a popular, affluent suburb for young professionals and families. The town centre attracts around 70,000 visitors per week.

Retail Strength: The Greater Nottingham Shopping Survey identified Beeston as the largest centre for the sale of comparison goods outside Nottingham City Centre and the most significant centre for main food trips in South Nottinghamshire. The Survey concluded that the success of the town centre was based on an attractive pedestrianised shopping environment and the abundance of parking facilities.

Position in the Centre: The property is situated in the centre of Beeston's shopping area, just off the pedestrianised area of the High Road, close to the junction of City Road, Regent Street and Derby Street all of which provide parking for shoppers.

Floor Plan

The Floor Plan shows the general arrangement of the property.

Sales Area

A large sized retail unit with the front open sales area measuring 20.6 m (67.7 ft.) depth and 5.2 m (17.2 ft.) width overall. There is the kitchen and WC facilities to the rear.

Rear Office / Store

To the rear of the retail area is an area that has been partitioned for use as an office or stores area. The kitchen and WC facilities are located off this area. There is rear access to a shared yard to the rear of 118-124 High Road that can be used for rear loading.

WC

WC and wash hand basin.

Kitchen

Kitchenette with sink.

Terms

The accommodation is available by way of new lease to be granted on internal repairing and insuring terms. Period of tenancy is by discussion for a minimum period of 3 years, thereafter renewable.

Rent

The retail unit is available for rent of £19,500 per annum payable at the rate of £1,625 per calendar month. There is no VAT payable on the rent.

Rates And Buildings Insurance

The Rates Payable for 26/27 are estimated at £7,452 (The Rateable Value figures is £17,250). The tenant is also liable to pay a fair proportion of the buildings insurance premium attributable to the property, estimated at £1,036 per annum.

Application Process

Interested parties will need to complete a Commercial Property Application Form obtained from our office. References will be taken. New businesses will need to provide a business plan for the proposed venture. Upon approval of references and agreement of lease terms, the incoming tenant will pay a fee of £500 plus VAT as a contribution towards the costs of drawing up the tenancy agreement.

Further Information And Viewings

For more information to to view the property, contact Tarn Yung in our Commercial Property Department by phone on his Direct Line at or by email at . Viewing is by appointment.

EPC Rating

The EPC Rating is tbc.