The subject property is located in a highly prominent elevated position on Nuthall Road in the Cinderhill area of the city of Nottingham. Nuthall Road (A610) acts as a gateway to Nottingham city and has a number of highly prominent commercial occupiers. The nearby area also comprises of residential property.
A regular bus service and the NET tram station provide good public transport links to Nottingham city centre which is located only 3 miles to the south.
The upper part of the site is trading as a tyre sales and service station. The main service workshop fronts Nuthall Road and has a vacant flat above. There are various other storage / workshops to the upper section of the site. A café / convenience store is located below.
There is a prominent advertising hoarding included within the sale, currently rented by JC Decaux.
An unadopted private service road runs from Bells lane to the North of the property providing access to the upper level of the site. The service road is included within the title. Residential properties backing on to the service road have the right to park vehicles up to 4ft along on the road.
The site is ideally suited for re-development (STP) to form new residential units on the upper level with retail below.
Site Area 0.15 Hectares
Site Area 0.36 Acres
Approx. measurements from Promap
Site area does not include the service road.
We understand the property has mains gas, electricity, water and drainage.
The combined rental income of the retail unit and hoarding is approximately £12,000 per annum.
We expect planning consent for a residential or mixed use development scheme to be considered favourably by Nottingham City Council. Purchasers should satisfy themselves in respect of any planning permissions.
The premises have a current Rateable Value of £14,350.
Please contact John Pye Property – 0115 9706060
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
✓ Development opportunity (STP)
✓ Suitable for residential or mixed use development
✓ Trading retail unit to front of site
✓ Upper section of site to be sold with vacant possession
✓ Vacant three bedroom flat
✓ Service road to the rear
✓ Currently generating £12,000pa
Chris Roper, RICS
Phone: 0115 970 6060
Our Ref: PR266