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10 Vivian Avenue, Sherwood, Nottingham, NG5 1AF

For sale: £2,150,000.00|16,326 Sq Ft|Office, Flat, Residential Land, Leisure Property, Hotels, Land, Offices, Residential, Licensed & Leisure, Commercial Land

Property details

FOR SALE£2,150,000.00
SIZE16,326 Sq Ft
ADDRESS10 Vivian Avenue, Sherwood, Nottingham, NG5 1AF
TYPEOffice, Flat, Residential Land, Leisure Property, Hotels, Land, Offices, Residential, Licensed & Leisure, Commercial Land
TENUREFor Sale Freehold
POSTED ON29th February 2024

Description

LOCATION
The premises is situated approximately 1.5 miles (2.4 km) north of Nottingham city centre and is well served by public transport links being walking distance from the Forest Park and Ride Tram facility, as well as a number of local bus routes. Junction 26 of the M1 motorway is approximately 4 miles (6.4 km) away.

DESCRIPTION
The property comprises a four storey purpose-built detached office building set within a secure self-contained site. The property is of concrete and metal framed construction with concrete floors. The elevations are overclad with modern cladding creating an impressive external presentation of the building.

Internally the property is laid out to provide a mix of open plan and cellular office accommodation together with welfare facilities, staff canteen and ancillary storage. Almost all of the partitioning is demountable to each floor, which means the floor plates can be made open plan with relative ease. There is a lower ground floor providing staff training rooms. By way of general overview, the building is modern and well presented.

The property has the benefit of a passenger lift and three phase power. Externally the property has the benefit of a secure gated private car park with provision to park up to 30 cars.

ACCOMMODATION
The property has been measured and referenced on a net internal basis. The measurements are for guidance purposes only, and interested parties are advised to carry out their own due diligence in respect of internal measurements.

There are a total of 30 parking spaces within the secure site, this is a good parking ratio of 1 : 544 sq ft. Interested parties are advised that the property falls within the Workplace Parking Levy (WPL). Further information is available upon request. The total site area is 0.433 acres (0.175 ha).

SPECIFICATION
• Demountable partitioning throughout, capable of being made open plan
• Concrete and metal framed construction with concrete floors
• Private gated entrance off Vivan Avenue
• Visible from Nottingham Road, Pelham Road and Vivian Avenue
• Air conditioned
• Suspended ceilings with modern LED lighting
• Passenger lift
• Good quality finishes throughout
• Double glazed windows
• Fully tiled WCs
• Staff canteen
• Combination of raised access floors and permitter trunking
• EPC ‘C’ 79
• 30 dedicated parking spaces, parking ratio of 1 : 544 sq ft.

SERVICES
We understand that mains water, gas, electric and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective purchasers must rely on their own investigations as to their existence and condition.

BUSINESS RATES
From enquiries undertaken from the Valuation Office Agency website we understand the following:

Rating Authority- Nottingham City Council
Rateable Value- £126,000
Guide Rates Payable- £64,512

This information is given for guidance purposes only and interested parties are advised to make their own enquiries of the Nottingham City Council (Business Rates Department).

TENURE
The freehold interest is available, with vacant possession.

PRICE
Offers over £2.15m (VAT not applicable).

PLANNING
The following information is provided for guidance purposes only. The property falls under Use Class E – Commercial, Business and Service. Recent changes to the regulations, under Permitted Development Rights (PDR) allow office buildings to convert to residential without the need to apply for planning permission, as long as all works are internal. Interested parties, are advised to contact the planning department of Nottingham City Council (0115 915 5555) to discuss their proposed use and intended business activities.

The property lies within the Sherwood Rise Conservation Area.

EPC
The property has an EPC rating of ‘C’ 79 – which is valid until 11th September 2026. A copy of the EPC is available upon request.

VAT
All figures are quoted exclusive of VAT.

LEGAL COSTS
Each party to bear their own legal and professional fees incurred in this transaction.

Location

marker
Location: 10 Vivian Avenue, Sherwood, Nottingham, NG5 1AF

Nottingham (1.7 miles)

Bulwell (2.5 miles)

Carlton (3.3 miles)

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