Summary - 70b Front Street,Arnold,NOTTINGHAM,NG5 7EJ NG5 7EJ
1 bed 1 bath Retail Property (high street)
Prominent high-street retail unit with storage — cash-ready investment or refurbishment project.
Glazed retail frontage on Front Street, prominent high-street position
Approximately 901 sq ft with additional first-floor storage
W/C and shower facilities plus rear access and shared yard
Passing rent £16,000 pa; five-yearly rent review pattern
Only 8 years remaining on the lease — lending may be refused
Located in a deprived area with higher local crime rates
Rateable value £12,250; car parking via Gedling permit
Mains services connected; likely needs refurbishment for some uses
Set on a prominent pitch on Front Street, Arnold, this mid-terraced retail unit offers c.901 sq ft of ground-floor trading space with additional first-floor storage. The glazed frontage and location among established national and independent occupiers give clear footfall potential for an active retailer or converted use subject to consent.
The premises are currently let on an FRI lease (commenced June 2018) at a passing rent of £16,000 pa with five-yearly rent reviews. Practical features include rear access, shared yard, on-site W/C and shower facilities, and mains services connected. Car parking is available by permit from Gedling Borough Council.
Important purchaser considerations: only eight years remain on the lease, which is likely to restrict mortgage lending and reduce the pool of buyers. The property sits in an area assessed as deprived with higher-than-average local crime rates, factors that will affect both occupational demand and valuation risk.
This is a clear investment/refurbishment opportunity for a cash buyer or a purchaser able to extend the lease or restructure tenancy terms. Planning consent exists for the current retail use; any change of use or major refurbishment should be checked with the local authority in advance.
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