Description
The subject property comprises a two-storey, self contained office unit positioned within Edison Village, a modern campus-style development of 11 self contained office buildings off University Boulevard.
The accommodation provides good quality office space with dedicated car parking, together with access to additional shared parking across the wider site. The surrounding area is a well-established commercial and educational hub, situated close to the University of Nottingham and the Queen's Medical Centre.

The property is currently let and producing £16,000 per annum. The lease commenced on the 13th July 2022 and expires on 12th July 2027.

We understand that the tenant will renew their lease from 13th July 2027 at a rent of £19,500 per annum. The renewal will be for a term of 10 years, with tenant break options at years 5 and 7.5.

LOCATION
The subject property is situated within Edison Village off University Boulevard, positioned close to the University of Nottingham's main campus and the Queen's Medical Centre.

University Boulevard provides direct access to a range of local amenities and established commercial, educational and research facilities. The surrounding area comprises a mix of modern office, laboratory and innovation-led uses, with residential neighbourhoods also located nearby.

The property is well served by public transport, with tram stops along the Nottingham Express Transit (NET) line located within a short walking distance, providing regular services to Nottingham city centre and surrounding districts. Several bus routes also operate along University Boulevard.

The site benefits from strong road connections, with the A52 (Clifton Boulevard) situated close by, linking to Nottingham city centre and the wider county. Junctions 24 and 25 of the M1 Motorway lie a short drive to the south-west, offering access to the regional and national road network.

PRICE
£200,000 (Two Hundred and Ten Thousand Pounds)

BUSINESS RATES
Rateable Value: £12,250

INCOME
The premises are let by way of a 5-year lease which commenced on 13th July 2022 at a rent of £16,000 per annum.

It has been agreed that the tenant will renew their lease from 13th July 2027 at a rent of £19,500 per annum. The renewal will be for a term of 10 years, with tenant break options at years 5 and 7.5.

TENURE
The Long Leasehold Interest is from 13 June 1989 to 3 July 2113 at a peppercorn rent Subject to the occupational tenancy.

SERVICE CHARGE
A service charge is payable for the maintenance and security of the site at £165 per calendar month.

EPC (ENERGY PERFORMANCE CERTIFICATES)
A copy of the existing building's Energy Performance Certificate can be obtained from the Agents

SERVICES
We understand that electricity and water are connected to the premises however we recommend that interested parties contact the relevant service providers to confirm this.

VAT
Prices are quoted exclusive of Value Added Tax (VAT).

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction.

VIEWING
Strictly by prior appointment with the Sole Agents Musson Liggins Ltd.