FOR SALE OFFICE INVESTMENT

16 COMMERCE SQUARE The , , NG1 1HS

Key Highlights • Unrivalled City Centre Lace Market location • Suitable for a variety of uses, subject to planning permission • Rare self-contained office building • Current income £26,250 per annum • Architect designed co-working space exclusive

SAVILLS NOTTINGHAM Enfield Chambers, 18 Low Pavement NG1 7DG +44 (0) 115 934 8000 savills.co.uk Location The City of Nottingham lies at the heart of the UK and is regarded as the commercial and administrative hub of the . With an economy worth an estimated £12.1 billion, Nottingham is served by a substantial diversified workforce, with over 15 million people living within a 50 mile radius of the centre, covering an extensive area running south towards Loughborough and west towards Derby. Mansfield is to the north and Newark on Trent and Grantham to the north east and east. The City attracts a number of international corporations with over 50 Regional and St Mary’s Church National headquarters based in the City. Nottingham is the home to Alliance Boots, Experian, E.ON UK, Paul Smith, Gala Group, Siemens, Speedo, Vision Express, Games Workshop and Capital One. The City is directly linked to the Midland Mainline (London St Pancras 1 hour 45 minutes), Nottingham provides direct flights to 90 international destinations and the City’s modern tram system carries an estimated 9.5 million passengers every year.

Situation The property occupies an extremely central location within , situated on the pedestrianized Commerce Square, accessed off being directly opposite the Grade I Listed St Mary’s Church and benefits from being within the attractive Lace Market district. National Justice Museum The immediate area predominantly categorized by a mixture of attractive residential and commercial properties within the popular Lace Market district having undergone significant gentrification and now providing an eclectic mix of boutique retailers, restaurants and bars, being particularly popular with SME’s in the creative sector. The property is well located within a 10 minute walk from the main Market Square and the City Centre’s principal retail, leisure and tourist facilities. Nearby occupiers include Keens Head Castle Rock, National Justice Museum, Lace Market Hotel Cock & Hoop, Pitch & Piano and the internationally acclaimed , to name but a few. Nottingham Contemporary

SAVILLS NOTTINGHAM Enfield Chambers, 18 Low Pavement NG1 7DG +44 (0) 115 934 8000 savills.co.uk Description Accommodation The property comprises a late 19th century mid terraced The property has the following approximate net internal building of a traditional brick construction beneath a floor areas: pitched slated roof and arranged over four storeys. Internally, it is configured to provide attractive office FLOOR SQ FT SQ M accommodation predominantly arranged over ground Ground 797 74.04 and three upper levels together with ancillary welfare facilities at ground and first floor levels. First 684 63.49

More specifically, it has been fitted out to a high Second 580 53.91 specification by the tenant to provide attractive co- working space. Third 338 31.42 TOTAL 2,399 222.86 The above is for guidance purposes only.

SAVILLS NOTTINGHAM Enfield Chambers, 18 Low Pavement NG1 7DG +44 (0) 115 934 8000 savills.co.uk Rateable Value Occupational Lease We are advised that the property has been assessed as The property is subject to a lease dated 21 March 2019 to follows: Work Social Limited for a term expiring 20 March 2024 at a rental of £26,250 per annum and otherwise on a full Rateable Value £15,750 repairing and insuring basis.

Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Rates PayableLicence 2020/2021 number 100022432 £7,859.25 Licence number 100022432 Plotted Scale - 1:500. Paper Size - A4 Legal CostsPlotted Scale - 1:5000. Paper Size - A4 Each party are advised to bear their own legal costs in VAT connection with the transaction. VAT will not be applicable to the sale. Anti-Money Laundering (AML) Price Any offer accepted is subject to completing AML checks Offers in excess of £325,000. Viewing and Further Information Tenure Strictly by appointment only with the Sole Agent, Savills. Freehold.

Contact Victor Ktori Christine Thorn +44 (0) 7870 999 467 +44 (0) 115 934 8152 [email protected] [email protected]

IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | June 2020