2 Token House Yard
Nottingham NG1 2HG

The premises are situated within Nottingham Centre off the pedestrianised prime fashion pitch of Bridlesmith Gate. The subject premises are adjacent to Montana Marketing with other occupiers close by including L’Occitane, White Stuff, Aura Art, Ted Baker, Ecco and Flannels. The access is via a pedestrian route in between Café Nero and Jack Wills with a gated no through walkway and steps up to the front door. DESCRIPTION These premises were originally built in the mid- Victorian period for Smart & Brown, the well-known cabinet makers and furnishers. Since the 1940s up until 2009 the premises were occupied by The Electric Elements Company. The property was refurbished some years ago but has retained many character features fused with stylish contemporary fittings and modern amenities. The premises comprise a ground floor reception area with feature full height recessed glazed double entrance. There is an accessible toilet facility. Stairs leading to landing with first floor front and rear fitting rooms with toilet off landing. Main open plan showroom area with 3.8 m ceiling height with chandeliers. Partitioned modern kitchen, office and plant area to rear. Integrated fire alarm system and part underfloor electric heating and electric heat source pump heating to radiators (no gas). ACCOMMODATION GROUND FLOOR Ground floor two rooms – 35 sq m (377 sq ft) WC Facility FIRST FLOOR Main showroom plus two rooms, office and kitchen - 145 sq m (1,561 sq ft) TOTAL NET AREA 180 sq m (1,938 sq ft) LEASE The premises are available to let by way of a new contracted out Internal Repairing and Insuring lease for a term of years to be agreed. RENTAL £19,000 pax subject to annual agreed percentage increases and no open market rent reviews. RATING ASSESSMENT The premises are assessed as a whole property as “showroom and premises” in the 2017 List with a Rateable Value of £12,250. Proposed Rateable Value April 2023 £15,000. Interested parties are asked to take their own enquiries in respect of the Local Rating Authority Nottingham City Council or the Valuation Office Agency. PLANNING The last use under the old Use Classes Order was an A1 (retail) use as a wedding showroom (with License). This comes within Use Class E (1st September 2020) and this includes alternative Financial & Professional Services (under the old A2), Restaurants and Cafes (under the old A3), Offices (under the old Class B1(a) and, Research & Development (under the old Class B1(b)). The new Use Classes also includes Clinics, Health Centres, Creches, Day Nurseries, Day Centres, Gymnasiums or Indoor Sports and Recreation under Class E (having been formerly within Class D1 and D2). We understand that the premises are within the Conservation Area but are not Listed and the applicants should check if there are any restrictions applicable. Neither the landlords nor New West Ltd offer any warranty in respect of the Planning (existing or proposed) Fire or Building Regulations and interested parties must consult with the Local Planning Authority Nottingham City Council telephone: 0115 9155555. VAT We understand that VAT will be charged on the rental, insurance rental and any service charge if applicable. The position with regard to VAT is reserved at all times. LEGAL FEES In respect of a letting the incoming tenants to be responsible for the landlord’s legal costs incurred in the transaction together with any Stamp Duty or VAT thereon. COMMERCIAL ENERGY PERFORMANCE CERTIFICATE The premises are assessed as C62 on an EPC too 2032 and a copy of the Energy Performance Certificate and Recommendations Report can be made available upon request. BUILDINGS INSURANCE The landlords insure the buildings and will reclaim the annual insurance premium by way of additional rental. MONEY LAUNDERING POLICY In accordance with Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser/tenant.