Market Street, Bingham, Nottingham

Commercial Property for rent in Nottingham

A ground floor retail unit with Class E use to include retail, offices, professional services, recreation/fitness and a variety of flexible uses. The property occupies a prime location within the Town Centre area, close to public car parks and local amenities.

The gross internal floor area is 58.8 sq.m (633 sq.ft) approximately in addition to which there is kitchen/utility and toilet facility. The building provides good open plan space with a lofty ceiling. There is a security shutter to the frontage and display window with also a security alarm system.

A ground floor retail unit with Class E use to include retail, offices, professional services, recreation/fitness and a variety of flexible uses. The property occupies a prime location within the Town Centre area, close to public car parks and local amenities.

The gross internal floor area is 58.8 sq.m (633 sq.ft) approximately in addition to which there is a kitchen/utility and toilet facility. The building provides good open plan space with a lofty ceiling. There is an external security shutter to the frontage and display window with also a security alarm system.

LOCATION:
Market Street has a high footfall and passing traffic within the Town Centre area. Bingham has an excellent range of national and regional occupiers including Sainsbury's Local, Co-op store, Boots, a range of hairdressers and beauty salons, Bingham Post Office, Yeung-Sing Restaurant and Hotel, various coffee shops, bars and cafes.

Bingham occupies a strategic location just off the A46 and A52 being two main arterial routes providing access to Nottingham, Leicester, Grantham, Newark and Lincoln. The A1 and M1 are also within easy reach. The town has become even more accessible and continues to expand with significant new house building creating further demand for the towns amenities.

There is a rail service to Nottingham and Grantham with further connections to the East Coast mainline and London King's Cross. There are also regular bus services. East Midlands Airport is approximately 22 miles distant.

The market town of Bingham has a population of 10,080 (2021 UK Census) and a significant catchment area extending to Radcliffe on Trent, East Bridgford, Lowdham and the Vale of Belvoir villages. The following accommodation is provided:

Retail Unit - 41'8 (frontage) x 14'4 (depth) plus 15' x 3' approximately

Display window, entrance door, LED lighting, high level power points. Electric panel heater and cupboard under the stairs. Rear entrance door.

Kitchen/Utility - 2.69m x 1.68m (8'10 x 5'6) - Stainless steel sink unit, working surfaces, power points, electric panel heater.

Outside Area (Shared) - Passageway and secure door.

Separate Wc - With low suite WC, basin and hot water heater. Electric fan heater.

Lease Terms - Term: six years subject to rent review on the third anniversary of the lease.
Rent Payments: Monthly in advance
Rent Deposit: Three months rent.
Insurance Rent: 50% of the insurance premium of the building to include first floor in separate occupation.
Tenant's repair liability: Landlord responsible for structural repairs to the main walls, party walls, first floor and roof structure. Tenant responsible for internal repairs and decoration, annual servicing of the shutter and alarm system (contractor's to be approved) and 50% of the cost of cleaning gutters and drains.
Tenant's Insurance Liability: Tenant to insure plate glass windows.

Restrictions - The lease restricts the following:

* Sale or supply of food
* Sale of alcoholic drinks
* Use as a supermarket
* Use as a convenience food store
* Use as a freezer centre
* Use as a funeral parlour or undertakers

Exclusion - The lease shall be excluded from the Landlord & Tenant Act 1954.

Vat - The property is not elected for VAT.

Electrical Safety Certificate - A certificate dated 2025 is available.

Telephone/Broadband - A standard Open Reach master socket is available but no longer connected.

Health & Safety - A handbook will be prepared with respect to managing fire risk, security policies and procedures.

Services - Mains water, drainage and electricity are connected to the property. Depending on usage a separate private arrangement for water charges or Landlord's meter will be installed.

Viewing - Strictly by appointment with the letting agents.

Property Ref: 59503_33932094

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