savills.co.uk

■ Prime city centre location.

■ Flexible accommodation.

■ Development potential (subject to planning permission).

■ Site area 0.247 acres (0.100 hectares)

14 Hounds Gate, Nottingham, NG1 7BA

Development OpportunityNottingham

FOR SALE

NottinghamThe City of Nottingham lies at the heart of the UK and is regarded as the commercial and administrative hub of the East Midlands.

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 National headquarters based in the City. Nottingham is the home to Alliance Boots, Experian, E.ON UK, Imperial Tobacco Limited, Gala Group, Siemens, Speedo, Vision Express, Games Workshop, Capital One and Rolls Royce.

LocationLocated in the centre of the UK 125 miles north of London, Nottingham is served by three junctions of the M1 motorway (24 – 26). The City is directly linked to the Midland Mainline (London St Pancras 1 hour 45 minutes), East Midlands Airport provides direct flights to 90 international destinations and the City’s modern tram system carries an estimated 9.5 million passengers every year.

SituationThe property is centrally situated with extensive linear frontage on Hounds Gate, close to its junction with Lister Gate, forming part of a cluster of city centre offices predominantly located within the central retail core.

Neighbouring office occupiers include Notts Housing Advice, Severn Trent Services and ASEK Insurance. Whilst retail occupiers include Subway, Clarks, Vodaphone and M&S to name but a few.

EPC

DescriptionThe property comprises a prominent office building, formerly a mill house and later a hosiery factory, arranged over basement, ground and three upper levels of a traditional solid brick late Victorian construction with attractive dress stone detailing and multi pane timber sash windows, under a predominantly pitched slate covered roof.

There is gated security access directly off Hounds Gate through an arch leading into a central paved courtyard with predominantly three independent points of access to the side and rear sections of the building. In addition, there is a gated access to the basement parking level.

The building is serviced by three staircases and a lift, together with three principal

points of access off the central courtyard and a ground floor reception area.

The accommodation is configured to provide predominantly cellular offices around a central courtyard finished to a basic specification, including carpeted suspended timber floors, plastered and painted walls, suspended acoustic tile ceilings with recessed fluorescent lighting panels, gas fired hot water radiators, part perimeter trunking and part air handling units with WCs and kitchens to all floors but the basement.

The basement comprises the car parking area with seventeen marked car spaces. In addition, there is a small compound housing the water tank and there is a sprinkler system throughout. Access is via a ramp off Hounds Gate. The lift motor room and boiler room are located in the basement.

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproducedfrom the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100022432 Savills (L&P) Limited.

savills.co.uk

Important Notice

Savills, their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. 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.

SavillsEnfield Chambers18 Low PavementNottinghamNG1 7DG+44 (0) 115 934 8000nottingham@savills.com

Michael Donaghy+44 (0) 115 934 8030mdonaghy@savills.com

Victor Ktori+44 (0) 115 934 8171 vktori@savills.com

AccommodationThe property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and we understand that the property provides the following net internal areas:

In addition, there is a basement car park extending to 7,050 sq ft (655 sq m), comprising seventeen marked car spaces.

TenureThe property is offered freehold with vacant possession.

VATVAT will be charged at the prevailing rate.

PlanningWe understand that a planning consent exists for use as offices (Ref: 88/01069/PFUL3). Given the locational and physical characteristics of the property it is suitable for conversion to a variety of uses including residential and student accommodation (STPP). Early discussions with the Local Planning Authority, Nottingham City Council Planning Department (0115 915 5555) are recommended.

PriceOffers are invited in excess of £2,250,000 subject to contract.

We understand the property is held within an SPV and, therefore, there is a potential stamp duty saving to the purchaser.

ViewingStrictly by appointment only with the Sole Agent Savills.

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100022432 Savills (L&P) Limited.

Floor Use Sq Ft Sq M

Ground Offices 6,620 615

First Offices 8,083 751

Second Offices 7,589 705

Third Offices 7,911 735

Total Net Internal Area

30,203 2,806