Property Details

Office
Floor 4, 37 Park Row, Nottingham. NG1 6GR
Rent: £106,096 per annum (total size: 569 sq m)

  • Photograph of Nottingham. Floor 4, 37 Park Row.
  • Photograph of Nottingham. Floor 4, 37 Park Row.
Summary:

TO LET

Superb Grade A Offices with five secure car spaces. Ideal plug & play – minimal moving in costs.

Full Description:

LOCATION

37 Park Row is within the Cumberland Place complex constructed by Wilson Bowden Developments Ltd in 2002 and is fully occupied by Freeth Cartwright, RBS, OFSTED and Nottingham Trent University.  Cumberland Place is situated in the heart of Nottingham’s business quarter adjacent to Maid Marian Way (the inner ring road) with the main shopping area, Nottingham railway station and tram stop all within easy walking distance of the property.  In addition to onsite car parking there are two multi-storey car parks adjacent to the property.

DESCRIPTION
 

37 Park Row (Building A Cumberland Place) is a substantial Grade A office building which is held on a head-lease by Nottingham Trent University.   Floor 4 is held on an under-lease by Freeth Cartwright and this accommodation is now surplus to requirements.
The offices are currently fitted out to a high standard incorporating 42 work stations, two offices and a print room.   The entire accommodation has structured cabling and allows a tenant to occupy at short notice and at minimal cost.

Specification
Suspended ceilings with Cat II lighting
Comfort cooling
Carpeting
Access by two lifts  
Raised floor
5 secure car spaces
24/7 security/full access control
Substantial WC accommodation

The substantial fit-out undertaken by the current occupier is available at a minimal cost including Structured cabling and Four partitioned offices
In addition the current desking units are available at a fraction of their cost as new.  Alternatively the premises can be cleared to an open-plan basis

Accommodation
Net internal area: 6,129 ft² (569 m2)

The Lease
The floor is held on a lease expiring the 27th August 2019 on an effective fully repairing and insuring basis.   Rent reviews are due on the 2nd June 2009 (outstanding) and 2014. NTU can exercise a break on the 2nd June 2014
The lease is contracted outside the Landlord and Tenant Act.

Car Parking
There are five secure spaces in the underground car park.


RENT    

Current rent - £106,096 per annum  (June 2009 review is outstanding)


RATES  

The premises are currently not separately assessed, but the estimated Rateable Value is £62,200 RV under the 2005 Valuation List. (The estimate has been obtained from www.voa.gov.uk)


TERMS OF DISPOSAL 

The premises are available by way of an assignment or sublease on terms to be agreed.   A shorter sublease may be considered. A schedule of what is included in the fit-out is available on request.


LEGAL COSTS

Each party to bear their own costs.
 

VIEWING   

Strictly by appointment with:
Geo Hallam & Sons. 24 Regent Street, Nottingham. NG1 5BQ
Tel: 0115 958 0301     Fax: 0115 950 3108
Contact: Roger Davis   E-mail: roger.davis@geohallam.co.uk
 

Downloads

Geo Hallam & Sons for themselves and for the Vendors or lessors of this property whose agents they are give notice that:
1) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract.
2) All descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to correctness of each of them.
3) No person in the employment of Geo Hallam & Sons has any authority to give any representation or warranty whatsoever in relation to this property.