High Street, Arnold, NG5 7DS

Location
The subject property is prominently located on High Street in central Arnold approximately 4 miles north of Nottingham city centre.

High Street forms a busy road through the spine of Arnold and links the location via Cross Street and Nottingham Road to Mansfield Road (A60).

The immediate location is a mix of commercial, residential and care homes, whilst being a short walk to Front Street which is Arnold's prime retailing pitch.

Surrounding commercial occupiers include a, ASDA Superstore with significant town centre car parking, an ASDA PFS and Wolseley Plumb Centre trade counter.

In addition, there is large modern doctors surgery and Arnold Leisure Centre.

Description
The property comprises two purpose built light industrial units of steel portal frame construction with full height brick elevations under a pitched roof.

Both units have full height roller shutter doors and the unit fronting High Street has a trade counter style entrance with glazing to the gable end.

Each unit is open span and Unit 1 has a first floor Mezzanine.

Externally, there are loading areas and circa 15 car parking spaces including disabled space.

Size (GIA)
Unit 1
Ground Floor: 279.04 sq m (3,004 sq ft)
Mezzanine / First Floor: 60.21 sq m (648 sq ft)
TOTAL 339.25 sq m (3,652 sq ft)

Unit 2
Ground Floor: 118.54 sq m (1,276 sq ft)
TOTAL 457.79 sq m (4,928 sq ft)

Tenure
The property is held Freehold under Title Number - NT201276.

Price
£700,000 Freehold
which reflects a net initial yield of 5.00% assuming purchaser's costs of 5.30%.

Covenant
The property is let in its entirety to:-

Halfords Autocentres Limited
(Company Number: 04050548)
Experian Credit Rating 75 - Below Average Risk

There are over 300 Halfords Autocentres in the UK, that serve over 750,000 customers with a wide range of vehicle repair and maintenance services (see brochure for their website link).

Their accounts ending 29th March 2024, reported a turnover of £329.3m and shareholders' funds of £12.4m.

Halfords Autocentres (company no: 04050548) is a trading subsiding of Halfords Group PLC, with a market capitalisation of £280.23m (as of 1 April 2025).

Planning
In 1986, Gedling Borough Council granted planning consent for the following:-

"Erect one light industrial unit and one tyre and exhaust centre (sale and fitting of tyres and exhausts) E (g) (i-iii), B2 and B8"

Interested parties should enquire with Gedling Borough Council to satisfy themselves of any planning quires.

EPC
The property has an EPC Rating of:-

Unit 1 - D - 83
Unit 2 - E - 118

And they are both Valid until June 2035.

VAT
VAT is not applicable to the purchase price.

Tenancy
The Subject Property is Let on the following terms:-

Tenant - Halfords Autocentres Limited
Lease Date - 21 December 2022 to 20 December 2027 (2 years, 2 months unexpired)
Repairs Full Repairing - No Schedule of Condition
Insurance - Tenant insures the property
Rent - £37,000 per annum £8.66 per sq ft - Excluding Mezzanine / First Floor

Investment Considerations
- Situated four miles north of Nottingham city centre in the market town of Arnold
- Roadside retail demand is a high for Arnold with known national occupiers unable to obtain a presence due to lack of supply of buildings and development sites
- Prominent roadside opportunity with nearby occupiers including ASDA and Wolseley Plumb Centre trade counter
- Purpose built industrial units for tyre and exhaust fitting, extending to 397.58 sqm (4,280 sq ft) plus Mezzanine / First Floor of 60.21 sq m (648 sq ft)
- Self-contained site with a glazed trade counter fronting High Street, and a well apportioned car park
- Fully let to Halfords Autocentres Limited - Experian Rating of 75 - Below Average Risk
- Five year Full Repairing and Insuring lease expiring 20 December 2027 (2 years 2 months unexpired)
- Rent passing of £37,000 per annum (£8.67 per sq ft) excluding the Mezzanine / First Floor

Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Viewings
Interested parties should not visit the premises without first speaking with the selling agents.