5-7 St Peters Gate, Nottingham, NG1 2JF
£275,000+
Commercial
Key Features
- A rare opportunity to acquire a freehold three storey retail unit
- Located in the heart of Nottingham City Centre
- Scope for conversion of the upper floors to residential, subject to planning.
Part of the
23 April 2026
auction
Nottingham Racecourse
at
2.30PM
A rare opportunity to acquire a freehold three storey retail unit in the heart of Nottingham City Centre with scope for conversion of the upper floors to residential, subject to planning.
- A busy location in the heart of the city centre
- Adjacent to Flying Horse Walk, near Marks and Spencer
- Between Bridlesmith Gate and Albert Street
- Close to Nottinghams Old Market Square
- Tram and bus stops off South Parade
- A short walk from Fletcher Gate car park
- One of the principal retail areas of the city
- Comprising a three storey retail unit
- Ground floor sales approx 255 sq ft
- First floor stores approx 474 sq ft
- Second floor stores approx 504 sq ft
- Current Rent Reserved of £21,750 pa
- Potential conversion of uppers to residential (STP)
- Scope for 6 studio flats (STP)
- A rare opportunity in the city centre
- Suitable for investors, developers and owner occupiers
Contact Auction Estates on (0115) 7844600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
The property is offered For Sale on a freehold basis, subject to the existing lease. The property is let on a lease dated 14th March 2026 to Excel Jewellers Ltd for a term of one year at a rent of £21,750 pax
Refer to Legal Pack
Email: matthewmaiden@bannerjones.co.uk
Telephone: 01623 675805