Home > Auctions > 15 & 16 September 2026 15 September 2026 - 9:00am > Lot 202

15 & 16 September 2026: Tuesday 15 September 2026 - 9:00am
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    Key features

    • To be offered on Wednesday 16 September
    • Prominent Freehold mixed-use investment and development opportunity
    • Part let to established occupier Dixy Chicken on a lease expiring 2034 (1)
    • Planning permission granted for the conversion of the upper floors to provide 10 student studio apartments.
    • Further planning consent for the reconstruction of a former outbuilding to create an additional Class E commercial unit.
    • Located opposite a major PBSA development off c. 700 student beds
    • Investment let at £15,000 p.a.

    Description

    Freehold mixed-use investment and development opportunity comprising a ground floor fast food takeaway together with upper floors benefiting from planning permission for conversion into 10 student studio apartments.

    Additional information

    Tenure

    Freehold

    Accommodation

    Existing


    Ground Floor - 94.40 sq m (1,016 sq ft)

    First Floor - 91.50 sq m (984 sq ft)

    Second Floor - 74.27 sq m (799 sq ft)

    Total - 260.17 sq m (2,799 sq ft)


    Proposed (GIA)


    Ground Floor - 101.5 sq m (1,093 sq ft)

    First Floor - 114.9 sq m (1,237 sq ft)

    Second Floor - 114.9 sq m (1,237 sq ft)

    Outbuilding - 30.0 sq m (323 sq ft)

    Total - 361.3 sq m (3,889 sq ft)

    Tenancy

    Ground and Basement Let to Dixy Chicken on a lease for a term of 10 years from April 2024 originally granted following the surrender of a previous tenancy. The current passing rent is £15,600 per annum, with the tenant having traded from the premises since 2006. The lease is understood to be contracted outside the security of tenure provisions of the Landlord & Tenant Act 1954 and incorporates a rent review due in mid-2027 and a break option at the 5th anniversary (1).

    Planning

    Planning permission was granted by Nottingham City Council on 12 June 2026 (Ref: 24/01092/PFUL3) for the conversion of the upper floors to provide 10 student studio apartments together with a rear extension and the reconstruction of a former outbuilding to create an additional Class E commercial unit. Copies of the planning consent and associated plans are available for inspection within the legal pack.

    Rent

    £15,600 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        Local information

        The property occupies a prominent corner position fronting Alfreton Road (A610), one of Nottingham's main routes linking the city centre with the Nottingham Ring Road and Junction 26 of the M1 motorway. The surrounding area has experienced significant regeneration and investment in recent years, including major purpose-built student accommodation developments nearby. Nottingham city centre, Nottingham Trent University and the wider student population are all within easy reach, underpinning the property's appeal as a mixed-use investment and development opportunity.

        Transport

        Road: The property occupies a prominent position on Alfreton Road (A610), one of Nottingham's principal arterial routes providing direct access to Nottingham City Centre, the Nottingham Ring Road and Junction 26 of the M1 motorway.

        Rail: Nottingham Railway Station is located to the south-east of the property and provides regular services to London St Pancras, Birmingham, Leicester, Sheffield and other regional destinations.

        Tram: The nearest NET tram stops are located within Nottingham city centre, providing connections across the city and surrounding suburbs.

        Bus: Alfreton Road is a well-established public transport corridor benefitting from frequent local and regional bus services.

        Air: East Midlands Airport is situated approximately 15 miles south-west of Nottingham and provides a range of domestic and international flights.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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