64 - 66 St James Street, 64-66 St. James's Street

Nottingham, NG1 6FJ

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Under Offer
Property Type Office
Tenure For Sale
Size 6,362 sq ft
Business Rates £23,079 per annum
Service Charge n/a
Energy Performance Rating This property has been set as EPC exempt.
Reason: Listed building

Prestigious self-contained city centre offices inc. large car park. Development/conversion potential STP

Key Points

  • Self-contained offices
  • Development/conversion potential STP
  • Heart of city centre location
  • Large secure car park
  • Well maintained with basement storage
  • Walking distance of all public transport amenities

Description

64-66 St James Street comprises a prestigious self-contained office building.

64 St James Street was originally built as a residential property for the High Sheriff in c.1775, later converted in to offices and now Grade 2* Listed. It is 3 storey red brick beneath a slate roof with timber windows.

Internally, the property has been maintained to a very high standard with a number of standout features. The accommodation is arranged to provide offices at each floor. The ground floor includes reception and large board room. There are kitchen and w/c’s across the floors.

64 St James Street links directly through to 66 which continues to provide offices at each floor, along with meeting rooms, kitchen and w/c’s.

Beneath each property are functional basement areas.

To the rear of the property is a small walled courtyard garden area, along with direct access to the car park, which is accessed off Mount Street, providing private self-contained parking for c.30 vehicles.

The property, in particular the rear car park, is considered to have potential for development/conversion, subject to planning. The adjacent site, rear of 70-75 St James Street, recently obtaining planning consent for the development of 11 apartments ref: 22/02458/PFUL3.

Our client commissioned CPMG to give consideration to alternative use options. The project identified the property lends itself to a residential or student residential led scheme, or additional office development, subject to planning. Initial high level feasibility designs has shown the potential for c.35 residential units made up of 26 new build apartments on the car park and 9 further apartments as part of conversion of the existing property. These being a mixture of one and two bed. Student residential increasing to c.65 student beds made up of 56 new build studios on the car park and maintaining the same 9 two bed apartments as part of conversion of the existing property. Offices up to c.30,000 sq ft of additional new build space on the car park.

Plans are available demonstrating the above initial feasibility on request from the sole agents

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground 1,815 168.62 Available
1st 1,752 162.77 Available
2nd 1,576 146.42 Available
3rd 336 31.22 Available
Basement 883 82.03 Available
Total 6,362 591.06

Location

64-66 St James Street is situated in the heart of Nottingham City Centre on the pedestrianised section of St James Street that runs from Maid Marian Way to Standard Hill.

The immediate locality is mixed use in nature accommodating a range of uses inc. residential, offices, hotels and retail/leisure. There is an NCP directly opposite. The city retail centre and Nottingham Castle are both within a short walking distance.

The property benefits from excellent transport links and within walking distance of the city centre bus and tram stops. Nottingham railway station is within a 10 minute walk. The property also benefits from a large private self-contained car park to the rear with parking available for c.30 vehicles