Deal still on for 'national retailer' to move into Nottingham's Broad Marsh

Efforts remain underway to bring a national retailer into several business units at the Broad Marsh Car Park and Bus Station building. It was first confirmed in December that a national retailer was interested in taking on all of the five units in the building that front Carrington Street.

No progress has been confirmed since then, but Nottingham City Council says it is still working with a national retailer on them taking space under the car park. The authority also said that a decision on the matter is "in the process of being submitted", suggesting further details may be confirmed in the near future.

The council still says it is unable to confirm at this stage which national retailer will be taking on the business units. The car park element of the £50 million building first opened in November 2021 and the first buses left the station last June.

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With the new Central Library having also recently opened, the only empty parts of the building are the five business units. Speaking previously at a meeting confirming the news, Nottingham City Council's then portfolio holder for property, Councillor Steve Battlemuch, said: "The letting is to a national retailer and is on market terms.

"The occupier will take all the units for retail use. The occupiers wish to take occupation as soon as the legal documents are drafted and the deal will provide budgeted revenue for the Broadmarsh car park and bus station scheme, so it is a win-win for us. It will add [to] footfall in an area of the city that we are obviously still working on improving."

A report presented at the meeting asking councillors to approve the letting of the premises added: "The proposed letting would ensure the premises are fully let under a single transaction providing a single revenue stream and remove the financial risks associated with separate lettings on potentially less favourable terms. In completing the letting it will remove ongoing void costs and ensure a secure rental income is received from this asset."

Some of the business units remain advertised online by FHP and news that the deal is still on comes despite the fact that whilst some units previously had an 'under offer' sign placed on the window, all of them now display a 'to let' notice. The smaller units are being advertised with a £28,500 annual rent, whilst larger ones come with a £45,000 a year rent charge.