LOCATION

The property is well located in the popular Lace Market area of Nottingham city centre.  Situated immediately opposite the Pitcher and Piano the property occupies a prime location amongst a range of premium operators.  The property is in walking distance of the main retailing area of the city with a number of offices nearby providing a good all-day trading opportunity.

DESCRIPTION

The three-storey property provides trading areas on ground and first floors, each having their own separate bar areas.  The WC accommodation is the basement and there is a fitted catering kitchen on the second floor.

TENURE

The property is currently let to Camerons Brewery Limited on a 25 year FRI lease, expiring 14/05/2032.

ACCOMMODATION

Lower Ground      1,045 sq ft      97 sq m

Ground                  1,916 sq ft     178 sq m

First                      1,788 sq ft      166 sq m

Second                 1,038 sq ft       96 sq m

Total                 5,787 sq ft      537 sq m

RATEABLE VALUE

The rateable value is £117,000 (effective as of 1st April 2017).  The rates payable are therefore £72,224.50 (£0.493 multiplier) however this is currently under appeal.

EPC

An EPC certificate is available upon request.

PREMISES AND LICENCE

The premises benefits from a late licence, allowing the sale of alcohol from 10.00 – 24-00 Mon – Tue, 10.00 – 01.00 Wed – Thur, 10.00 – 02.00 Fri – Sat and 11.00 – 00.30 on Sundays.

PLANNING

The property is not listed, but is situated within the Lace Market conservation area.  The permitted use is registered as ‘Restaurant/Café/Bar/Public House.

PROPOSAL

The preference of our client is to assign the lease, however a sub-letting will also be considered.  All offers are invited, INCENTIVES available.

VIEWING

All viewings should be undertaken on the basis of a discreet customer inspection in the first instance.  Under no circumstances should there be any interaction with staff.