NOTTINGHAM, 7 HIGH PAVEMENT
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.
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.
The property is currently let to Camerons Brewery Limited on a 25 year FRI lease, expiring 14/05/2032.
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
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.
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.
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.
The preference of our client is to assign the lease, however a sub-letting will also be considered. All offers are invited, INCENTIVES available.
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.
United Kingdom, Nottinghamshire, Nottingham, 7 High Pavement, Nottingham