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Nottingham - Large Restaurant with Function Room to Rent

To rent: £10,000.00 Per Month|8,000 Sq Ft|Retail - High Street, Pubs/Bars/Clubs, Restaurant/Cafes, Retail, Licensed & Leisure

Property details

TO RENT£10,000.00 Per Month
SIZE8,000 Sq Ft
ADDRESSMan`s Restaurant, 4B Chapel Bar, Nottingham, Nottinghamshire, NG1 6JQ
TYPERetail - High Street, Pubs/Bars/Clubs, Restaurant/Cafes, Retail, Licensed & Leisure
TENUREAssignment, To Let
POSTED ON12th October 2022

Description

Property Features:
Comprises large ground floor restaurant with function room at first floor
Family run business since 2005. Lease sale due to a retirement.
VAT is applicable to this property
Comes fully equipped as seen on pictures
Property benefits from disabled lift between ground and first floor
Opening times 12pm-11pm on Monday-Saturday and 12pm-10pm on Sunday
Total area size 788 sq m (8,480 sq ft)
Occupiers close by include McDonalds, Tesco Express, KFC, Nando`s, Taco Bell and Premier Inn, amongst many others.

Property Description:
Comrrises large ground floor restaurant with function room at first floor. The restaurant has been successfully run since 2005 and is now for sale due to a retirement. The property provides the following accommodation and dimensions:
Ground Floor: Entrance Lobby, Reception, Bar, 4 Restaurant Sections with 150+ covers in total, Full Commercial Kitchen, Disabled and Elderly WC, Disabled Lift to First Floor, Waiter and Service Sections, Storage
First Floor: Open plan function room, Bar, Preparation Kitchen, Staff Rooms, Storage, Male/Female WCs

Terms:
Lease assignment. The property is offered on the following terms:
Term: 10 Years from 7th August 2020 until 6th August 2030
Rent: £2,307.69 per week (PCM: £10,000) paid quarterly in advance
Rent Review: Open market rent review on 7th August 2025
Premium: £440,000

Rateable Value:
Rateable Value - £75,500
Rates Payable - £19,328 (1st Apr 2022 – 31st Mar 2023)

EPC:
The property benefits from a C Rating. Certificate and further details available on request.

Location:
The City of Nottingham is the principal financial and commercial centre of the East Midlands, located 25 miles north of Leicester and 16 miles east of Derby. There are excellent communications with Junctions 24, 25 and 26 of the M1 motorway located from 5 miles to the west. The property is situated within walking distance to The Victoria Shopping Centre & The Exchange Arcade. Occupiers close by include McDonalds, Tesco Express, KFC, Nando`s, Taco Bell and Premier Inn, amongst many others.

Location

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Location: Man`s Restaurant, 4B Chapel Bar, Nottingham, Nottinghamshire, NG1 6JQ

Nottingham (0.6 miles)

Carlton (3.2 miles)

Beeston (3.2 miles)

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