13 St Peter's Gate Nottingham Nottinghamshire NG1 2JF

13 St Peter's Gate
Nottingham
Nottinghamshire
NG1 2JF

Freehold Retail/Restaurant Investment in Historic City Centre Location

Entirely let to Café Rouge Restaurants Limited until 2031
Fashionable retail pitch with nearby occupiers including Hugo Boss, Vivienne Westwood and Ted Baker
Attractive period building in a prominent corner position
Planning Permission and Listed Building Consent granted for retail use
Six Week Completion Period Available

Lot
6
Auction
23rd February 2012
Rent
£104,079 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail/Restaurant Investment in Historic City Centre Location

Entirely let to Café Rouge Restaurants Limited until 2031
Fashionable retail pitch with nearby occupiers including Hugo Boss, Vivienne Westwood and Ted Baker
Attractive period building in a prominent corner position
Planning Permission and Listed Building Consent granted for retail use
Six Week Completion Period Available

Lot 6
Auction 23rd February 2012
Rent £104,079 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 25 miles north of Leicester, 16 miles east of Derby, 52 miles north-east of Birmingham
Roads: A609, M1 (Junctions 24, 25 and 26)
Rail: Nottingham Mainline Rail Station
Air: Nottingham East Midlands Airport

Situation

The property is situated in a prominent position fronting St Peters Gate benefiting from a return frontage onto Bank Place. St Peters Gate forms one of the main thoroughfares leading into Nottingham’s historic city centre and comprises part of the perimeter of the central retailing district leading to Bridlesmith Gate to the east, Albert Street to the south-west and Low Pavement to the south. Nearby occupiers include, Hugo Boss, The White Company, Vivien Westwood and Molton Brown.

Tenure

Freehold.

Location

Miles: 25 miles north of Leicester, 16 miles east of Derby, 52 miles north-east of Birmingham
Roads: A609, M1 (Junctions 24, 25 and 26)
Rail: Nottingham Mainline Rail Station
Air: Nottingham East Midlands Airport

Situation

Tenure

Freehold.

Description

The property, a Grade II Listed building, comprises a ground floor retail/ restaurant unit, lower ground ancillary accommodation with first and second floors providing self-contained office accommodation accessed via a separate entrance on Bank Place. The offices benefit from central heating, kitchen, WCs and suspended ceilings in part.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers. Please contact Gwen Thomas at gwen.thomas@acuitus.co.uk.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers. Please contact Gwen Thomas at gwen.thomas@acuitus.co.uk.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Lower Ground First Second	Retail/Restaurant Ancillary Office Office	238 sq m 236 sq m 251 sq m 70 sq m	(2,562 sq ft) (2,540 sq ft) (2,702 sq ft) (754 sq ft)	CAFÉ ROUGE RESTAURANTS LIMITED (1)	35 years (plus 3 days) from 20.09.96 until 2031 on a full repairing and insuring lease	£104,079	20.09.11 and five yearly
Totals		795 sq m (2)	(8,558 sq ft) (2)			£104,079

(1) For the year ending 29th May 2011, Café Rouge Restaurants Limited reported a turnover of £106,755,000, pre-tax profits of £7,413,000 and a total net worth of £61,865,000. (Source: www.riskdisk.com 18.01.2012) Café Rouge Restaurants Limited is a wholly owned subsidiary of Tregus Group, one of the UK’s largest independently owned restaurant operators with over 295 sites. Their portfolio of brands includes Café Rouge, Strada, Bella Italia and the Brasseries. Tragus is backed by The Blackstone Group, a global private investment and advisory firm, founded in 1985. The firm has raised a total of more than $67 billion for alternative asset investing since its formation. (Source: www.tragusgroup.com 18.01.2012) The tenant is not currently in occupation.
(2)These areas have been measured on a gross internal basis.