Grade II Listed Restaurant/Leisure investment in Historic City Centre Location
Grade II Listed Restaurant/Leisure investment in Historic City Centre Location
The property is situated in a pedestrianised location, close to the historic attractions of Nottingham city centre including the Lace Centre, Nottingham Castle and Nottingham Castle Art Gallery.
The A4006 provides access, being an arterial route through the city. In addition, the property benefits from many nearby licensed occupiers and traders.
Long Leasehold. Long Leasehold. Held on a term of 99 years, (less one day), from 5th April 1962 at a peppercorn rent.
The property is situated in a pedestrianised location, close to the historic attractions of Nottingham city centre including the Lace Centre, Nottingham Castle and Nottingham Castle Art Gallery.
The A4006 provides access, being an arterial route through the city. In addition, the property benefits from many nearby licensed occupiers and traders.
Long Leasehold. Long Leasehold. Held on a term of 99 years, (less one day), from 5th April 1962 at a peppercorn rent.
The 17th Century Grade II Listed property comprises ground floor restaurant accommodation, with additional basement ancillary storage.
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
The EPC will be available to view online in the solicitor’s legal pack.
The 17th Century Grade II Listed property comprises ground floor restaurant accommodation, with additional basement ancillary storage.
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Restaurant/Bar and Dining Room Kitchen Toilet Storage |
231.60 sq m 63.08 sq m 17.00 sq m 16.03 sq m |
(2,493 sq ft) (679 sq ft) (183 sq ft) (173 sq ft) |
WORLD SERVICE RESTAURANT LTD (1) |
25 years from 29/08/2000 until 28/08/2025 |
£50,000 | 28/08/2015 and 28/08/2020 |
| First Second |
Club Rooms Office/Storage |
67.10 sq m 68.25 sq m |
(722 sq ft) (735 sq ft) |
THE NOTTINGHAM and NOTTS UNITED SERVICES CLUB LIMITED (2) |
99 years less 7 days from 25/12/1962 |
Peppercorn Rent |
(2061) |
| Totals | 463.06 sq m |
(4,985 sq ft) |
£50,000 | ||||
(1) The World Service Restaurant opened in 2000 and can be found in the AA, Good Food and Michelin Guide. World Service won first place for a record fourth year in the Nottingham Restaurant Awards. (Source: www.worldservicerestaurant.com) For the year ending 31st July 2010, World Service Restaurant Ltd reported a net worth of £226,960. (Source: www.riskdisk.com 25/10/2011)
(2) There is a tenant pre-emption right. Please refer to the Legal Documents.
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