1,3 and 5-7 Castle Road And 75-77 Hounds Gate Nottingham Nottinghamshire NG1 6AA

  • 1,3 and 5-7 Castle Road<br>And 75-77 Hounds Gate<br>Nottingham<br>Nottinghamshire<br>NG1 6AA

1,3 and 5-7 Castle Road
And 75-77 Hounds Gate
Nottingham
Nottinghamshire
NG1 6AA

Substantial Mixed-Use City Centre Investment

  • Major city centre location
  • Substantial unbroken parade
  • Includes a self contained public house, restaurant, offices and residential flats
  • Directly opposite Nottingham Castle and next to Nottingham College in an attractive and busy location
  • Active management potential
  • Lot
    20
  • Auction
    13th February 2025
  • Rent
    £101,500 per Annum Exclusive
  • Status
    Available
  • Guide*
    £1,100,000
  • Auction Venue
    Live Streamed Auction
  • On behalf of Nottingham City Council
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Substantial Mixed-Use City Centre Investment

  • Major city centre location
  • Substantial unbroken parade
  • Includes a self contained public house, restaurant, offices and residential flats
  • Directly opposite Nottingham Castle and next to Nottingham College in an attractive and busy location
  • Active management potential
  • Lot 20
  • Auction 13th February 2025
  • Rent £101,500 per Annum Exclusive
  • Status Available
  • Guide* £1,100,000
  • Sector
    Public House, Residential, Mixed Use
  • Auction Venue
    Live Streamed Auction
  • On behalf of Nottingham City Council

Property Information

Location
Miles
16 miles north of Loughborough, 51 miles north-east of Birmingham
Roads
A6008, A612, A6005
Rail
Nottingham Station
Air
East Midlands Airport
Situation

Nottingham is regarded as the capital of the East Midlands and is approximately 16 miles north of Loughborough and 51 miles north-east of Birmingham. The property is situated 500m south-east of Nottingham City's prime retail centre and directly opposite Nottingham Castle in a well established location, surrounded by a densely populated residential suburb.

Tenure

Freehold.

Location
Miles
16 miles north of Loughborough, 51 miles north-east of Birmingham
Roads
A6008, A612, A6005
Rail
Nottingham Station
Air
East Midlands Airport
Situation

Nottingham is regarded as the capital of the East Midlands and is approximately 16 miles north of Loughborough and 51 miles north-east of Birmingham. The property is situated 500m south-east of Nottingham City's prime retail centre and directly opposite Nottingham Castle in a well established location, surrounded by a densely populated residential suburb.

Tenure

Freehold.

Description

The property comprises a substantial unbroken parade of a series of attractive Grade II listed commercial and leisure buildings with a substantial frontage facing Nottingham Castle.

VAT

VAT is not applicable to this lot.

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional sum (VAT not applicable) as a contribution towards the Seller costs.

EPC

See legal pack.

Description

The property comprises a substantial unbroken parade of a series of attractive Grade II listed commercial and leisure buildings with a substantial frontage facing Nottingham Castle.

VAT

VAT is not applicable to this lot.

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional sum (VAT not applicable) as a contribution towards the Seller costs.

EPC

See legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Rent p.a.x Rent Review (Reversion)
5-7 Castle Road Ground
First
Second
Basement		 Restaurant
Ancillary
Ancillary
Ancillary
143.70
124.20
25.20
35.60
(1)
(1,546)
(1,336)
(271)
(383)
 EVER SO SENSIBLE RESTAURANTS LIMITED (CRN: 06835103)
(2)		 31/12/1995 until 30/12/2020 (currently Holding Over)
£35,400
  
7 Castle Road First and Second Residential Flat     EVER SO SENSIBLE RESTAURANTS LIMITED(CRN: 06835103)
(2)		 01/07/1998 until 30/12/2020 (currently Holding Over)
£6,100
  
3 Castle Road Ground
First
Second
Basement		 Office
Office
Office
Ancillary
36.00
23.80
14.30
16.30
(1)
(387)
(256)
(153)
(175)
 VACANT POSSESION      
1 Castle Road and 75-77 Hounds Gate Ground
First
Second
Basement		 Public House
Ancillary
Flat
Ancillary
121.30
120.10
96.60
51.50
20.60
(1,305)
(1,292)
(1,039)
(554)
(221)
 EVER SO SENSIBLE RESTAURANTS LIMITED(CRN: 06835103)
(2)		 01/11/2019 until 31/10/2039
£60,000
01/11/2024. This Rent Review is outstanding
Total Approximate Commercial Floor Area    
829.20
(8,918)
    
£101,500
  

(1) The above floor areas are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) Ever So Sensible Restaurants Limited were incorporated in March 2009 and for the year ending 31st August 2023 reported net assets of £1,039,317. (Source: Unaudited Financial Statements for the year end 31st August 2023 as published at Companies House, 13/01/2025)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Anjali SawaliAnjali Sawali +44 (0)20 7034 4854 +44 (0)7854 316 621anjali.sawali@acuitus.co.uk
Associate AuctioneersDamian Lloyd +44 (0)7748 111677 damian.lloyd@avisonyoung.com  Alex Darlington +44 (0)7904 630147alex.darlington@avisonyoung.com
Seller's Solicitors
Nottingham City Conveyancing Team 2nd Floor, Loxley House Station Street
Nottingham
NG2 3NG
James Christian 0115 87 65681james.christian@nottinghamcity.gov.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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