Pub/bar for sale in Bolero Square, Nottingham NG1
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Located in the Centre of Nottingham at the entrance to the Nottingham Motorpoint arena and Ice skating centre.
Nottingham is well positioned within the Midlands, with an estimated population of circa 280,000, the City can be accessed from 3 exits from the M1 (J24 in the South Via the newly built dual carriageway A453, J25 via the A52 at Derby, and J26 Via the A610 to the North) The A453 junction to the South of the City leads to Kegworth and Castle Donington, ideal for Nottingham East Midlands airport and Donington Race track.
A well appointed City Centre bar and restaurant, that largely benefits in trade from the events held at the Nottingham Arena. The business demise is set out on the ground and first floor with 2 private areas for functions on ground and first floor. Ancilliary space to include, catering kitchen, beer cellar and cold room, stores and staff room.
Open plan ground floor bar area - large central bar with back bar and glass wash area
Ground floor private function space with own bar - (40)
First floor - dining area (20) - private functions room with bar (40)
First floor w/c's and ancilliary areas.
Located in the centre of Nottingham close to all local shops, bars and restaurants and offices, with direct access to car parks and public transport and road links in and out of the city.
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.
Offered for let on the remainder of a 10 year lease (5 years plus) remaining at a passing rent of £60,000 per annum plus vat.
The premium sought for goodwill, fixtures and fittings is £60,000.
The property is being sold by way of a share sale.
According to the valuation office agency website the rateable value is £72,500 with rates payable estimated with rates payable in the region of £34,000 per annum.
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.
Both Parties will be responsible for their own legal costs.
A contribution to the service charge for maintenance of the communal areas will be applicable. Details within the legal pack.
There is no parking allocated to the property, deliveries and drop off to the front and side of the property all day is permitted.
Current planning is for A3/A4 bar and restaurant.
Viewing is strictly by prior appointment via the sole agents Moores Commercial Tel: Or via email
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Moores Commercial, and do not constitute property particulars. Please contact Moores Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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