Restaurant/cafe to let
Broad Street, Nottingham NG1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Late licence to 2AM 7 days A week
- No ingoing premium
- Established bar/restaurant on popular nottingham circuit
Property description
Location
The premises are in the heart of the Hockley bar, restaurant and leisure circuit in Nottingham City Centre fronting Broad Street.
Available because of corporate restructuring this was one of the original Revolution Bars that has been trading successfully in this location for some 27 years.
To first floor are Paragon Law and the upper floors were converted into flats “Finelook Studios” and have a self-contained entrance (sold off long leasehold).
The premises are adjacent to Hippo, Dolce and Rough Trade with Kayal and the Broadway Cinema and Media Centre opposite. Close to the junction with Carlton Street offering continental style outside seating and bustling daytime and evening trade. Other occupiers include Hockley Kitchen, Bar Iberico, Pizza Pilgrims, Banzai, Bagel Project, Pho, Ugly Bread, Bear, Mowgli, The Angel and Raymonds.
Description
The premises comprise a converted traditional ground floor mid-parade unit with character features.
There is a main central recessed double door entrance with large open plan seating/trading area and u-shaped bar and ice area, glass wash and store behind.
There is mechanical ventilation, part air conditioning (not tested) and gas fired boiler to rear (not tested).
There is a customer accessible WC, Ladies WCs (4 WC and 4 wb), Gents WCs (4 urinals, 2 WC and 2 wb).
To the rear is a kitchen with extraction unit to rear wall (not tested) and walk in chiller unit off (not tested and storage). There is a gas supply.
Externally to side rear there is a decked seating area that is open fronted, accessed via a rear door and French doors with external shutters.
The is an external screened bin area to yard and access to extended timber beer store under flat roof and 2-barrel vaulted roofed beer stores behind.
To first floor is an office with internal access and external shared metal fire stairs, staff area/WC and lobby.
Accommodation
Ground Floor
Front of house 298 sq m (3,208 sq ft)
Rear kitchen, WC, stores 79 sq m ( 850 sq ft)
Decked open seating area 23 sq m ( 248sq ft)
Beer Cellars 25 sq m ( 269sq ft)
Gross Internal Area 425 sq m (4,575 sq ft)
First Floor
Office, Staff/WC, Lobby 27 sq m ( 295 sq ft)
Gross Internal Area 452 sq m (4,870 sq ft)
Outside
Secure shared gated yard with bin store off and metal fire escape stairs from upper floors.
In addition to the covered side decking area further outside seating on annual Licence to pedestrianised Broad Street for 12 tables and 48 chairs.
Lease
A new effective full repairing and insuring lease, for a term of years to be agreed.
Rental
£85,000 pax, payable quarterly in advance.
Premium
Nil premium opportunity
Rent bond
Rent Bond level dependent on tenant covenant.
VAT
We understand the rent is not subject to VAT.
The position regarding VAT is always reserved.
Legal fees
Each party to bear their own legal costs incurred in the transaction (abortive costs by proposed tenants).
Buildings insurance
The landlords insure the buildings and reclaim the insurance premium annually in advance by way of additional rental.
Business rates
The Valuation Office Agency has the premises assessed as follows:
Rateable Value (2023)
£100,000 (Public House & Premises)
Applicants are advised to make their own enquiries with the Valuation Office andor Nottingham City Council. No warranty is given by the landlords or New West Ltd.
Planning
The premises are in the Lace Market Conservation Area but are not Listed.
The premises have been used for a Bar use with food offer since 1997 and prior to that were Italian Restaurant Premises.
The was consent for a new entrance in 1988 and Pub Signage in 1998. The premises would suit a range of bar and restaurant uses.
Neither New West Ltd nor the landlords offer any warranty as to the previous uses in terms of Planning/Building Regulations nor those consents that may be required for any proposed use.
Parties should contact Nottingham City Council Planning Department. Telephone number:
Inventory
A full inventory to be agreed prior to taking over the premises.
Licence
The premises benefit from a full-on Licence with Live & Recorded Music Indoors, Late Night Refreshments Inside and Outside and Sale by Retail of Alcohol Monday to Sunday 11.00 am to 2.00 am. Opening hours permitted are stated as 11.00 am to 2.30am.
Licensed capacity 441 persons.
Pavement Licence – Annual Pavement Licence from Nottingham City Council for 12 Tables and 48 chairs Mon-Sun 10.00 to 23.00.
Money laundering policy
In accordance with Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser/tenant.
Commercial energy performance certificate
The premises have an EPC Rating of B35 to June 2033. Copies of the Energy Performance Certificate & Recommendations Report are available to applicants on request.
Property info
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
For more information about this property, please contact
New West Chartered Surveyors, NG2 on +44 115 774 9103 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by New West Chartered Surveyors, and do not constitute property particulars. Please contact New West Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.