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Man`s Restaurant 4B Chapel Bar 8,480 SF of Assignment Available in Nottingham NG1 6JQ
ASSIGNMENT HIGHLIGHTS
- Occupiers close by include McDonalds, Tesco Express, KFC, Nando`s, Taco Bell and Premier Inn, amongst many others
- Comes fully equipped as seen on pictures
- ? Property benefits from disabled lift between ground and first floor
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 8,480 SF | Aug 2030 | $19.00 /SF/YR $1.58 /SF/MO $161,108 /YR $13,426 /MO | Fully Repairing & Insuring |
Ground
Property Features: Comprises large ground floor restaurant with function room at first floor Family run business since 2005. Lease sale due to a retirement. VAT is applicable to this property Comes fully equipped as seen on pictures Property benefits from disabled lift between ground and first floor Opening times 12pm-11pm on Monday-Saturday and 12pm-10pm on Sunday Total area size 788 sq m (8,480 sq ft) Occupiers close by include McDonalds, Tesco Express, KFC, Nando`s, Taco Bell and Premier Inn, amongst many others. Property Description: Comprises large ground floor restaurant with function room at first floor. The restaurant has been successfully run since 2005 and is now for sale due to a retirement. The property provides the following accommodation and dimensions: Ground Floor: Entrance Lobby, Reception, Bar, 4 Restaurant Sections with 150+ covers in total, Full Commercial Kitchen, Disabled and Elderly WC, Disabled Lift to First Floor, Waiter and Service Sections, Storage First Floor: Open plan function room, Bar, Preparation Kitchen, Staff Rooms, Storage, Male/Female WCs Terms: Lease assignment. The property is offered on the following terms: Term: 10 Years from 7th August 2020 until 6th August 2030 Rent: £2,307.69 per week (PCM: £10,000) paid quarterly in advance Rent Review: Open market rent review on 7th August 2025 Premium: £150,000 Premium can be paid in installments. Rateable Value: Rateable Value - £75,500 Rates Payable - £19,328 (1st Apr 2022 – 31st Mar 2023) EPC: The property benefits from a C Rating. Certificate and further details available on request. Location: The City of Nottingham is the principal financial and commercial centre of the East Midlands, located 25 miles north of Leicester and 16 miles east of Derby. There are excellent communications with Junctions 24, 25 and 26 of the M1 motorway located from 5 miles to the west. The property is situated within walking distance to The Victoria Shopping Centre & The Exchange Arcade. Occupiers close by include McDonalds, Tesco Express, KFC, Nando`s, Taco Bell and Premier Inn, amongst many others.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Kitchen
- Demised WC facilities
- Ground floor restaurant with first floor function
- Family run business since 2005
- Includes a bar and restaurant space
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 8,480 SF | Gross Leasable Area | 8,480 SF |
| Property Type | Retail | Year Built | 2005 |
| Total Space Available | 8,480 SF |
| Property Type | Retail |
| Gross Leasable Area | 8,480 SF |
| Year Built | 2005 |
ABOUT THE PROPERTY
The City of Nottingham is the principal financial and commercial centre of the East Midlands, located 25 miles north of Leicester and 16 miles east of Derby. There are excellent communications with Junctions 24, 25 and 26 of the M1 motorway located from 5 miles to the west. The property is situated within walking distance to The Victoria Shopping Centre & The Exchange Arcade. Occupiers close by include McDonalds, Tesco Express, KFC, Nando`s, Taco Bell and Premier Inn, amongst many others.
Presented by
Man`s Restaurant | 4B Chapel Bar
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