Nottingham Nottinghamshire NG1 1HF

For Sale £400,000

Property Details

Nottingham Nottinghamshire NG1 1HF

For Sale £400,000
Description

City Centre A3 bar/Restaurant Business for sale

- Nottinghamshire

Nottingham City Centre location
Situated in the desirable lace market
Ground and First floor trading space
Freehold with vacant possession
Fully fitted bar and kitchen with courtyard area

LOCATION
Well positioned in the City Centre close to the Market Square, High Pavement has good pedestrian access being within walking distance to the main bus station at the Broad Marsh Centre and approximately a 5 minute walk from Nottingham Train station. 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.

DESCRIPTION
A 3 storey brick built mid terrace property with multiple trading areas across the first and second floors which was substantially refurbished in 2018 including new WC’s, Kitchen and trading areas.
Small rear courtyard and access to the bin storage area.

ACCOMMODATION
2 steps up to the front trading/bar area.
The rear restaurant – comprises main bar servery and seating for circa 35 covers.
To the first floor – ladies and gents w/c’s, fully equipped catering kitchen, restaurant for circa 25 covers.
Stairs to 2nd floor – currently used for staff room and storage.

AMENITIES
Located in the city centre of Nottingham, close to the tram line and within 10 minutes walk to Nottingham train station.

SERVICES
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.

TERMS
Freehold £400k with vacant possession.

OUTGOINGS
According to the valuation office agency website the current rateable value is £6300 per annum. For rate releif and exemption, interested parties are advised to make their own enquiries.

VAT
We are advised the property is opted to tax and so vat will be applicable on the rent and other landlords charges.

LEGAL COSTS
Both Parties will be responsible for their own legal costs.

OTHER
Finance may be available through Independent Financial Brokers and Moores Commercial would be pleased to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.

VIEWING
Viewing is strictly by prior appointment via the sole agents Moores Commercial Tel: 01664 431330 or via email office@moorescommercial.com

Moores Commercial offer a unique personal service helping clients with all aspects of commercial property across the Midlands