Key Information
- Suitable for alternative uses (STP)
- Currently fully fitted out as a restaurant with function/event facility
- Adjacent to The Park Estate, Nottingham's premier residential area
- Benefits from 2 car parking spaces
- Seeking premium offers for the long leasehold or a rental for a new sub lease. Details on application.
Impressive building forming part of the Royal Standard Place Development of high quality residential apartments, Harts Hotel, and the subject premises which were traded as an award winning restaurant. The property is currently laid out with a ground floor restaurant with kitchen and private dining facility, with large open plan event/function room at first floor, and staff facilities at second floor. The property benefits from 2 car parking spaces. Seeking premium offers for the long leasehold interest or a market rental for a shorter sub-lease. Details on application. Specialist restaurant fixtures and fittings available by separate negotiation.
Location
The premises are located within Nottingham, one of eight core cities in England and with over 50 national companies with headquarters in the City, such as Boots, Speedo, Capital One and Paul Smith. Nottingham has strong transport links with Midland Mainline trains direct to St. Pancras, London and locally an extensive tram (NET) network. The M1 Motorway is situated to the west, with Junctions 24, 25, and 26 providing good access into Nottingham. The property is situated in the heart of the City's professional quarter based around the Ropewalk and adjacent to The Park Estate, Nottingham's premier residential location, together with Harts Hotel, Nottingham's leading Hotel with 32 bedrooms, all within a 5 minute walk of the City Centre.
VAT
All figures are quoted exclusive of VAT.
Service Charge
As part of the Arena development at Royal Standard Place there is a service charge for the common areas and currently c.£1,500 per annum
Rates
Property Description: Restaurant & Premises Rateable Value: £71,500 Rates Payable: £36,608 (based on the uniform business rates of 51.2, effective until March 2024). All retail, leisure and hospitality users may be entitled to 75% relief of rates payable up until April 2024. (Source: VOA)
EPC
The property currently has an EPC rating of 124 (E Rating).
Viewing
Viewings are by appointment with sole agents Innes England, Matthew Hannah or Sam Hall.
Legal Costs
Each party to bear their own legal costs.
Accommodation
Measurements are quoted on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the premises have planning permission for its current use as an A3 Restaurant Use Class Under Town & Country Planning (Use Class) Order 1987 and its subsequent amends. The property would be suitable for alternative uses, subject to planning and interested parties should contact Nottingham City Council.