Restaurant to rent

Poplar Street, Nottingham, Nottinghamshire, NG1

£2,375 pcm
2,100 sq. ft.

Property Description

Commercial information

  • 2,100 sq ft (195 sq m)
  • Use class orders: A3 Restaurants and Cafes

Letting information:

Furnishing: Furnished
Letting type: Commercial

Key features

  • Prominent licensed restaurant
  • Traded as popular Italian restaurant for 20 years plus
  • Ground Floor Net Internal Area - 195 sq m (2,100 sq ft)
  • Basement
  • Premium Upon Application
  • Rental 28,500 pax

Full description

Tenure: Leasehold

LOCATION
The property occupies a prominent location at the junction of London Road and Lower Parliament Street in Nottingham City Centre with the A612 to the rear.

The property is directly opposite The Island Development Site which already includes ACAS East Midlands, The Insolvency Service, Homes England, BBC Nottingham and Public Health England. There is a major scheme proposed on 40 acres for new homes, offices and 5-star hotel.

On the opposite side of London Road, a new development is currently underway for flats. The National Ice Arena and the Motorpoint Arena are walking distance directly to the North. The premises are also within walking distance of BioCity on Pennyfoot Street a "Home to the Curious" being a significant incubator scheme for companies including Xenogesis, Cellomatics Bio Sciences Ltd, Haemostatix Ltd and Biomedha Ltd.

The location benefits from Pay & Display Meter parking directly in front of Savai.

DESCRIPTION
The premises offer a long established Italian licensed restaurant which has been part of the Nottingham scene for in excess of 20 years.

The property offers the opportunity to purchase and trade a fitted operational entity and to expand the food and beverage offer. Or potentially to re-format for alternative restaurant uses. Alternative uses will also be considered subject to any Planning Consents that may be required.

The premises are part air-conditioned part gas fired centrally heated (not tested) and provide a main ground floor trading area with ground floor bar, toilets (accessible, ladies and gents) and an open pizza preparation and oven area.

To the rear are the main kitchens with staff WC.
To the outside there is a shared gated side access route for loading/unloading, ramped accessible entrance, fire escapes and shared bin area leading onto Poplar Street.

ACCOMMODATION
The accommodation can be more fully described as follows:

Ground Floor
Restaurant area - 161 sq m (1,730 sq ft)
Rear kitchen - 34 sq m ( 370 sq ft)
Total - 195 sq m (2,100 sq ft)

Basement - Multi-height storage areas

LEASE
The premises are available by way of an effective full repairing and insuring lease on terms to be agreed.

RENTAL
£28,500 pax

PREMIUM
Premium upon request. Inventory can be made available.

PLANNING
We understand the premises have Planning Consent for an A3 (restaurant) use granted in 1998 (Ref 98/00599/PFUL3). Please note there is residential accommodation to the upper floors separately serviced and any future uses would have regard to that.

The premises have been established for in excess of 20 years and trading hours have been 6 days per week (not trading Sundays). Opening from 12pm to 2.30 pm for lunch and 6pm-10pm evenings.

Interested parties are asked to speak to Nottingham City Council Planning Department. Telephone no: .

Neither the landlords nor New West Ltd offer any warranty in respect of the Planning (existing or proposed) or Building, Planning or Fire Regulations and interested parties must consult with the Local Planning Authority.
BUSINESS RATES
We understand that the premises are assessed as "restaurant and premises" with a Rateable Value of £37,250 currently. However, relief is currently being provided and the actual Rates payable reduced.

Please note that once re-let and split the Business Rates could be reassessed for just ground floor and basement since the Assessment quoted is currently on the whole including the former first floor restaurant and trading space.

SERVICE CHARGE
There will be a service charge in respect of maintenance and upkeep of communal areas. We understand that the ground floor and basement would represent 36%.

BUILDINGS INSURANCE
The landlords will insure the premises and recover the buildings insurance premium annually in advance by way of additional rental. We understand that the percentage of the whole would be 36%.

COMMERCIAL ENERGY PERFORMANCE CERTIFICATE
The premises have been assessed as C73
Certificate reference no: 9736-3043-0738-0500-8905. Copies of the Energy Performance Certificate and Recommendation Report are available to applicants upon request.

LEGAL FEES
The incoming tenants to be responsible for the landlords' legal costs incurred in the transaction together with any Stamp Duty or VAT thereon.

VAT
It is our understanding that the landlords do not charge VAT on the rental however the position with regard to VAT is reserved at all times.

LICENCE
The premises benefit from a premises Licence No. 036768 which provides for live music, recorded music, performances of dance and late-night refreshments - all indoors. Also, for the sale by retail of alcohol on/off the premises. The times permitted are 10 am to 1am Monday to Sunday and opening hours 10am to 1.30am Monday to Sunday.
The maximum capacity was stated as 100 persons. The lease opening hours to be agreed.

Interested parties should make their own enquiries with regard to Nottingham City Council Licensing Department. Contact Commercial & Operations Licensing, Central Police Station, Byron House, Maid Marian Way, Nottingham, NG1 6HS. Telephone: .

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.

FOOD HYGIENE RATING
5 Very Good
5th July 2019


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Lace Market (0.3 mi)
  • Station St (0.4 mi)
  • Nottingham (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

NEW WEST LTD, Nottingham

17 The Triangle, Ng2 Business Park, Nottingham, NG2 1AE

0115 798 0486 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Lace Market (0.3 mi)
  • Station St (0.4 mi)
  • Nottingham (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

NEW WEST LTD, Nottingham

17 The Triangle, Ng2 Business Park, Nottingham, NG2 1AE

0115 798 0486 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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