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Eldon Chambers, Wheeler Gate, Nottingham, NG1 2NS

£450,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • Grade II listed restaurant over 5 storeys
  • Charming location close to Old Market Square
  • 60 covers over two storeys
  • Large commercial kitchen
  • Basement storage, guest WCs, manager's office
  • In excellent cosmetic condition. Energy rating C
  • Christie & Co Ref: 5760515

Description

Description

2 to 3 Eldon Chambers is a well-established restaurant location in Nottingham city centre. It has previously been operated by French restaurant Le Mistral and currently as No Twelve, a successful Vegan restaurant, whose business will be closing in May to concentrate on new opportunities.

The restaurant is in a good state of décor with exposed brick and high ceilings part of the charming aesthetic. The ground floor restaurant area consists of a central bar, separating the dining areas for a total of 30 covers.

On the first floor, there is an additional seating area for a further 30 covers with additional bar servery, suitable for functions and private hire. The second floor consists of a large commercial kitchen, prep area and food store. There is a dumbwaiter lift from the kitchen to ground floor.

The basement contains additional storage and customer WCs. The third floor contains a manager’s office and further storage.

Location

Eldon Chambers is a courtyard development, accessed through an archway off Wheeler Gate in Nottingham city centre. Within a short walk, you have major public points of interest such as Old Market Square, the Victoria Centre, Theatre Royal, Royal Concert Hall and the Cornerhouse.

The city of Nottingham has a population of approximately 315,000 and an urban population of 730,000. The city benefits from two universities and is the home of major companies such as Boots, Speedo and Experian. It is also widely regarded as the regional capital of the East Midlands.

Internal Details

Ground floor consisting of a 30 cover trading area and central bar.

The first floor contains a further 30 cover trading area and back bar.

The second floor contains a large commercial kitchen that mirrors the footprints of the trading area and a central dumbwaiter transports food to both trading floors.

The top floor contains a manager’s office which is split into two rooms.

The basement contains a wine cellar, storage and customer WCs.

The condition throughout is generally good and does not appear to require any significant works apart from any operationally focused maintenance.

External Details

There are no fixed external trading areas but a small decked area has been placed to the front of the restaurant.

There are two parking spaces but one of these is covered by the decked area to the front of the restaurant.

The Opportunity

This is an opportunity to purchase a vacant freehold restaurant in a city centre location, establishing a permanent home for your business. The restaurant has space for 60 covers with two bars.

With the recent announcement of Homes England’s purchase of the former Broadmarsh Shopping Centre, significant regeneration of the southern part of Nottingham city will hopefully result in increased footfall and trade in the area.

This is a great opportunity for a restauranteur to purchase a venue that can operate as a cosy and intimate dining space, whilst also having the ability to host functions with a variety of trading opportunities.

Tenure

The premises are available freehold. Please contact the Sole Selling Agent for further information.

Business Rates

Business rates payable at 1st April 2023 - £18,750

Energy Performance Certificates

EPC 1

Brochures

Eldon Chambers, Wheeler Gate, Nottingham, NG1 2NS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Old Market Square Tram Stop0.1 miles
  • Lace Market Tram Stop0.2 miles
  • Royal Centre Tram Stop0.2 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5760515-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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