Wollaton Street, Nottingham, Nottingham City

Fully Fitted Restaurant & Takeaway Premises – Lease Assignment – £98,000

153 Wollaton Street, Nottingham, NG1 5GE

Asking Premium: £98,000 | Annual Rent: £12,000 | Approximately 9 Years Remaining

Yes Properties is pleased to offer this opportunity to acquire the leasehold interest in a fully fitted restaurant and takeaway premises, together with the existing catering equipment, fixtures and fittings.

Currently operating as Gravix, the property provides approximately 1,699 sq ft (157.84 sq m) of accommodation arranged across the ground and first floors.

The ground floor comprises an attractively fitted restaurant and takeaway area, including customer seating, service counters, electronic ordering facilities and commercial food preparation and catering equipment.

The premises also benefit from a substantial first-floor hall of approximately 967 sq ft (89.82 sq m), with ancillary WC facilities, providing valuable additional accommodation.

The property features distinctive interior decoration, fitted seating, illuminated signage, tiled flooring and existing commercial installations.

The asking premium includes the proposed assignment of the existing lease together with the catering equipment, fixtures, fittings and existing tenant's fit-out included in the agreed sale inventory. No business goodwill is included in the asking price.
Key Features
- Asking premium of £98,000
- Rent of £12,000 per annum (£1,000 pcm)
- Approximately 9 years unexpired on the lease
- Total accommodation approximately 1,699 sq ft
- Fully fitted restaurant and takeaway premises
- Commercial catering equipment included
- Existing service counters and customer seating
- Established food preparation facilities
- Substantial first-floor hall
- Separate side entrance
- Nottingham city-center location
- Opportunity for an incoming operator to establish their own food business, subject to consents
Tenure: Leasehold – assignment of existing lease, subject to contract and any required landlord consent.

Viewings: Strictly by appointment through Yes Properties.

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All equipment and fixtures included in the sale are subject to an agreed inventory. Buyers must satisfy themselves regarding equipment condition, ownership, planning permissions, lawful use, lease terms and other relevant matters.