Commercial Property To Let, Nottingham

Iconic Restaurant site available TO LET in Nottingham Lace Market

Rent £45,000 per annum + VAT

4,380 Sq. Ft

Size - 4,380 sq ft
Rent - £45,000 per annum - See terms for rental increases
Rateable Value - £36,500 Based on the April 2023 valuation
VAT Applicable
Legal Fees - Each party to bear their own costs
EPC Rating D (88)

Offered for let in the popular Lace Market area of Nottingham is 5 Broadway. Occupying the ground and basement floors of the corner of Broadway and Stoney Street. With central bar area and split restaurant space - with open kitchen and store rooms to the rear of the site. W/c's on the ground floor and basement.

Basement - open plan with bar servery - office - staff room and store room.

The floors above have been converted to residential and are not part of the Ground Floor Lease. There is no accommodation with the Ground Floor Unit.

Well positioned in the City Centre close to Hockley and the main Market Square (5 minute walk), the property has good pedestrian access and is a 10 minute walk from Nottingham Train station. The Motorpoint Arena is a 5 minute walk and the Lace Market Car Park is nearby.

Available for lease on a minimum 5 year terms with review and breaks to be agreed. Rent has been set at £45,000 + VAT per annum - year one - with annual rental increases of £5k over the first 5 years, then formal 5 yearly reviews thereafter. A 3 month rent deposit will be required and potential tenants will need to prove a history of trading in the licence trade. The landlord will insure the building and the tenant will refund a portion of the premium.