Key Information
- NIA; 885 SQFT (82.2 SQM)
- £25,000 per annum exclusive
- Nearby occupiers include Box Bar, Be at One, NQ64 and Cosy Club
- Fully fitted bar but suitable for various uses, subject to planning and landlord consent
- £25,000 per annum exclusive
The property comprises a self contained retail unit with a fully glazed frontage to Pelham Street. Internally the property is currently fit out as a bar, with service counter and customer seating within the main sales. There is further customer seating on the mezzanine. The property has a basement, which currently provides male and female WCs, a storeroom and a fully fitted kitchen with extraction canopy.
Location
The property is located along Pelham Street, one of Nottingham's principal retailing pitches with an average daily footfall of c.7,000. Pelham Street connects Clumber Street, Nottingham's prime retail pitch, and Market Square to Hockley - Nottingham's creative quarter which is dominated by thriving independent occupiers. Hockley represents a popular retail and leisure destination in Nottingham City Centre, often referred to as the Soho of Nottingham, with a vibrant mix of restaurants, bars, boutique retailers and creative commercial occupiers. The immediate area is predominantly occupied by food and beverage and leisure uses including bars, clubs, cafes and restaurants. Nearby occupiers include Box Bar, Cosy Club, Be at One, Sainsbury's Local, Moss Bros and NQ64 Arcade Bar.
VAT
All figures quoted are exclusive of VAT.
Service Charge
The tenant is responsible for a fair portion of the costs of the upkeep of the common areas
Rates
Property Description: Shop & Premises Rateable Value: £18,000 Rates Payable: £6,876 (based on the small retail, hospitality and leisure multiplier of 38.2p, effective until April 2027). (Source: VOA)
EPC
The premises have an EPC assessment of B-34
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the property benefits from planning consent for the following uses: Class E (Commercial, Business and Services use). Making the premises suitable for uses such as a shop, cafe, restaurant, office, clinics, health centre and day nurseries. (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).
Viewing
Viewings are by appointment with sole agents Innes England