2-4 Adams Walk, One Fletcher Gate, NG1 1QS
£9.78 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,090 sq ft
380 sq m
- SECTOR
High street retail property to lease
- USE CLASSUse class orders: A3 Restaurants and Cafes and Class E
A3, E
Lease details
- Lease available date:
- Now
- Lease type:
- Long term
Key features
- Fully fitted restaurant / bar in strong retail & leisure pitch.
- 380 sq m (4,090 sq ft).
- Prominent city centre location.
- Licenced premises from 10am to 12.30am Monday to Sunday.
- Suitable for retail and leisure uses.
- 10 year lease (expires April 2031) with tenant break option year 5.
Description
The property is located on the pedestrianised Adams Walk, situated at the junction with Fletcher Gate, within Hockley, Nottingham city centre. The property sits opposite the Ibis Hotel and Tesco Express and is adjacent to the 'Lace Market' NET Tram stop.
Hockley and the surrounding area is a vibrant part of the city and is home to a wealth of retail and leisure operators including Tesco, Sainsbury's, Nisbets, All Bar One, Yo Sushi, Penny Lane, Piccolino, Red Dog Saloon, Pizza Punks, Faradays and Baresca. Nottingham's prime retail pitches of Clumber Street, High Street and Bridlesmith Gate are within a two minute walk.
DESCRIPTION:
The property comprises a fully fitted, ground floor restaurant set within the 'One Fletcher Gate', mixed use development.
The unit has prominent frontage to Adams Walk, which leads into an open plan trading space. The trading area is currently set out for approximately 94 covers and is fully fitted, incorporating a bar servery, raised trading area, commercial catering kitchen and customer WC's.
The restaurant also benefits from a ground floor beer cellar, storage rooms and staff room. Externally, the restaurant benefits from a pavement licence for 40 covers.
LEASE TERMS & RENT:
The property is leasehold and held on a 10 year FRI lease, which commenced in April 2021.
The lease is free of all supply ties and we are advised the current rent is £40,000 per annum. A service charge is also payable. The lease has a tenant only break option (giving not less than nine months' notice) at year five (April 2026).
A copy of the existing lease can be provided upon request.
ACCOMMODATION:
Ground Floor: 380.28 sq m (4,090 sq ft)
PLANNING AND LICENCE:
Use Class E (Retail and Restaurant)
The unit is fully licensed from 10 am to 12.30 am Monday to Sunday and has a pavement licence for 40 covers.
FIXTURES & FITTINGS:
If required, all vendor owned trade fixtures and fittings are available to be purchased.
RATES:
Rateable Value 2023: £36,000
UTILITIES:
All main services are connected.
VAT:
Vat is applicable to the purchase price and service charge.
EPC:
D - 85
CONTACT:
Please contact heb Surveyors or our joint agent Jon Heald at Everard Cole (see brochure for contact details).
CLICK LINK BELOW FOR BROCHURE
Brochures
2-4 Adams Walk, One Fletcher Gate, NG1 1QS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lace Market Tram Stop0.0 miles
- Old Market Square Tram Stop0.2 miles
- Royal Centre Tram Stop0.3 miles
About HEB Property Consultants, Nottingham
Apex Business Park Ruddington Lane, Nottingham, NG11 7DD
heb Property Consultants are one of the regions leading practices of Chartered Surveyors that specialise in all aspects of commercial property. We are a multi-discipline consultancy and our clients range from corporate companies and pension funds to small property trusts and individuals, we also provide various services to local authorities and charities.
Our ethos is based around core principles of strong communication with our clients, partner led services and a commitment to both cr
Notes
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