Nawab and The Globe - Property Search
Transcription
Nawab and The Globe - Property Search
Acting on behalf of LPA Receivers, Tom Burton and John Sumpton of Ernst & Young LLP Investment/Development Opportunity Nawab and The Globe 154 – 156 London Road and 152 London Road, Nottingham For Sale Freehold ■■ Excellent roadside location ■■ Part income producing ■■ Large rear car park savills.co.uk ■■ Potential development opportunity (STPP) ■■ Part available with full vacant possession Location Accommodation Price The properties form part of an island site bounded to the east by London Road (A60), to the south by Trumans Road and to the west by Meadows Way with an extremely prominent and extensive linear frontage to the main arterial route into the city centre. Access to the properties has been limited so all figures quoted are for guidance purposes only. Nawab Offers are sought in the region of £200,000. Ground Floor: 109.7 sq m / 1,181 sq ft VAT They are within close proximity of Nottingham Rugby Football Club, Nottingham Forest Football Club and Nottingham County Cricket Ground. Basement: 32.9 sq m / 354 sq ft In addition to the above, we understand there are three residential units arranged over the first and second floors. The position as regards VAT is reserved at all times and interested parties are advised to seek independent advice in relation to the matter. Description The Globe Method of Sale The properties comprise a restaurant and Public House, the latter currently trading as The Globe and the other now vacant but formerly Nawab Indian Restaurant. Ground Floor: 151.031 sq m / 1,626 sq ft The site is to be sold by Private Treaty. First Floor Function Room: 81.146 sq m / 873 sq ft In the main, the properties are of a typical vernacular brick built Victorian construction arranged to provide basement, ground and two upper levels under a combination of both hipped and flat roofs with felt and slate coverings. Basement: 88.208 sq m / 949 sq ft All offers should be made in writing marked ‘Strictly Private and Confidential’, for the attention of Mr Victor Ktori and addressed to the Commercial Department, Savills, 9 Fletcher Gate, Nottingham, NG1 1QQ Elevations are a combination of either fair faced or rendered brick incorporating a variety of UPVC double glazed window units. 152 London Road has recently been refurbished to provide attractive accommodation arranged to provide a large ground floor bar/seating area, first floor function room and basement storage, whilst 154 – 156 London Road is derelict. To the rear, The Globe benefits from a surfaced car park/yard. It should be noted that to the south of these properties is the former Texaco Petrol Station, 160 London Road, which has a contiguous boundary and therefore forming part of the Island Site. This is available by separate negotiation. Nawab Tenancy Information The Globe is currently let to Great Northern Inns Limited under a lease dated 27 July 2007 for a term of three years at a rental of £15,000 per annum. The tenant is currently holding over. Tenure The Globe Offers are sought in the region of £200,000. Offers should be for a fixed sum and not related to any other offer and should include: ■■ Name and address of the purchaser, with a summary of track record. ■■ Proof of funds available for the Freehold subject to the above occupational tenancy. Services Services are understood to be connected. However, interested parties should satisfy themselves as to their suitability and capacity for future use. Legal Costs Each party to be responsible for their own legal costs in relation to this transaction. NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright purchase. licence number 100024244 Savills (L&P) Limited. Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Savills Nottingham 9 Fletcher Gate Nottingham NG1 1QQ 0115 934 8050 savills.co.uk Victor Ktori Tel: 0115 934 8171 Email: [email protected] Emme Haycock Tel: 0115 934 8024 Email: [email protected]