25 Warser Gate | Nottingham NG1 1NU
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25 Warser Gate
Nottingham NG1 1NU
Retail Property For Sale
Investment Highlights
- Award winning bar/restaurant situated in the heart of Hockley, Nottingham City Centre’s lifestyle and cultural quarter.
- Licensed for opening between 9.00am and 3.00am seven days a week
- Fully let to Nonagon Ltd (Experian Score 89) part of Fletchergate Industries who operate nine highly regarded bars across Nottingham
Executive Summary
The property is held freehold subject to a 15 year lease expiring on 31st July 2030 to Nonagon Ltd, part of Fletchergate Industries, at a passing rent of £56,723 per annum. The lease is subject to a tenant only break and a rent review to not less than £63,476 per annum in July 2025.
Originally a Victorian Lace Factory, the property comprises a bar and restaurant together with commercial kitchen arranged over four floors which has been fitted out by the current tenant to provide an opulent interior which makes the most of the property’s period features.
The principle entrance is from Hockley’s main thoroughfare, Carlton Street, with a second frontage onto Warser Gate.
Further information on the venue can be found at: www.thehockleyartsclub.com
Originally a Victorian Lace Factory, the property comprises a bar and restaurant together with commercial kitchen arranged over four floors which has been fitted out by the current tenant to provide an opulent interior which makes the most of the property’s period features.
The principle entrance is from Hockley’s main thoroughfare, Carlton Street, with a second frontage onto Warser Gate.
Further information on the venue can be found at: www.thehockleyartsclub.com
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
12,813 SF
Building Class
B
Year Built
1889
Price
£825,000
Price Per SF
£64
Net Initial Yield
6.88%
NOI
£56,723
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
1.28
Lot Size
0.23 AC
Frontage
40 ft on Warser Gate
Amenities
- Security System
- EPC - C
- Storage Space
1 of 10
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