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: vktori@savills.com
Emme Haycock
Tel: 0115 934 8024
Email: ehaycock@savills.com