Barker Gate
Nottingham NG1 1JU
Ice House · Retail Property For Sale

The premises comprise a ground floor bar and restaurant with further accommodation at mezzanine level with rear servicing and a front patio for outside customer seating. Seeking offers in excess of £915,000, which reflects a net initial yield of 6.2% and with the minimum uplift in October 2021 to a rent of £70,000, a reversionary yield of 7.25%. Equivalent yield of 7% and Equivalent Yield Quarterly in Advance of 7.3%. The subject investment is located within Nottingham, a commercial hub within the East Midlands region. The city is well served by public transport with national rail links to London, and an extensive tram (NET) network. The M1 motorway is situated to the west with junction 24, 25 and 26 providing good access into Nottingham The property is situated immediately adjacent to Nottingham's premier events venue, Motorpoint Arena and National Ice Centre, which has a capacity of up to 10,000. The Arena is home to the Nottingham Panthers who play in the Elite Hockey League, and hosts a strong programme of events including Michael McIntyre, Elton John, Kylie Minogue, Dancing on Ice, Peter Kay, Ed Sheeran and Justin Beiber. The property also benefits from its location in the Creative Quarter which is a collaborative project promoting creative enterprise, creative people and creative places. Hockley lies adjacent which has a thriving day and night economy with a vibrant mix of shops, bars and restaurants