41 Mount Street, Nottingham, Nottinghamshire NG1 6HE

A freehold commercial unit extending circa 4,427 Sq. Ft. located along Mount Street and offered with vacant possession upon completion.

Formerly the 4,550 miles from Delhi, the property remains fitted as a restaurant arranged over 3 levels.

The main customer entrance is from Maid Marian Way, having bar and reception area, leading to a raised floor having the main restaurant and kitchen areas. There are approx. 100 covers.

The first floor could be used for additional restaurant or conversion to alternative uses, subject to planning.

Location
Located on the corner of Mount Street and the A6008 Maid Marian Way Nottingham, close to its junction with Upper Parliament Street. The property is situated in a highly prominent position, within walking distance to the West of the city centre, close to the business district as well as a number of restaurant and leisure uses.

Tenure
Freehold. VAT is applicable.

Planning
The premises have been used as a restaurant (Use Class E) for about 20 years, and a public house prior to that. Interested parties should satisfy themselves with respect to their proposals for the property.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.5% inc. VAT of the purchase price

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.