41 Mount Street, Nottingham NG1 6HE

Description

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.

Accommodation

Reception/Bar: 28.9 Sq. M. (311 Sq. Ft.); Restaurant & Kitchen: 138.4 Sq. M. (1,490 Sq. Ft.); Basement – Dining, Stores, WCs: 89.9 Sq. M. (967 Sq. Ft.); First Floor: 154.2 Sq. M. (1,659 Sq. Ft.).

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 / Property Information

Investment Analysis

No completed-sale comparables, formal valuation or GDV evidence is supplied. The £145,000+ guide implies approximately £32.75 per sq. ft. for the stated 4,427 sq. ft., but this is not a market valuation. The property is vacant, VAT is applicable, and the commercial rental evidence is only an advertised asking rent. Planning, condition, fire/compliance and alternative-use prospects require verification.

Investment Snapshot

Strategy Recommendation

Consider only as a commercial investment or owner-operator purchase after independently verifying the asking rent, condition, VAT exposure, planning position and all special-condition costs. Do not rely on the headline yield as achieved income.

Works Required

No specific defects or refurbishment works are evidenced. The existing restaurant fit-out should be inspected, with condition, fire, building-services and statutory compliance checks completed. Any first-floor alternative use requires planning confirmation.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no GDV, refurbishment budget or refinance valuation is supplied. The 75% GDV refinance and cash-left-in figures are therefore unsupported. Commercial lending, VAT treatment, planning and tenant demand would require separate confirmation.

Buy-to-Let Analysis

At the advertised asking rent of £3,292 pcm, annual rent is £39,504. This indicates a 27.24% gross yield on the £145,000 guide and 26.84% after adding the stated 1.5% buyer premium. These are not achieved rents, and the unit is vacant. The calculation excludes applicable property VAT, unknown special-condition fees, operating costs, voids, finance and tax.

Flip Analysis

A flip surplus cannot be calculated because there is no supported GDV, refurbishment allowance or selling-cost allowance. The first-floor alternative-use potential is expressly subject to planning and cannot be treated as value uplift without evidence.

Investor Risks & Due Diligence

• Vacant possession means there is no passing rental income and a letting or operating void is possible.

• The £3,292 pcm figure is an advertised asking rent, not an achieved rent or formal rental valuation.

• VAT is applicable, but the amount and recoverability are not supplied.

• The property’s condition, statutory compliance and restaurant services have not been evidenced.

• Any alternative use or conversion of the first floor is subject to planning and is unconfirmed.

• Additional fees may be contained in the Special Conditions of Sale and are not quantified.

• No completed-sale comparables or formal GDV evidence are supplied.

Recommendation

Consider only as a commercial investment or owner-operator purchase after independently verifying the asking rent, condition, VAT exposure, planning position and all special-condition costs. Do not rely on the headline yield as achieved income.

Strategy Rating

Analysis Confidence

The guide, floor area, tenure, vacancy, buyer premium and one advertised asking rent are supplied, but there are no completed comparables, formal valuation, achieved rent, works budget, EPC, planning evidence or quantified VAT and special-condition costs.