Eldon Chambers, 2-3 Wheeler Gate, Nottingham, NG1 2NS

Description

A rare opportunity to acquire a freehold five-storey restaurant extending 2,760 square feet located in Eldon Chambers in the heart of Nottingham City Centre. A rare opportunity to acquire a freehold five-storey restaurant

Accommodation / Key Property Details

• Located next to the popular Old Market Square
• Total floor area of 2,760 sq ft A rare opportunity to acquire a freehold five-storey restaurant extending 2,760 square feet located in Eldon Chambers in the heart of Nottingham City Centre.
• Freehold former 5 storey restaurant
• Excellent transport links, close to Friar Lane Bus Stop
• Friar Lane is the main bus stop in Nottingham City Centre
• A short walk from the main retail centre of Nottingham
• Near a wide variety of national and boutique occupiers
• Nottingham Trent University city campus nearby
• Grade II listed

Location

Eldon Chambers, 2-3 Wheeler Gate, Nottingham, NG1 2NS

Tenure

Freehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.

Auction Information

Investment Analysis

Investment Snapshot

Market Comparables

The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.

Proposed Works

HB desktop allowance: £27,000. Confirm scope through inspection, survey and contractor/QS pricing.

Rental Value

No passing/ERV figure extracted from source particulars. No unsupported market rent has been presented as achieved income.

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases/licences, rent collection, repairing obligations, VAT/business rates, service costs, covenant strength, access and title. ERV is not the same as achieved rent.

Maximum Bid Indicator

Capitalise verified sustainable income at an appropriate yield and deduct buyer premium, works, legal/professional, finance, holding, contingency and required return. SDLT/tax treatment is buyer-specific.

Strategy Recommendation

Income hold/value-add where passing rent and covenant support it; redevelopment only where planning/title evidence supports the alternative use.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★☆☆ | Development: ★★☆☆☆

Key Risks

Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.

Analysis Confidence

High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.