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NOTTINGHAMSHIRE - 8.5 ACRE FOOTBALL GROUND, BOWLS GREEN AND SOCIAL CLUB

Newark, Nottinghamshire, NG24 3BU

Asking Price Nil Premium
Leasehold Price £1
Tenure Leasehold

Description

NEW LEASE AT NIL PREMIUM to include the value of the remaining fixtures and fittings. Freehold offers invited, price on application. TERM: For a term of 40 years LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954 ASSIGNABILITY: Assignable subject to Landlord's approval RENT: Annual rent paid monthly in advance Year 1: £45,000 Year 2: £55,000 Year 3: £65,000 Year 4: £75,000 RENT REVIEWS: Every 5 years in conjunction with annual RPI (capped at 5% and collared at 2.5%). REPAIR LIABILITY: Full repairing and insuring lease agreement. TIE: Free of all trade ties. INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent. VAT: Please note that VAT will be payable on the rent. LICENCE: A licence must be obtained via the local district council; a named/designated licence holder for the premises must be provided who must comply with the prescribed Licensed Premises Conditions and Regulations. GUARANTOR: A Guarantor will be included within the agreement and must provide a full AML and financial status report. ADDITIONAL CONDITIONS: The ingoing Tenant will need to involve Sport England, The Football Association and The National Lottery. All communications from the same must be disclosed to the Landlord. All negotiations subject to covenant strength. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

Location & Situation

EXTERNAL Entrance to the property via Hawton Lane which gives access to a double gated driveway which includes security floodlighting and security guard booth/kiosk. Full-sized football pitch. Space adjacent for a full-sized training pitch. Single storey Groundsman's shed which includes an office with two 'up and over' garage doors either side. (This building is surrounded by lawned areas which could be utilized as extra training space). The full plot measures approximately 8 acres. CLUBHOUSE BAR (Detached brick building with tiled roof, single storey). Side/entrance leading into an open plan function/bar area which includes part wooden dance floor/part carpet flooring and access to Male and Female WCs. Behind the main bar servery are security shutters and a stainless steel sink and drainer, as well as access to a ground floor cellar with external barrel door. CHANGING ROOMS HOME shower rooms/WCs and changing rooms. AWAY shower rooms /WCs and changing rooms. BOWLS PAVILLION Wheelchair ramp access to inner hall/entrance hall. Access to both male and female WCs. Kitchen with central heating boiler. Shower room. Open plan Jubilee/viewing room. Two professional sized bowling greens with fencing surround. Storage shed.

Details

Property Type
Club/Social Club, Other Leisure Businesses

SidneyPhillips

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