Copper City

Beschreibung

A former bank premises, the property is a large two to three storey character corner building of brick and stone construction under a pitched tiled roof. Internally, the public areas consist of a ground floor, upper and lower mezzanine dining area with high vaulted ceilings with bar serveries on each floor. There is an additional function room on the first floor with a bar servery. The 2nd floor area, which is in need of refurbishment, provides owner's/manager's accommodation in addition to storage space.

Lage

Copper City occupies a prominent corner position on the junction of Market Street and Upper Parliament Street. A prime high footfall location in the city centre, situated opposite the Theatre Royal and Royal Concert Hall, acting as a prime pre-theatre destination. The Cornerhouse, Nottingham’s largest leisure and entertainment destination with Cinema, Adventure Golf and a large Roxy Ball Room are also within a 2-minute walk The nearby Market Square, which is the heart of Nottingham city centre holds regular outside events including the annual Winter Wonderland Christmas Market. Nottingham Trent University is located 3-minute walk to the north and The Ropewalk is located a 5 minute walk west, where there is significant number of office space. The city of Nottingham has a population of approximately 315,000 and an urban population of 730,000. The city benefits from two universities and is the home of major companies such as Boots, Speedo, and Experian. It is also widely regarded as the regional capital of the East Midlands.

Erdgeschoss

The ground floor trading area boasts a generous and welcoming bar area that enables a wide variation of layouts from being an open bar area for casual drinkers or a more formal seating area that could lend itself to be changed during various parts of the day depending on trade requirements. The corner plot entrance ensures a grand aesthetic and introduces you to the vast trading area with vaulted ceilings, with 2 mezzanines trading areas visible from the moment you walk in.

Ausstattung und Inventar

We have been informed the trade fixtures and fittings at present in the property will be included in the sale with the exception of any company branded items.

Außenbereich

• Side access from Upper Parliament St for deliveries and refuse.

Betreiberwohnung

Arranged on the second floor, there is managers accommodation in need of full refurbishment with one reception room, one bedroom and a bathroom.

Das Objekt

Copper is a brand known and loved by the local population, founded in 2015, taking over the old nightclub and offering beer, cocktails and wines, along with high quality food as an all-day venue. By 2019, there were four venues across the city, under its instantly recognisable branding. The business focuses on the all-day trade, opening 7 days a week from 10am until late, catering for various customer bases through the day attracting a wide customer base. Offering a variable food and drinks menu covering brunch, lunch, tea and dinner. The function room is also regularly booked out for a wide range of requirements. The location, plus overall size and flexibility of the trade spaces would suit a wide range of operators, from small local multi-unit operators, through to national operators looking to expand their geographic profile across the country.

Personal

The business is operated by five full time and 11 part time staff as and when required. Full time staff include a General Manager, Assistant Manager and Head Chef.

Operative Daten

Trading accounts provided to us show for the financial year ending March 2024 a turnover of £697,000 net of VAT with a gross profit of 68%. The current trade split is approximately 60% wet sales and 40% food sales.

Öffnungszeiten

The business currently operates Monday and Tuesday 10am to 9pm, Wednesday and Thursday 10am to 11pm, Friday and Saturday 10am to midnight and Sunday 10am to 8pm.

Besitztitel

Freehold.

Grundsteuer

Rateable value £16,500 with effect from 1st April 2023.