ADDED INGREDIENTS TO CITY’S LEISURE OFFERING


July 3, 2014

Leisure News

MORE restaurants are moving into Nottingham’s flourishing leisure quarter which is continuing to attract high profile names to the city. 

Nottingham-based property agent FHP Property Consultants has completed the letting of three premises in Queen Street and King Street.  These will see the names of Wildwood, Bill’s and George’s added to the choice of eating out places for diners in the area close to the Old Market Square which has been dubbed the city’s ‘Restaurant Triangle’.

“These lettings show the strength of the leisure market at present and the renewed faith in increasing consumer spending as we exit the recession” said FHP director Alan Pearson.

The unit at 18 King Street has been let to Tasty Plc trading as Wildwood which offers a range of freshly prepared food including grills, pizza and pasta. Tasty have taken a 25 year lease at £67,000 per annum.  It will be Wildwoods 20th opening.

A 20-year lease has been secured at £70,000 per annum on 15 Queen Street with the rapidly expanding Bill’s Restaurant chain promising ‘Breakfast to Bedtime’ dining. It is their 43rd restaurant. Bills are installing a mezzanine as part of the fit out.

At 13 Queen Street, George’s has taken a 25 year lease at £70,000 per annum for its first city based restaurant serving traditional fish and chips with a contemporary twist.  The 140 seat restaurant will feature interiors that capture all that is great about Britain with booths designed to look like beach huts and a unique gin bar.

“Both 18 King Street and 13 Queen Street went to best bids which is further evidence of the strength of this particular sector in Nottingham” Alan added.

Andrew Constantinou of George’s commented, “Nottingham has a winning combination of a great bar and restaurant scene mixed with thriving business and student communities so we knew it was the right place for us to open our first city centre venue”.

“The restaurant celebrates all that is ‘great’ about Britain – it’s heritage, food and culture – so in addition to working on a menu full of freshly prepared dishes, we’ve also spent a lot of time ensuring the venue will look the part and create a fun and vibrant atmosphere in every way.”

These latest lettings come on the back of another successful deal concluded by FHP a year ago which brought Mexican restaurant Barburrito into 22 King Street, with another national restaurant chain already under offer on a unit in the vicinity.

“We are seeing a rapid change of emphasis in this area of the city from retail to leisure” Alan observed. “It is leading to the creation of a new leisure quarter in Nottingham City Centre which draws on the attraction of the nearby Old Market Square and the numerous events staged there throughout the year.  It also draws from the nearby theatres, the Cornerhouse and the prime shopping area of Clumber Street and Intu Victoria Centre.  It is an exciting time of the Nottingham Leisure market with the completion of these three lettings and the opening of the Intu Victoria Centre Catering Quarter, comprising of an additional twelve restaurants next summer”.

For further information with respect to these letting or for marketing advice, please contact Alan Pearson of FHP Property Consultants on 07876 396 005 or alan@fhp.co.uk.

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