BOX Property Acquire BOX Sports Bar

Acting on behalf of a private pension & investment fund, BOX Property Consultants have acquired 11-15 Pelham Street and 1-3 Thurland Street, Nottingham.

This long let leisure investment is located in an attractive former banking hall and comprises 16,000ft² of accommodation over 4 floors. The property is let in its entirety to Arc Inspirations Limited (trading as Box Sports Bar) on a new 25 year lease, producing a total income of £200,000 per annum.

Ben Tebbutt, director at BOX Property Consultants, comments “We are delighted to have acquired one of Nottingham’s finest Watson Fothergill designed buildings.

Our history with this particular building goes back a number of years, having agreed past lettings to All Saints and Bravissimo then purchased the building for the previous owners, Avignon Capital.

Now home to Box Sports Bar, part of the Arc Inspirations Group, a 21 strong chain which includes the Manhatta and Banyan Formats.

Great to work with Ben Simpson and Jacob Ziff, at Clifton Agency who acted on behalf of the vendors.”