26-28 Market St 23,186 SF Retail Building Nottingham NG1 6HW $3,693,882 CAD ($159.32 CAD/SF) 8.70% Cap Rate

The property is located in the city centre of Nottingham, on Market Street, just south of Nottingham Trent University and east of the University of Nottingham, which together have a student population of over 60,000. It sits approximately 50 yards from the Theatre Royal and Royal Concert Hall, a major cultural venue with a combined capacity of 3,634 and year-round footfall. It is also close to The Cornerhouse, a popular leisure complex featuring a multi-screen cinema, bars, and restaurants. The site benefits from excellent connectivity, positioned on Nottingham’s main tram line. Revolution is situated in the heart of the leisure circuit in Nottingham with nearby operators including Be at One, Cosy Club, Lloyds No.1 Bar (JD Wetherspoon), The Loxley (Stonegate) and a number of independent bar and restaurant operators.
Prime Investment In The Centre of Nottingham, Freehold Guide Price of £2 Million, representing an 8.7% NIY The five storey terrace building is arranged over lower ground, ground, first, second and third floors with exposed stone and brick elevations beneath a multi pitched tiled roof.
Freehold public house investment Entire property let to Revolucion De Cuba Limited with The Revel Collective Plc as Guarantor Property arranged over four levels extending to 23,186 sq ft (2,154 sq m) Current Rent of £185,000 per annum Rent review in 28 August 2025 Lease expiring 2043 Recent tenant investment of £150,000 Low Capital value rate of £86.25per sq.ft The rent is subject to 5 yearly rent reviews in line with open market rent.
Offers in excess of £1,950,000 (8.93% NIY) based upon the rent passing of £185,000pa The property is held freehold (Title number NT12906) Cellar - The cellar comprises multiple storage rooms, a beer store, and a reserved stock area, ideal for back-of-house operations and inventory management. Lower Ground Floor - The lower ground floor offers further storage and preparation areas and features a commercial kitchen. This level also includes multiple male and female toilet facilities, as well as a staircase providing access to the upper floors. Ground Floor - The ground floor is split into two main sections. The primary area is a large open-plan space with a main bar running along one elevation, complemented by a spacious hall with high ceilings and multiple access points. The secondary area includes an additional room fitted with fixed booths and a disabled toilet. First Floor - The first floor features two bars, fixed seating throughout, and additional male and female toilet facilities. Second Floor - This level consists of several rooms of varying sizes, currently used as back of house for office, meeting and storage space. Third Floor - Again this space provides back of house accommodation and provides additional rooms including dedicated space for utilities and tanking system.
Freehold. The property is let to Revolucion De Cuba Limited with guarantee from Revolution Bars Group PLC on a 25 year FRI lease from 26th August 2015 to 28th August 2043 with a break on 27th August 2032. The rent passing is £185,000 p.a. and is subject to five yearly rent reviews on an upwards only basis in which are reviewed based on an open market rent.
The Revel Collective Plc, formerly known as Revolution Bars Group Plc, is a prominent operator of premium bars and pubs across the United Kingdom. Established in 1991, the company has grown to encompass approximately 60 venues, employing around 2,300 individuals nationwide. In 2024, the company rebranded to The Revel Collective Plc, reflecting its expanded portfolio and diversified offerings. The group's estate comprises 62 sites, including 22 Peach Pubs, 15 Revolución de Cuba bars, 27 Revolution bars, and one Founders & Co. location. Website - https://www.therevelcollective.com/ This property is a Grade II listed building (1254782) and within the Nottingham Conservation Area.