Extraordinary Opportunity at Nottingham’s Victoria Club
9th April 2010
The Geo Akins Group has appointed Ray Valenti of NG Chartered Surveyors to find an occupier for the Victoria Club, one of the finest Listed Buildings in the city centre.
The property is owned by Bildurn Properties which is the Akins family’s development and investment vehicle and together with the Waterstones building on Bridlesmith Gate and The Pod development on Fletcher Gate it counts itself as one of the family’s most prized freehold assets.
Under the auspices of Sir Jesse Boot the building opened as the Reform Club in 1913. The freehold was acquired by George Akins in the late1960’s and he transformed it into the Victoria Club which gained a reputation as one of the finest private members clubs outside London. This reputation was to last for more than two decades. Following a brief period of operation by one of the major international casino groups, Bildurn undertook a multi million pound programme of refurbishment and re-fitting in the late 1990’s. The property was painstakingly restored to its original opulence using materials and craftsmanship of the finest quality and it re-opened as a casino and fine dining venue in 2001.
Having re-focused its activities to concentrate on expanding its property portfolio and its interests in live music entertainment the Group is now looking for an experienced operator in the restaurant and licensed sector to open a new drinking and dining establishment and possibly a casino as well.
Sean Akins, Bildurns’ Managing Director is confident that the property will appeal to a wide cross section of national operators as well as regional and local niche businesses, “The whole property has been re-fitted and re-equipped and it could be made ready to open literally within a week or two. No expense has been spared particularly in the kitchen and restaurant areas where we have installed fittings and equipment only of the finest quality. Similarly the bars and public areas are appointed and furnished to a luxurious standard.”
“This is one of Nottingham’s finest Listed buildings and has quite rightly enjoyed a national reputation over several decades as a social venue and fine dining establishment.” commented Ray Valenti. “No significant capital investment is required because it is ready to open immediately and that will make it highly attractive in this current climate.”
“As to the type of operator we want to ensure that the building is in a safe pair of hands because its reputation going forward is of paramount importance to my clients. One of the so-called “celebrity” operators would be good for the property and good for Nottingham and that is one of the sectors which I am targeting.”