The property, which has recently undergone rebranding and a major refurbishment programme, is situated in the popular suburb of Thornton- Cleveleys, some 4.5 miles north of Blackpool town centre. The property occupies a prominent corner location at the eastern end of the Victoria Road West retailing pitch, adjacent to the Victoria Hotel and within close proximity to Sainsbury’s.
Tenure
Freehold.
Location
Miles
4.5 miles north of Blackpool town centre,18 miles north-west of Preston, 69 miles west of Leeds
The property, which has recently undergone rebranding and a major refurbishment programme, is situated in the popular suburb of Thornton- Cleveleys, some 4.5 miles north of Blackpool town centre. The property occupies a prominent corner location at the eastern end of the Victoria Road West retailing pitch, adjacent to the Victoria Hotel and within close proximity to Sainsbury’s.
Tenure
Freehold.
Description
The property comprises a ground floor public house with a manager’s four bedroom flat on the first floor. The site extends to approximately 0.37 hectares (0.93 acres) with a large car park for around 80 cars.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor public house with a manager’s four bedroom flat on the first floor. The site extends to approximately 0.37 hectares (0.93 acres) with a large car park for around 80 cars.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First First
Public House Residential Plant Store
1,270.8 sq m 144.6 sq m 53.5 sq m
(13,679 sq ft) (1,555 sq ft) (577 sq ft)
MITCHELLS & BUTLERS RETAIL LIMITED (t/a The Tramway Public House) (1)
35 years from 25/12/1998 until 24/12/2033 on a full repairing and insuring lease (2)
£135,000
25/12/2018 and five yearly
Totals
1,468.9 sq m
(15,811 sq ft)
£135,000
(1) Established in 1898, Mitchells & Butlers are one of the largest operators of restaurants, pubs and bars in the UK trading under brands including O’Neills, Harvester, Toby Carveries and All Bar One. (www.mbplc.com 24.02.2016) The Tramway is part of Mitchells & Butlers Sizzling Pubs Group which has over 200 locations nationwide (www.sizzlingpubs.co.uk 24.02.2016). For the year ending 26th July 2015, Mitchell’s & Butlers Retail Limited reported a turnover of £1,627,000,000, pre-tax profits of £118,000,000 and a total net worth of £3,116,000,000. (Source: Experian Group: 16/02/2016) (2) The lease provides an option to determine on 24th December 2023.
Contacts
Seller's Solicitors
Reeds Solicitors Broadgate Tower, 20 Primrose Street London EC2A 2RS
