The Tramway 165 - 169 Victoria Road West Thornton - Cleveleys Blackpool FY5 3LB

The Tramway
165 - 169 Victoria Road West
Thornton - Cleveleys
Blackpool
FY5 3LB

Freehold Public House Investment

Recently Refurbished Public House Let to Mitchells & Butlers Retail Limited until 2033 (subject to option)
Prominent corner position fronting the busy Victoria Road West
Approximate site area of 0.37 hectares (0.93 acres) with parking for approximately 80 cars
Future development opportunities (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
53
Auction
23rd March 2016
Rent
£135,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Public House Investment

Recently Refurbished Public House Let to Mitchells & Butlers Retail Limited until 2033 (subject to option)
Prominent corner position fronting the busy Victoria Road West
Approximate site area of 0.37 hectares (0.93 acres) with parking for approximately 80 cars
Future development opportunities (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 53
Auction 23rd March 2016
Rent £135,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Public House
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 4.5 miles north of Blackpool town centre,18 miles north-west of Preston, 69 miles west of Leeds
Roads: A585, A587, M55 (Junction 3)
Rail: Cleveleys (Blackpool Tramway), Poulton-le-Fylde Rail
Air: Blackpool Airport

Situation

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
Roads: A585, A587, M55 (Junction 3)
Rail: Cleveleys (Blackpool Tramway), Poulton-le-Fylde Rail
Air: Blackpool Airport

Situation

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

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.