Freehold Development Opportunity (with part let to Betting Office)
Large Public House and Betting Office arranged on extensive site
Approximately 11,486 sq ft on site of 1.08 acres
Of interest to Owner Occupiers, Developers and Investors with Change of Use and Redevelopment Potential
Mixed Commercial and Residential Location
Majority Vacant (with part let to Betting Office)
Lot 64
Auction 13th July 2017
Rent £6,000 per Annum Exclusive
Status Sold
Price £230,000
Sector Development
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Stonegate Pubs
Property Information
Location
Miles
10 miles west of Warrington, 15 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A56, A553, M56 (Junction 12)
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is located in a predominantly residential area on the the southern side of Stone Barn Lane, which leads to Palace Fields Avenue, which connects to the A533. Runcorn Shopping Centre and Trident Retail Park are less than 1/2 mile away, with occupiers including Asda Superstore, Cineworld, TK Maxx, Aldi, Boots the Chemist and McDonald’s. Halton General Hospital is less than 200m away.
Tenure
Freehold.
Location
Miles
10 miles west of Warrington, 15 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A56, A553, M56 (Junction 12)
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is located in a predominantly residential area on the the southern side of Stone Barn Lane, which leads to Palace Fields Avenue, which connects to the A533. Runcorn Shopping Centre and Trident Retail Park are less than 1/2 mile away, with occupiers including Asda Superstore, Cineworld, TK Maxx, Aldi, Boots the Chemist and McDonald’s. Halton General Hospital is less than 200m away.
Tenure
Freehold.
Description
The property comprises a large public house arranged over ground and first floors and a separate betting office arranged on the ground floor only, located in the car park. The property benefits from a large car park and a site area of 1.08 acres.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large public house arranged over ground and first floors and a separate betting office arranged on the ground floor only, located in the car park. The property benefits from a large car park and a site area of 1.08 acres.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Reversion
Ground
First
Public House/Bar Function Room/Ancillary Ancillary/Managers Accommodation
768.93 sq m
227.04 sq m
(8,277 sq ft)
(2,444 sq ft)
VACANT (1)
-
-
-
Ground
Betting Shop
71.10 sq m
(765 sq ft)
E. COOK, P. COOK, D. COOK & D. COOK t/a M Cook Bookmakers
20 years from 29/09/2000 (2)
£6,000
28/09/2020
Total
1,067.04 sq m
(11,486 sq ft)
(1) Please note that the property is currently trading but is to be sold as a closed site with Vacant Possession on completion of the sale. (2) The lease is contracted outside of the Security of Tenure Provisions of the Landlord & Tenant Act 1954. NB: Please note that fixtures and fittings will be removed from the property by the seller prior to completion - please see Special Conditions of Sale.
