Freehold Nightclub/Bar Opportunity with Change of Use/Redevelopment Potential
Approximately 1,327 sq m (14,284 sq ft)
Of interest to owner occupiers, developers and investors with change of use potential
Potential to redevelop entire or upper parts (subject to consents)
Nearby occupiers include several bars and nightclubs, banks and national retailers including Sports Direct
Lot 37
Auction 4th April 2019
Rent £5,600 per Annum Exclusive
Status Sold
Price £250,000
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Stonegate Pub Company
Property Information
Location
Miles
11 miles south of Leeds
24 miles north of Sheffield
Roads
A650, A642, A638, M1, M62
Rail
Wakefield Westgate, Wakefield Kirkgate
Air
Leeds Bradford Airport
Situation
The property is situated in a central location on the north side of Westgate, close to its junction with the pedestrianised Silver Street, near The Ridings Shopping Centre which houses retailers including Morrisons, Boots the Chemist and Holland & Barrett. Other nearby occupiers include Sports Direct, Subway, Costa, various banks and several bars and nightclubs.
Tenure
Freehold.
Location
Miles
11 miles south of Leeds
24 miles north of Sheffield
Roads
A650, A642, A638, M1, M62
Rail
Wakefield Westgate, Wakefield Kirkgate
Air
Leeds Bradford Airport
Situation
The property is situated in a central location on the north side of Westgate, close to its junction with the pedestrianised Silver Street, near The Ridings Shopping Centre which houses retailers including Morrisons, Boots the Chemist and Holland & Barrett. Other nearby occupiers include Sports Direct, Subway, Costa, various banks and several bars and nightclubs.
Tenure
Freehold.
Description
The property comprises a large four storey building with a bar/nightclub on the ground floor and ancillary accommodation at basement (cellar), first and second floors. The property is sold subject to licences for car parking for about 5 cars to the rear.
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 large four storey building with a bar/nightclub on the ground floor and ancillary accommodation at basement (cellar), first and second floors. The property is sold subject to licences for car parking for about 5 cars to the rear.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
New 6 year lease agreed (not completed) with tenant option to determine at year 3
£3,800 (2)
Rear
Car Parking
-
(-)
FIRST CHOICE RECRUITMENT LTD
Licence from 08/02/2017 determinable on 1 month’s notice
£1,800
Total
1,327.00 sq m
(14,284 sq ft)
£5,600 (2)
(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. Please note that the fixtures and fittings will be removed from the property prior to completion - please see Special Conditions of Sale. (2) The current lease to Ramsdens Solicitors expired on 5th February 2019 and the current rent is £3,400 per annum. The lease renewal is currently in solicitors hands.
