The property is situated in the fashionable Lace Market Quarter in the city centre, close to the prime retail area of The Market Square. The property benefits from its proximity to the Lace Market leisure circuit with nearby occupiers including All Bar One, Pitcher & Piano, Lizard Lounge and the Lace Market Hotel. In addition, the property is well connected being a short walk from all the city centre amenities, the state of the art tram system, bus station and mainline train station.
Leasehold. Long Leasehold. Held for a term of 125 years from 25/12/1999 at a peppercorn rent.
The property is situated in the fashionable Lace Market Quarter in the city centre, close to the prime retail area of The Market Square. The property benefits from its proximity to the Lace Market leisure circuit with nearby occupiers including All Bar One, Pitcher & Piano, Lizard Lounge and the Lace Market Hotel. In addition, the property is well connected being a short walk from all the city centre amenities, the state of the art tram system, bus station and mainline train station.
Leasehold. Long Leasehold. Held for a term of 125 years from 25/12/1999 at a peppercorn rent.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail and ancillary accommodation over ground floor and basement, forming part of an attractive larger period building.
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Bar and Nightclub Bar, Nightclub and Ancillary |
273.59 sq m 273.59 sq m |
(2,945 sq ft) (2,945 sq ft) |
BLUU LTD (Subsidiary of Marstons plc (1) |
25 years from 14/03/2001 until 2026 |
£60,000 | 13/03/2016 and 5 yearly |
| Totals | 547.18 sq m |
(5,890 sq ft) |
£60,000 | ||||
(1) Bluu Ltd has sublet the property to Unique Nightclubs Ltd. Bluu is a premium food and late night venue group operated by the Pitcher & Piano management team and is part of the managed pub division of Marston’s plc.(Source: www.marstons.co.uk). In addition Bluu operate from outlets in London, Birmingham and Manchester. (Source: www.bluu.co.uk)
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