Pub/bar for sale in Bank Street, Wakefield WF1

Offers in region of £335,000 (£55.49/sq. ft)
Pub/bar for sale 6,037 sq. ft*
Interested in this property? Call +44 1924 765868 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Freehold investment For sale owner retiring
The building has the benefit of a full premises licence No PL0456 registered with Wakefield Council Licensing dept, suiting an owner operator or making it desirable to rent

Rental income


The owners have consistantly rented out the building over the last 16 years The last rent achieved was £35,000 per annum

Description


The property comprises a former warehouse converted in 2003 by a national brewery at a cost of £410,000 to form a nightclub/bar
The building is in good decorative order and can be trading immediately
The trading area contains 2 fully equipped bars with a central stage, dance area etc There is a back of house office and cellar which opens to a delivery & bin yard off Bank St.

Versatile


Building uses, nightclub/bar, restaurant, live music and entertainment venue or if the purchaser wishes other uses subject to planning

Development potential


If desired the purchaser can split the building into 3 business Units and with removal of the decking will allow 6 car parking spaces and a rental for the 3 units
around £48,000 rental per annum subject to change of use

Outside terrace/decking area


Rare and unique outside drinking and smoking area 720 Sq Ft of south facing terrace area

Location


The building is situated approximately 40 yards south of Westgate, abutting White Horse Yard and linking with Albion Court.
The area has, in the last decade, developed as a thriving off shoot to the traditional Westgate pub circuit. The property is in close proximity to Wakefields most popular nightclubs and bars, The west of the property fronts Bank St and overlooks a large public car park and other leisure and live entertainment venues To the east the property abuts White Horse Yard overlooking a wide range of bars and nightclubs.

Services


Electric, water, Gas and mains drainage are connected.

Accommodation


The property is single storey and occupies the whole of the site providing the following internal areas:
Main Bar 2420 sq ft
Lounge bar 754 sq ft
Office, stores 829 sqft
Toilets & boiler room 754 sqft
Outside decking area South Facing 1280 sqft
total 6037 sq ft

Rates


From online enquiry we understand the premises are assessed for rating purposes to a rateable value of £20,500.

Tenure


Freehold free of all ties
.

Price


We are seeking offers in the region of £335,000

VAT


VAT is not charged. Or applicable

EPC


An energy performance has been commissioned and a certificate will be made available shortly.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Scott Property Development, WF3 on +44 1924 765868 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Scott Property Development, and do not constitute property particulars. Please contact Scott Property Development for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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