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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
The owners have consistantly rented out the building over the last 16 years The last rent achieved was £35,000 per annum
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.
Building uses, nightclub/bar, restaurant, live music and entertainment venue or if the purchaser wishes other uses subject to planning
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
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.
Electric, water, Gas and mains drainage are connected.
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
From online enquiry we understand the premises are assessed for rating purposes to a rateable value of £20,500.
Freehold free of all ties .
We are seeking offers in the region of £335,000
VAT is not charged. Or applicable
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.
For more information about this property, please contact Scott Property Development, WF3 on +44 1924 765868 * (local rate)
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