Restaurant/cafe for sale in Bold Street, Liverpool L1

£1,800,000 (£213.03/sq. ft)
Interested in this property? Call +44 151 382 8098 * or Request Details

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Restaurant/cafe for sale

785 sq. m*

Property features

  • New 15 year lease
  • Successful trading store established over 12 years
  • Within arguably the best independent retail/food/trading position in Liverpool
  • Price: £1.8 million
  • Net Initial Yield : 7.09% (after allowing purchasers’ costs).
  • Total income : £135,000 per annum
  • Trading over four floors 785m2 (8450 sq ft)
  • External Seating & Substantial full height glazed frontage

Property description

The property was originally built circa 1828 as a chapel and rebuilt in 1850 with the upper floors understood to be called Queens Hall and used for entertainment purposes. The building benefits from a substantial full height glazed frontage at ground floor level and full height glazed columns at first floor level with glazed tiles providing a period unique building with large open plan footprint trading areas and one of the iconic buildings on Bold Street. Internally the premises benefits from four floors and has a lift access and rear stairwell and the upper floors may be self-contained as there is a separate entrance onto Bold Street.


Location


The property is located within the vibrant Bold Street within Liverpool City Centre. Bold Street provides a wealth of restaurants, bars, and niche retailers with excellent pedestrian foot flows within a well-established trading location of mainly independent regional chains and some national multiples. Central Station and Liverpool One shopping district are situated close by along with the Ropewalks district, China Town and the University districts. The property is located on a central position of Bold Street with nearby occupiers including Ellis Brigham Outdoor Wear, La Parrilla Mexican Tapas, Mowgli, Utility Giftware, Fat Hippo, Greek Taverna and a mix of many more independent restaurants and niche retailers. The property is also close to the fact Centre, main drinking circuits, including Concert Square with one of the main nightlife, live music, bars and also a wealth of aparthotels, student accommodation, all within a short walk from this central City Centre premises.


Rateable value


The premises have a current Rateable Value of £87,000


Planning


The property benefits from A1 Retail, A3 Restaurant, A4 Bar
Uses in accordance with Use Classes Order and Town and Country Planning Acts, update to Class E uses.


Tenure


The property is held freehold.


Tenancies


The entire building will be let to Leaf on a new 15 year Fri lease at a commencing rental of £135,000 per annum. A draft lease has been prepared and can be provided to prospective purchasers.

Property info

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

Arrange Viewing

For more information about this property, please contact
JO Real Estate Ltd, L3 on +44 151 382 8098 * (local rate)

Contact JO Real Estate Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by JO Real Estate Ltd, and do not constitute property particulars. Please contact JO Real Estate Ltd 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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