For sale
- Stunning Bar/ Restaurant
- Loyal Customer Base
- 6am Licence for Friday and Saturday
- CCTV, Alarm, and Gas Central Heating
- Includes Fixtures and Fittings
- Ideal Current and Future Trading Potential
- Viewing Highly Recommended
- EPC: TBC
A rare opportunity has arisen to acquire a lease assignment of this stunning former restaurant, bar and wedding venue in the centre of the expanding Baltic Triangle area of the city, with its bars, restaurants and developing residential/retail quarter. The venue has become well known as a fantastic venue for any occasion, or a late night music and party venue, with food, drinks, live music and DJs, all of which are popular with its loyal customers and visitors to the city from the UK and many European destinations. All arrangements to view are strictly by appointment through John Brown Estate Agents office or by calling 01744 24341.
Fixtures and Fittings
All fixtures and fittings are to be included except the large LED screen which will be removed. Any items that are owned by a third party or personal to our clients will be exempt.
General
The subject business has the benefit of interior and exterior CCTV, a security alarm system and gas central heating.
Permitted Hours
10.00 a.m. until 02.00 a.m. Sunday to Thursday
10.00 a.m. until 06.00 a.m. Friday to Saturday
THE CLUB IS THE ONLY LICENSED PREMISES IN THE BALTIC TRIANGLE AREA TO
HAVE BEEN GRANTED A 06.00 PREMISES LICENCE ON FRIDAY AND SATURDAY.
John Brown Commercial has not examined any licence documentation, and any future buyer must arrange with their solicitors to verify this information.
EPC
An Energy Performance Certificate is being prepared by our client and will be made available to prospective purchasers in due course.
Tenure
The business has the benefit of a 20-year fully insurable and repairable lease with 8 years remaining. The present rent is £37,400 per annum + VAT with rent reviews every 3 years.
Business rateable value is £20,500
Reason For Sale
The existing tenants are relocating to larger premises.
Agent Notes
Prospective purchasers should make their own enquiries as to the adequacy and present condition of all service installations and related equipment at the property, whether referred to in these particulars. John Brown Commercial for themselves, and the vendors or lessors of this property, whose agents they are give notice that- (1.) The particulars are set out as a general outline only, for guidance to intending purchasers or lessees, and do not constitute either in whole or part of an offer or contract. (11.) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details
are given without responsibility and intending Purchasers or Tenants should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of same. (111.) No persons in the employment of John Brown Commercial have any authority to make or give any representation or warranty whatsoever in relation to this property. All prices are quoted exclusive of VAT unless otherwise indicated.
Property Description
A rare opportunity has arisen to acquire a lease assignment of this stunning former restaurant, bar and wedding venue in the centre of the expanding Baltic Triangle area of the city, with its bars, restaurants and developing residential/retail quarter the Club has become well known as a late night music and party venue with food, drinks, live music and DJs, all of which are popular with its loyal customers and visitors to the city from the UK and many European destinations. All arrangements to view are strictly by appointment through John Brown Estate Agents office or by calling 01744 24341.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items and the tenure. All measurements are approximate and photographs provided for guidance only.
