Commercial Property
An exciting opportunity to purchase a recently refurbished two storey (plus basement) building extending to approximately 328 Sq.M. (3530 Sq.Ft.). The property is situated in a prominent and affluent location and is still trading as a bar until sale completion as the Taps and Wine Bar affording an excellent opportunity for either an existing leisure and hospitality user or investor. As part of recent high specification renovations, the building benefits from a ground floor bar and a high quality first floor restaurant dining area with a commercial kitchen. Additionally there is a large basement area spanning the footprint of the building and quality W.C. facilities. Externally there is a seating area to the front of the property. The main ground floor bar area has seating for over 55, the first floor restaurant can hold 44 covers and the external beer garden area has seating for over 30.
The property fronts onto the corner of Chorley Road and Higher Walton Road on the main A6 road in a prominent trading location approximately half a mile south of Preston in the desirable village of Walton-Le-Dale. It is served by two main bus routes from Preston to Bolton and Preston to Blackburn. The immediate surrounding area is a mixture of residential and commercial properties. A number of amenities and facilities are available locally including shops and schools whilst junction 30 of the M61/M6/M65 motorway networks are just a short drive away. It is also served by a Public Car park to the rear of the property.
This is an opportunity to walk in and take over a successfully run bar well known for its choice of 25 draught beer lines of craft & continental beers, real ales, fine wines & numerous gins and the potential to drive huge growth by fully utilising the first floor restaurant area and kitchen. Ideally suited to an ambitious chef with investor backing. Sale is due to the current owners retirement.
Viewing is highly recommended.
Accommodation:
Ground Floor:
Bar / Seating area
Male and Female WCs, accessible toilet.
Wheelchair access to entrance.
First Floor:
Restaurant Dining Seating Area
Accessible WC
Commercial Kitchen
Leasehold (Virtual Freehold - 885 years remain) £1 per annum rent. The legal pack does not include leasehold sale pack or freehold title. Prospective buyers are to note the special conditions of sale in this respect, in particular clauses (g) and (h) and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold. Vacant possession upon completion.
£1
885
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.8% of the purchase price inc. VAT.
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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