51-53 YORKSHIRE STREET, BURNLEY, BB11 3BW

Quick Summary

Property ID
5881
Category:
Investment
Area:
1295 sq ft

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Property Description

  • Extensively refurbished sports bar let to an established Tenant.
  • Prominent roadside location in near proximity to Burnley Football Club, TK Maxx and Charter Walk Shopping Centre.
  • Attractively presented bar and seating area finished to an excellent standard.
  • Gross income of £18,200 per annum

LOCATION

The property is situated on the edge of Burnley town centre occupying a corner position at the junction of Yorkshire Street and Plumbe Street.  Fronting Yorkshire Street, the property  has the benefit of a good level of passing traffic  and is within near proximity to Burnley Football Club.

DESCRIPTION

The property comprises a detached public house which has undergone an extensive refurbishment in 2019. The accommodation is arranged over 2 floors, comprising a bar and seating area on the ground and first floors together with male and female WC facilities to the ground floor. Externally there is a covered smoking area to the rear of the premises.

ACCOMMODATION

Ground floor:

Bar area,

Male and female WC’s,

Cellar/beer store

60.9 sq.m ( 657 sq.ft)

First floor:

Bar/seating area               59.2 sq.m  ( 638 sq.ft)

GIA:                                 123 sq.m   (1,295 sq.ft)

SERVICES

The property has the benefit of all mains services.

SERVICES RESPONSIBILITY

It is the ingoing purchaser’s responsibility to verify that all Appliances, services and systems are in working order and are of adequate capacity and suitable for their purpose

TENANCY

The property is let to an experienced operator by way of a 5 year lease with effect from August 2019 at a passing rent of £18,200 per annum. A copy of the lease is available upon request.

BUSINESS RATES

We are informed by the Valuation Office Agency website that the property has a Rateable Value of £11,500 per annum 2020/21

PRICE

Offers in the region of £140,000.

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred.

EPC

An Energy Performance Certificate is available upon request.

VAT

All prices quoted are exclusive of but may be subject to VAT at the prevailing rate.

VIEWING

Petty Chartered Surveyors

Imperial Chambers, Manchester Road

Burnley, BB11 1HH

Tel. 01282 456677

[email protected]

www.pettycommercial.co.uk