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LANCASHIRE - BOUTIQUE COCKTAIL BAR IN HIGH STREET POSITION

Preston, Lancashire, PR1 0AD

Asking Price POA
Leasehold Price £104,995
Tenure Leasehold

Description

LEASEHOLD £104,995 to include goodwill, fixtures and fittings. Stock at valuation in addition.  The Property is held on a full repairing and insuring lease for a term of ten years, commencing December 2021. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £1,166.66 per calendar month with an additional monthly maintenance charge of £80. The lease is free-of-tie. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

Location & Situation

16 On The Hill occupies the ground floor in a two-storey end terrace property in a busy high street location. It is apparent that the business has been well invested in, both internally and externally: it is beautifully furnished throughout with modern décor and has a well-appointed outdoor searing area. It briefly comprises: TRADE AREAS OPEN-PLAN TRADE AREA with tile floors, perimeter, booth and loose seating for 30 and an 'L' shaped BAR SERVERY which is well-equipped with undercounter refrigeration units, beer pumps, optics and a PREP AREA. The trade area is stylishly decorated and furnished with no expense spared; it has a chic and contemporary interior which includes feature and neon lighting and bifold doors leading on to the trade patio. To the rear of the trade area is a SNUG with perimeter and loose seating for 10. PREP KITCHEN/ON LEVEL CELLAR to rear of building. Please note that the first floor of the building comprises separate, private accommodation which is unrelated to (and excluded from) the leasehold sale. EXTERNAL Well-appointed TRADE PATIO with loose seating for 30. Metal pergola surrounded by wooden planters and equipped with heat lamps. One parking space to the side of the property.

Details

Property Type
Restaurant, Cafe, Public House, Wine Bar

Location

Approximate location — Preston, Lancashire

S SidneyPhillips

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