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Town Hall Tavern, 93 Wellington Road South, Stockport, SK1 3SL

Offers in Excess of
£226,000

£162.12 per sq ft

Business rates & charges may apply

Savills, Manchester - Licensed Leisure
SIZE AVAILABLE

1,394 sq ft

129 sq m

SECTOR

Pub for sale

Key features

  • Freehold public house investment
  • Entire property let to a private individual
  • The Property is arranged over ground, basement and first floors
  • Current rent of £17,284 per annum
  • We are instructed to invite offers in excess of £226,000 (7.5% NIY)
  • Lease expires December 2033
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI
  • Business unaffected by sale

Description

Description
The property comprises the ground, basement and first floor of a two storey end of terraced building with partially painted brick elevations beneath a pitched roof.

Location
Located in the town of Stockport in Greater Manchester, 6.3 miles (10.1 kilometres) south of Manchester city centre and 12.0 miles (19.3 kilometres) north of Macclesfield.

The Town Hall Tavern is situated fronting Wellington Road South in a predominantly commercial area with national fast food operators, such as McDonalds, Subway and Dominos a short distance north up Wellington Road South.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with bar servery to the rear and seating over two levels for 40 customers. Ancillary areas include customer WC's.

Basement: Cellar and stores

First Floor: The first floor comprises living accommodation which includes a kitchen, bathroom, living room and two bedrooms.

Externally: There is an enclosed service yard at the rear of the property.

Tenure
The Property is held freehold (Title Number GM567433).

Tenancy
The entire Property is let to a private individual on a 10 year lease from 18 December 2023 at a current rent of £17,284 per annum which is subject to a five yearly open market review and annual uncapped RPI increase. A rent deposit of £4,196 is held by the landlord.

Planning
The Property is not listed however, it is situated within Town Hall Conservation Area.

VAT
It is envisaged that the Property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
B-50

Terms
We are instructed to invite offers in excess of £226,000 (7.5% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Brochures

Town Hall Tavern, 93 Wellington Road South, Stockport, SK1 3SL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stockport Station0.2 miles
  • Davenport Station1.1 miles
  • Heaton Chapel Station1.6 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 200034-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Manchester - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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