Bar / Nightclub for sale

Hammerton Street, Burnley, Lancashire, BB11

£450,000

Property Description

Key features

  • Landmark Building in established town centre "Leisure" location.
  • Substantial bar area with raised DJ booth.
  • Separate nightclub with independent and internal access.
  • 2 self contained 1 bedroom apartments on second floor.
  • 20 year lease with 5 year breaks.

Full description

LOCATION
The property is situated in the heart of the "circuit" with a number of bars and nightclubs in the immediate surrounding area. Located on the corner of Hargreaves Street and Hammerton Street the property has an excellent double frontage in this busy night time location.
Burnley is located to the north of Manchester a five minute drive from Junction 10 of the M65 motorway and with a population of 227,274 (2001 Census).

DESCRIPTION
This substantial stone built property has been used as a leisure outlet for a number of years and comprises on the ground floor of a substantial open plan bar with two raised seating areas, dance floor and DJ booth.
To the rear of the bar is a glass wash area, there is an electric goods hoist and disabled toilet and lift to the upper floors.
The first floor comprises of a nightclub with both
separate and joint access from the bar below. The accommodation is generally open plan with DJ booth, dance floor, full length bar, glass wash facility, disabled toilets and lift.
The second floor provides toilets for the club, a series of plant rooms, office, staff changing facilities and two one bedroomed self-contained flats.
The basement provides refurbished gents and ladies toilet facilities, an extensive kitchen that is partially fitted but hasn't been used for a number of years, beer cellar, stores and various plant rooms.

ACCOMMODATION
Lower Ground Floor 318.2 sq.m (3,426 sq.ft)
Ground Floor 318.2 sq.m (3,426 sq.ft)
First Floor 318.2 sq.m (3,426 sq.ft)
Second Floor 318.2 sq.m (3,426 sq.ft)
LEASE
The property is let by way of a 20 year full repairing and insuring lease from 2nd November 2016 between Riu Rau Ltd and Macdonald Leisure Ltd. The rent is phased over the first 6 years as follows:

Years 1 to 3 : 25,000 per annum.
Years 4 and 5: 30,000 per annum.
Year 6: 35,000 per annum.

There are rent reviews thereafter at 3 yearly intervals. There is a tenant break clause at the expiration of every 5 years with 6 months notice.

BUSINESS
The tenant Macdonald Leisure Ltd (Company Number 09721110) is an established nightclub operator with other venues in Accrington and a second associated venue in Burnley. They have been operating within this type of business for the last 10 years.

PRICE
450,000 (four hundred and fifty thousand pounds).

LEGAL FEES
Each party is to be responsible for their own legal fees.

VIEWING
Strictly by appointment.

Petty Chartered Surveyors
Imperial Chambers, Manchester Road
Burnley, BB11 1HH

Tel. 01282 456677
commercial@petty.co.uk
www.pettycommercial.co.uk




More information from this agent

Nearest stations

  • Burnley Manchester Road (0.3 mi)
  • Burnley Central (0.4 mi)
  • Burnley Barracks (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petty Estate Agents Ltd, Burnley - Commercial

Imperial Chambers, 32 Manchester Road, Burnley, BB11 1HH

01282 934035 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Burnley Manchester Road (0.3 mi)
  • Burnley Central (0.4 mi)
  • Burnley Barracks (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petty Estate Agents Ltd, Burnley - Commercial

Imperial Chambers, 32 Manchester Road, Burnley, BB11 1HH

01282 934035 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 5383. 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 Petty Estate Agents Ltd, Burnley - Commercial. 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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