Commercial Property for saleBar Eleven, New Road, Stourbridge, DY8 1PH
Guide Price* £250,000
- A Spacious Freehold Town Centre Bar, Club and Live Music Venue considered suitable for variety of alternative uses or redevelopment subject to the appropriate planning permission
- We understand that the property is Freehold and vacant possession will be given upon completion.
For Sale By Auction on 8th December 2016
A Spacious Freehold Town Centre Bar, Club and Live Music Venue considered suitable for variety of alternative uses or redevelopment subject to the appropriate planning permission
We understand that the property is Freehold and vacant possession will be given upon completion.
The property which we understand was originally the Stourbridge Conservative Club, comprises a spacious traditional mostly two storey detached building of brick construction with part rendered and painted elevations beneath pitched and flats roofs.
Currently configured to provide on the ground floor two bar areas, club room/music venue with stage, green room and DJ booth, ladies, gents and disabled WC's and beer cellar. On the first floor there is a former sound/recording studio, office, two rooms, rest room, WC's and kitchen area.
The property is considered suitable for a wide variety of alternative uses or redevelopment subject to obtaining the appropriate planning permission.
The property occupies a prominent position fronting New Road which forms part of the Stourbridge ring road close to its junction with the A491 Hagley Road.
The property is situated within Stourbridge town centre opposite the Police Station, with the main commercial, shopping and leisure amenities all within close proximity.
* Definition of Guide Prices
The guide price is an indication of the seller’s reserve price and is given to assist prospective purchasers. It is usual, but not always the case, that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable price (reserve) would fall. Please note the reserve price will not exceed the top end of the guide price but the actual sale price can exceed the guide price. On occasions the sale price does exceed the guide price significantly.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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