Pub for sale

Metro Bar, 11-13 The Burges, Coventry, United Kingdom, CV1 1HN

Under Offer POA

Property Description

Commercial information

  • Business for sale

Key features

  • City centre location with high footfall
  • Living accommodation arranged on first floor
  • Spacious restaurant & bar area (c.80 covers)
  • Ideal space on second floor for functions
  • Creation of a new free of tie sublease
  • Located 0.4 miles from Coventry University. Energy Rating D

Full description

Tenure: Leasehold

Description

A substantial, three storey terraced building of principally brick construction under a flat roof.

Location

The property is situated within the heart of Coventry City. It is favourably positioned close to several notable landmarks, namely; Coventry University, 0.4 miles away; Coventry Cathedral, less than a mile away; and Ricoh Arena, 3.5 miles away.

The property is easily accessible via several modes of transport. There are frequent bus services which supply the town centre with a bus stop on The Burges directly outside the venue. Additionally, Coventry railway station is located 1.5 miles from the premises and the major road network of the M42, which connects directly to the M6, is less than 10 miles away.

Coventry City Centre has now become an epicentre for both commercial and residential redevelopment schemes. With the influx of foreign students, this is set to continue. Subsequently, The Burges forms part of the next phase of the regeneration project governed by Coventry City Council.

Internal Details

The ground floor briefly comprises:
• Large bar severy with access to a dumb waiter.
• Seating for a minimum of 80 covers.
• Raised entertainment area with a pool table and additional customer seating.

Ancillary areas on the ground floor briefly comprise:
• Disabled WC.
• Separate rear entrance.
• Wash up and glass cleaning area.

The cellar is located on the lower ground floor.

Other Floors

First floor:
• Large commercial kitchen with trade appliances and equipment.
• Ladies & Gents WCs.
• Staff or owners accommodation.
• Office.

Second floor:
• Substantial function room area with its own self contained kitchen, access to the rear and additional areas for storage.

Fixtures & Fittings

To be included in the sale.

Application Process & Lease Terms

A security deposit equivalent to 25% of the final agreed rent will be required. In addition to three months’ rent in advance, and contractual costs, funds will also be required to cover working capital, professional advice and any planned investment. Rent will be stepped on an incremental basis, with reviews to open market rent every five years. The sublease will be on full repairing and insuring terms and assignable after the first two years. Rental concessions may be available to the lessee dependent on the level of investment proposed. Prior to the interview, proof of funding, forecast profit and loss and a detailed Business Plan must be submitted.

Owner's Accommodation

Staff and owners accommodation is located on the first floor, which consists of two double bedrooms, bathroom, self contained kitchen and other areas for storage.

The Opportunity

The Metro presents a rare opportunity for an experienced, entrepreneurial operator to establish a name within the centre of the vibrant and bustling City of Coventry. An ambitious operator, with the right concept, could create a successful business.

Trading Information

The venue is currently closed for trading.

Trading Hours

The venue is currently closed. We are advised that the licensing hours for the venue are as follows:

Monday - Saturday 10:00 - 23:00
Sunday -12:00 - 22:30

Business Rates

The business rateable value is £16,000 per annum effective from the 1 April 2017.


More information from this agent

Nearest stations

  • Coventry (0.6 mi)
  • Canley (1.7 mi)
  • Coventry Arena (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Birmingham

8 Cherry Street, Birmingham, B2 5AL

0121 396 1030 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

  • Coventry (0.6 mi)
  • Canley (1.7 mi)
  • Coventry Arena (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Birmingham

8 Cherry Street, Birmingham, B2 5AL

0121 396 1030 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 5854287-lh. 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 Christie & Co , Birmingham. 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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