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Promenade, Blackpool, Lancashire, FY4 1AR

Guide Price
£415,000

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
SIZE

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SECTOR

Restaurant for sale

Key features

  • Renaissance Style, Licenced Restaurant with Substantial Private Accommodation plus 2 Separate Tenanted Units
  • Units with potential to generate an Additional Income of £30,000 per annum
  • 50 Covers with Forecourt Seating for 60
  • South Shore, Blackpool
  • Superb Promenade Location
  • Close to Pleasure Beach, Entertainments and Amenities
  • Family Business Established 1985
  • In Lovely Order Throughout

Description

For sale via secure sale online bidding – terms and conditions apply.

We are delighted to offer a rare opportunity to purchase this fabulous Renaissance style sea front Property on the Vibrant South Promenade, comprising of licensed restaurant with a separate self contained apartment, forecourt with seating and 2 tenanted units.
This substantial 3 storey property is situated on Blackpool’s busy South Promenade within close proximity to the Pleasure Beach, entertainments and amenities. The family run business is currently trading as a licenced Italian restaurant, originally established in 1985 and operating on a seasonal basis. The restaurant has 50 covers with additional forecourt seating for 60 covers. There are 2 separate detached units on the forecourt which can generate an income of £30,000 per annum, and have had the same vendors for the last 20 years.

Viewing is highly recommended

Please note we have not inspected the property.

Location

Sea front Property situated on Blackpool’s busy South Promenade within close proximity to the Pleasure Beach, entertainments and amenities.

Accomodation

Ground Floor
Entrance leading to:
Main Restaurant. Fabulous open plan feature Dining Room with Bar and
separate seating area. The Bar has a range of pumps and optics.
Toilet.
Kitchen with a full range of catering equipment and utensils to cater for all guests.
First Floor Apartment
Lounge with Sunlounge and access to the roof terrace.
Kitchen with full range of wall and base units and combi boiler.
Understairs storage.
Toilet.
Double Bedroom with fitted wardrobes.
Bathroom comprising 3 piece suite with telephone shower to the bath.
Storage cupboard.
EXTERIOR: Enclosed small yard to the rear with staff toilet.
Forecourt with seating for 60 plus 2 tenanted units

Tenure

Freehold. Title number LA434125

Rateable Value

Current rateable value (1 April 2023 to present)
£6,100
Sourced from VOA

EPC

We currently await a copy of the EPC

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Promenade, Blackpool, Lancashire, FY4 1AR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool South Station0.3 miles
  • Blackpool Pleasure Beach Station0.7 miles
  • Squires Gate Station1.4 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 495130. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*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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