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Dog & Doublet, North Street, Wolverhampton, WV1 1RE

Offers in Excess of
£350,000

£160.70 per sq. ft.

Business rates & charges may apply

Savills, Manchester - Licensed Leisure
SIZE AVAILABLE

2,178 sq. ft.

(202 sq. m.)

SECTOR

Pub for sale

Key features

  • Freehold Bar Investment
  • Rear External Terrace
  • First & Second Floor Staff Accommodation
  • City Centre Location
  • Let to S Westwood
  • Current rent £28,003 per annum
  • Let on a lease until 2024
  • Business unaffected by sale
  • Site area of approximately 0.05 acres
  • We are seeking offers in excess of £350,000 (8% Gross Initial Yield)

Property description

Description
The Property comprises a three storey mid terraced building of brick construction. To the rear is a small decked area for 15 customers.

Viewings
All viewings must be arranged strictly by appointment with the sole selling agents Savills.

Location
The Property is located in Wolverhampton, a city and Metropolitan Borough in the West Midlands. Wolverhampton is situated off the M54 and M6 motorways, 14 miles north west of Birmingham.

The Dog & Doublet is situated fronting North Street in the city centre. The immediate locality is commercial in nature with surrounding leisure and late night venues. To the nearby Queen Square is the Mander Centre shopping centre.

Terms
We are instructed to invite offers in excess of £350,000 (8% Gross Initial Yield).
The business will continue to trade unaffected from the premises during the marketing of the Property and post completion of the sale.

Accomodation
Open plan ground floor bar with single bar servery. Fixed booth seating with exposed brick walls and timber flooring. First floor storage and office. Three bed living accommodation to the second floor. Beer cellar and stores to the basement.

Tenure
The Property is held freehold. The entire Property is let on a 10 year lease to S Westwood commencing 24th February 2014. Current rental of £28,003 per annum, subject to annual RPI linked rental increases.

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

Planning
Our enquiries of the local authority have revealed that the Property is not listed and is within a Conservation Area.

Rateable value
The subject Property is listed within the 2017 Rating List with a rateable value of £62,500.

Brochures

Dog & Doublet, North Street, Wolverhampton, WV1 1RE

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wolverhampton St George's Tram Stop0.3 miles
  • Wolverhampton Station0.4 miles
  • The Royal Tram Stop0.6 miles

Notes

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Disclaimer - Property reference 24313-1. 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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