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UNDER OFFER

Townley Hotel, Albert Street, Beswick, Manchester, M11 3QW

Offers in Excess of
£555,000

£60.67 per sq. ft.

Business rates & charges may apply

Savills, Manchester - Licensed Leisure
SIZE AVAILABLE

9,148 sq. ft.

(850 sq. m.)

SECTOR

Pub for sale

Key features

  • Freehold Public House Investment
  • Open Plan Lounge and Public Bar
  • First Floor Living Accommodation
  • Close to Eithad Stadium
  • Let to A Carroll & P Carroll
  • Current rent £51,168 per annum
  • Let on a lease until 2027
  • Business unaffected by sale
  • Site area of approximately 0.21 acres
  • We are seeking offers in excess of £555,000 (9.21% Gross Initial Yield)

Property description

Tenure: Freehold

Description
The Property comprises a detached two storey public house of brick elevations beneath a pitched tile covered roof.
There are beer patios to the front and rear with car parking for five vehicles to the side.

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

Location
The Property is located in the residential area of Beswick, two miles to the east of Manchester city centre.
The Townley Hotel is situated in a residential area close to the A6010 and A662. The Etihad Stadium, home to Manchester City football club, is less than half a mile from the public house.

Terms
We are instructed to invite offers in excess of £555,000 (9.21% 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
Traditional open plan trading accommodation providing areas for both informal socialising and pub games activities. The single bar servery extends into a small function room to the rear. Ground floor kitchen and cellar. Extensive first floor living accommodation with three bedrooms.

Tenure
The Property is held freehold. The entire Property is let on a 10 year lease to A Carroll & P Carroll commencing 17th March 2017. Current rental of £51,168 per annum, subject to annual RPI linked rental increases and five yearly open market reviews.

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 nor within a Conservation Area.

Covenant
Established operator.

Rateable Value
The subject Property is listed within the 2017 Rating List with a rateable value of £4,800.

Brochures

Townley Hotel, Albert Street, Beswick, Manchester, M11 3QW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Holt Town0.5 miles
  • Ashburys Station0.6 miles
  • New Islington Tram Stop0.7 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 24319-1. 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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