2 Bedroom Flat for sale in North West, England for GBP £150,000

CIRCUIT BAR
with mainly weekend wet trade. Spacious 2 bedroom flat. Takings circa £8,800 per week Excellent limited hours high turnover operation. Leasehold going concern.

LOCATION
Whitehaven is a Georgian harbour town situated on the west coast of Cumbria with a population of around 25,000. The Lake District National Park lies just a few miles inland and the neighbouring town of Workington is about 6 miles to the north. The M6 motorway at Penrith is approximately 40 miles to the east via the A595 and A66 trunk roads. A station on the coastal rail line links the town with the west coast main line. Major retailers in the town include Woolworths, Dorothy Perkins, Superdrug, Boots, Dixons, Burtons, WH Smith, and Bon Marche. North is situated at the corner of George Street and Duke Street on the one-way system on the left hand side as you enter Whitehaven town centre from the north.

DESCRIPTION & ACCOMMODATION
North is a detached Public House which operates as a popular late night weekend bar with spacious first floor living accommodation and a small beer garden area to the rear. The accommodation includes:-

Ground Floor

ENTRANCE LOBBY;

OPEN-PLAN BAR
(16m max x 14m max) recently refitted with a mix of high and low back leather fixed and loose seating for 50 to 55, disco stand and dance floor, open timber fronted and topped bar servery, flat TV screen, timber and tiled floor.

2 sets of Ladies and Gents Toilets; Disabled Toilet.

First Floor

LANDING
with access from internal stairs;

LIVING ROOM
(3.62m x 6.07m);

LIVING/STORE ROOM
(5.20m x 5.96m);

KITCHEN
(4.96m x 2.21m);

BEDROOM 1
(2.10m x 3.50m);

BEDROOM 2
(2.94m x 3.50m);

BATHROOM.

Outside
Seating Area with 4 benches.
Access to beer cellar and parking for 1/2 cars.

All references to areas and dimensions are deemed to be approximate.

RATES

Description in list:
Public House & Premises

Rateable Value:
£20,250

Rate in the £ (07/08): 0.444

Council Tax:
Band A

The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.

SERVICES
We are advised that mains water, electricity, gas and drainage are connected to the property. The property has gas-fired central heating. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

FIXTURES & FITTINGS
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.

TENURE
The property is held on a 10 year lease from 1 June 2006 from Marstons PLC at an initial rent of £35,000 per annum subject to annual increases to the Retail Price Index and 5 yearly reviews.

Note that these are the main extracts from the lease as a guide only and a purchaser/ tenant must satisfy himself of all provisions by inspecting a copy of the lease.

‘You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk. ‘

COSTS
The purchaser/ ingoing tenant will be expected to pay the landlord’s and lessees reasonable legal costs in connection with the assignment of the lease. Each party will bear it’s own costs in connection with the transfer of the business.

THE BUSINESS
North operates as a wet trade only mainly weekend bar venue opening from 6pm to 2am Thursday, Friday and Saturday. We are advised that takings for the 12 months to June 2007 will be in the region of £420,000 net of VAT including one month of closure when the bar was refurbished. Full accounts will be made available to bona fide applicants, normally after viewing.

VAT & STAMP DUTY
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.

VIEWING
Strictly by appointment with the sole agents, PF&K Commercial.
Tel. 01768 862135.
Fax 01768 892101.
E-mail. commercial@pfandk.co.uk
Date 02/07/07.