Town Hall Tavern, 93 Wellington Road South, Stockport, SK1 3SL | Property for sale | Savills
0.03 Ac(0.01 Ha)
Excess of £226,000(6 832 956 CZK)

Town Hall Tavern93 Wellington Road South, Stockport, SK1 3SL

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to a private individual
  • The Property is arranged over ground, basement and first floors
  • Current rent of £17,284 per annum
  • We are instructed to invite offers in excess of £226,000 (7.5% NIY)
  • Lease expires December 2033
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI
  • Business unaffected by sale

Freehold public house investment for sale let until December 2033 at a rent of £17,284 per annum

About this property

  • Description
    The property comprises the ground, basement and first floor of a two storey end of terraced building with partially painted brick elevations beneath a pitched roof.

    Accommodation
    Ground Floor: The ground floor provides an open plan trading area with bar servery to the rear and seating over two levels for 40 customers. Ancillary areas include customer WC's.

    Basement: Cellar and stores

    First Floor: The first floor comprises living accommodation which includes a kitchen, bathroom, living room and two bedrooms.

    Externally: There is an enclosed service yard at the rear of the property.

    Tenure
    The Property is held freehold (Title Number GM567433).

    Tenancy
    The entire Property is let to a private individual on a 10 year lease from 18 December 2023 at a current rent of £17,284 per annum which is subject to a five yearly open market review and annual uncapped RPI increase. A rent deposit of £4,196 is held by the landlord.

    Planning
    The Property is not listed however, it is situated within Town Hall Conservation Area.

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

    EPC
    B-50

    Terms
    We are instructed to invite offers in excess of £226,000 (7.5% NIY) assuming the usual purchasers costs.

    Fixtures and Fittings
    The fixtures and fittings are currently owned by the occupational tenant.

    Money Laundering
    Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Local information

  • Located in the town of Stockport in Greater Manchester, 6.3 miles (10.1 kilometres) south of Manchester city centre and 12.0 miles (19.3 kilometres) north of Macclesfield.
  • The Town Hall Tavern is situated fronting Wellington Road South in a predominantly commercial area with national fast food operators, such as McDonalds, Subway and Dominos a short distance north up Wellington Road South.