Townley Hotel, Albert StreetBeswick, Manchester, M11 3QW

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.

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.