Savills | Townley Hotel, Albert Street, Beswick, Manchester, M11 3QW | Property for sale
0.21 Ac(0.08 Ha)
Excess of £555,000

Townley Hotel, Albert StreetBeswick, Manchester, M11 3QW

  • Under offer
  • Freehold

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)

Freehold Public House Investment

About this property

  • 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.

Local information

  • 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.

Energy performance

EPC Rating is C (68)

Available space

Floor / UnitTypeSizeStatus
Unit (Whole site)-0.21 AcresComing Soon