Savills | Level, 2 Rylands Street, WA1 1EN | Properties for sale
0.06 Ac(0.02 Ha)
Excess of £425,000

Level, 2 Rylands StreetWA1 1EN

  • Freehold

Key features

  • Freehold Bar Investment
  • Let to Priory Inns Northwest Ltd
  • Current rent £37,120 per annum
  • Let on a lease until 2027
  • Business unaffected by sale
  • Site area of approximately 0.06 acres
  • We are seeking offers in excess of £425,000 (8.73% Gross Initial Yield)

Freehold Bar Investment

About this property

  • Description
    The Property comprises a three storey semi detached building of brick elevations, partially rendered, beneath a pitched slate covered roof.
    The are no associated external trading areas.

    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 £425,000 (8.73% 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
    The trading accommodation is over ground and first floor levels providing a late night bar. There are customer toilets on both floors so the trading areas can be separated for functions. The second floor is unused except for storage.

    Tenure
    The Property is held freehold.
    The entire Property is let on a 10 year lease to Priory Inns Northwest Ltd commencing 29th September 2017. Current rental of £37,120 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 town of Warrington, Cheshire. Warrington is 18 miles south west of Manchester and 20 miles east of Liverpool. The M6, M56 and M62 motorways surround the town.
  • Level is situated fronting Rylands Street, off Bridge Street, in Warrington town centre. Bridge Street is known as the main leisure circuit in the town centre. The locality is commercial in nature with a variety of licensed and late night operators.

Energy performance

EPC Rating is E (105)

Available space

Floor / UnitTypeSizeStatus
Unit (Whole site)-0.06 AcresComing Soon