Guide price
£415,000
Restaurant for salePromenade, Blackpool FY4
About this property
Renaissance Style, Licenced Restaurant with Substantial Private Accommodation plus 2 Separate Tenanted Units
Units with potential to generate an Additional Income of 30,000 per annum
50 Covers with Forecourt Seating for 60
South Shore, Blackpool
Superb Promenade Location
Close to Pleasure Beach, Entertainments and Amenities
Family Business Established 1985
In Lovely Order Throughout
Summary
For sale via secure sale online bidding - terms and conditions apply.
We are delighted to offer a rare opportunity to purchase this fabulous Renaissance style sea front Property on the Vibrant South Promenade, comprising of licensed restaurant with a separate self contained apartment, forecourt with seating and 2 tenanted units.
This substantial 3 storey property is situated on Blackpool's busy South Promenade within close proximity to the Pleasure Beach, entertainments and amenities. The family run business is currently trading as a licenced Italian restaurant, originally established in 1985 and operating on a seasonal basis. The restaurant has 50 covers with additional forecourt seating for 60 covers. There are 2 separate detached units on the forecourt which can generate an income of 30,000 per annum, and have had the same vendors for the last 20 years.
Viewing is highly recommended
Please note we have not inspected the property.
Location
Sea front Property situated on Blackpool's busy South Promenade within close proximity to the Pleasure Beach, entertainments and amenities.
Accomodation
Ground Floor
Entrance leading to:
Main Restaurant. Fabulous open plan feature Dining Room with Bar and
separate seating area. The Bar has a range of pumps and optics.
Toilet.
Kitchen with a full range of catering equipment and utensils to cater for all guests.
First Floor Apartment
Lounge with Sunlounge and access to the roof terrace.
Kitchen with full range of wall and base units and combi boiler.
Understairs storage.
Toilet.
Double Bedroom with fitted wardrobes.
Bathroom comprising 3 piece suite with telephone shower to the bath.
Storage cupboard.
Exterior: Enclosed small yard to the rear with staff toilet.
Forecourt with seating for 60 plus 2 tenanted units
Tenure
Freehold. Title number LA434125
Rateable Value
Current rateable value (1 April 2023 to present)
6,100
Sourced from voa
EPC
We currently await a copy of the EPC
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
We are delighted to offer a rare opportunity to purchase this fabulous Renaissance style sea front Property on the Vibrant South Promenade, comprising of licensed restaurant with a separate self contained apartment, forecourt with seating and 2 tenanted units.
This substantial 3 storey property is situated on Blackpool's busy South Promenade within close proximity to the Pleasure Beach, entertainments and amenities. The family run business is currently trading as a licenced Italian restaurant, originally established in 1985 and operating on a seasonal basis. The restaurant has 50 covers with additional forecourt seating for 60 covers. There are 2 separate detached units on the forecourt which can generate an income of 30,000 per annum, and have had the same vendors for the last 20 years.
Viewing is highly recommended
Please note we have not inspected the property.
Location
Sea front Property situated on Blackpool's busy South Promenade within close proximity to the Pleasure Beach, entertainments and amenities.
Accomodation
Ground Floor
Entrance leading to:
Main Restaurant. Fabulous open plan feature Dining Room with Bar and
separate seating area. The Bar has a range of pumps and optics.
Toilet.
Kitchen with a full range of catering equipment and utensils to cater for all guests.
First Floor Apartment
Lounge with Sunlounge and access to the roof terrace.
Kitchen with full range of wall and base units and combi boiler.
Understairs storage.
Toilet.
Double Bedroom with fitted wardrobes.
Bathroom comprising 3 piece suite with telephone shower to the bath.
Storage cupboard.
Exterior: Enclosed small yard to the rear with staff toilet.
Forecourt with seating for 60 plus 2 tenanted units
Tenure
Freehold. Title number LA434125
Rateable Value
Current rateable value (1 April 2023 to present)
6,100
Sourced from voa
EPC
We currently await a copy of the EPC
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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