£130,000
(£47.19/sq. ft)
Restaurant for saleTreasury Building, Palmyra Square South, Warrington WA1
2,755 sq. ft
Just added
Freehold
About this property
Unique Opportunity
Fully Fitted
Prime Position in Building
Best Location in Town
Ready for Immediate Trade
Overlooking Queens Gardens
Includes Alfresco Terrace
Currently No. 2 on Trip Advisor
Estimated Rates Payable: £5738.5
Description
The Treasury Building is one of the finest landmark buildings in Warrington, that has been lovingly restored to its former glory by the current Landlord.
The subject property, Vandal Bar/Restaurant, occupies the front left main floor and benefits from its own dedicated entrance at the top of the external stone main entrance stairway.
We are delighted to offer the opportunity to acquire this fully fitted and ready for trade Leasehold restaurant business.
The property comprises a lovely lounge bar/restaurant area, open dining kitchen, wc facilities and external roof terrace.
The premises has a fitted bar, tables, chairs, cutlery, glassware and a fully fitted kitchen and the full list of items included in the sale is attached.
The current trading operation benefits from the following covers:-
Front room and Bar 34. Restaurant 35. Kitchen 16. Out on front terrace 24. Roof terrace 30.
The fully trading business and Lease are available to purchase, enabling turn key trade from day 1. This includes all future bookings, intellectual property and social media, currently appearing second on Trip Advisor.
The current Rateable Value is under £12,000, which means that qualifying small businesses should be zero rated for the time being.
Location
The Treasury Building is situated at the junction of Palmyra Square and Springfield Street, overlooking Queens Gardens within the Cultural Quarter.
The property is situated between the Parr Hall and The Pyramid Art Centre. Golden Square and the retail core and Time Square, the leisure core, are both within 5 minutes walk.
Services
Mains electricity, gas, water and drainage are connected.
Tenure
A new long term lease is available direct from the Landlord at a commencing rental of £55,000 per annum.
VAT
We are advised that the property is not currently registered for VAT.
Purchase Price
The trading business lease and all fixtures and fittings etc is available for a one off premium of £130,000 plus VAT. The full inventory of fixtures and fittings is attached within the brochure.
The Treasury Building is one of the finest landmark buildings in Warrington, that has been lovingly restored to its former glory by the current Landlord.
The subject property, Vandal Bar/Restaurant, occupies the front left main floor and benefits from its own dedicated entrance at the top of the external stone main entrance stairway.
We are delighted to offer the opportunity to acquire this fully fitted and ready for trade Leasehold restaurant business.
The property comprises a lovely lounge bar/restaurant area, open dining kitchen, wc facilities and external roof terrace.
The premises has a fitted bar, tables, chairs, cutlery, glassware and a fully fitted kitchen and the full list of items included in the sale is attached.
The current trading operation benefits from the following covers:-
Front room and Bar 34. Restaurant 35. Kitchen 16. Out on front terrace 24. Roof terrace 30.
The fully trading business and Lease are available to purchase, enabling turn key trade from day 1. This includes all future bookings, intellectual property and social media, currently appearing second on Trip Advisor.
The current Rateable Value is under £12,000, which means that qualifying small businesses should be zero rated for the time being.
Location
The Treasury Building is situated at the junction of Palmyra Square and Springfield Street, overlooking Queens Gardens within the Cultural Quarter.
The property is situated between the Parr Hall and The Pyramid Art Centre. Golden Square and the retail core and Time Square, the leisure core, are both within 5 minutes walk.
Services
Mains electricity, gas, water and drainage are connected.
Tenure
A new long term lease is available direct from the Landlord at a commencing rental of £55,000 per annum.
VAT
We are advised that the property is not currently registered for VAT.
Purchase Price
The trading business lease and all fixtures and fittings etc is available for a one off premium of £130,000 plus VAT. The full inventory of fixtures and fittings is attached within the brochure.
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Monthly repayment
£650 per month
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