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Freehold Investment Unique Opportunity For Sale

Tipton, West Midlands, UK
Asking Price:
£174,999
Turnover:
Not applicable
Net Profit:
Not applicable

Development Potential:

The property has potential for re promotion as a public house or
venue and also for development/conversion for a range of
commercial and residential uses.

Use for Housing multiple occupation (HMO) can be obtained by applying to the local council.

Option to apply for A3 Licence to local council to open a restaurant or bar and Grill.

The property, which is currently closed, is prominently located at the junction of Bradleys Lane and Fountain Lane in a busy mixed commercial and residential area a short distance from Tipton Town Centre. There are a number of established businesses in the area and an immediate local catchment area both on Bradleys Lane
and Fountain Lane. In addition the busy A4037 is within 200 yards providing good road communications to the surrounding area.

The property is of mainly 2 storey, but part single storey brick construction with rendered elevations and beneath pitched tiled and flat felted roofs. There are electrically operated security shutters to all doors and windows.

Accomodation:

Open plan L shaped lounge bar with servery, laminate floor, plastered walls, double glazed windows with lobby access to Fountain Lane.
Ladies and Gentlemen's customer lavatories .
In addition there is a further trading area/office with fireplace.
At first floor, the property is laid out to comprise a Function
room with servery, with adjoining former Catering Kitchen and
Single WC.
The beer cellarage is within the basement.
A rear yard is off the main trading area with covered smoking
shelter.

Tenure:

The property is freehold with vacant possession

Services:

We are informed that all mains services are connected to the
property.

Licences:

The property does not hold the benefit of a Premises licence.

Town & Country Planning:

We are informed by Sandwell MBC that the property is not listed
nor in a Conservation area.

Fixtures & Fittings:

There are no fixtures and fittings to be purchased.

Stock in Trade:

The premises are currently closed and there is no stock to be
purchased.

Rating Assessment:

Rateable Value -­ £7000
Under Small Business Rate Relief there are no rates payable until
April 2021

EPC:
An EPC is available for inspection.

Freehold Price - Fixed Price £175,000

Property Information

Property:

Freehold

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