Bar/Nightclub in Newcastle under Lyme
53 Ironmarket, Newcastle under Lyme ST5 1PE
- Lot No: 86
- Property Type: Bar/Nightclub
- Contract Type: Unconditional with Variable Fee
Guide Price* £245,000+ plus fees
The property comprises a former four storey up market bar in a prime location and upon inspection was in a good general condition. We feel this could realistically be re-opened with very minimal work to provide food and drinks or change of use with planning approval. The property is sold subject to an Occupational Lease for a term of 12 Months from 01 July 2021. Please see legal pack for full details. The Ground Floor comprises a double frontage fully glazed which leads into the bar and seating areas. There is a spiral staircase at the front to the upper floors. To the rear are male and female WCs and access to the internal fire escape with an approximate NIA: 2,125 sq. ft. The First Floor comprises an attractive spiral staircase and a circular bar and seating area; (both situated to the front section of this property), and to the rear is the main seating area behind a curved glass partition with the male and female WCs with an approximate NIA: 2,125 sq. ft. The Second Floor comprises A seating area with WCs, along with access to the third floor plant room and a fire escape exit to the rear along with a fully fitted commercial kitchen and stores approximate NIA: 2,125 sq. ft. Basement: This is accessed via the stairs (underneath the staircase), and provides storage and barrel access via a lift from Market Lane. NIA: 2,125 sq. ft.
8,500 sq. ft.
The premises are located at the corner of Ironmarket and Market Lane in Newcastle-Under-Lyme town centre. Ironmarket is one of the main shopping streets in the town centre. Within the immediate vicinity are a number of national retailers including New Look, Scott, Greggs, JD Sports, Vodafone, Costa Coffee and CEX.
We are advised that VAT will be chargeable on this transaction.
The property is sold subject to an Occupational Lease for a term of 12 Months from 01 July 2021. Please see legal pack for full details.
- Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
Date 30th September 2021
Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
If you have any questions, call our team on 0345 222 0197