Auction House London

Lot 88

Pub - Commercial Property 

The Imperial

71B Albert Road, Widnes, Cheshire, WA8 6JS

£275,000+

Guide Price (plus fees)

A Substantial Two Storey Public House Let on a Six Year FRI Lease For £42,000 Per Annum. (The Leaseholder is currently paying a reduced rent of £1,000 per calendar month)

Description

The property comprises a mid terrace building arranged as a public house over ground and first floors.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Victoria Park are within easy reach. Transport links are provided by Junction 7 of the M62.

Accommodation

Ground Floor
Bar with Seating Area
Disabled W/C
(5,023 sq ft)


First Floor
Cellar
Toilets
(1,150 sq ft)

Exterior

The property benefits from a loading bay accessed to the rear of the building

Tenancy

The property is let on a 6 year FRI lease commencing 2nd February 2021 at a rent of £3,500 per calendar month with the rent rising to £4,000 per calendar month in year 3.

Please note the tenant is paying a paying a reduced rent of £1,000 per calendar month and there is a further possibility the property could be offered with vacant possession on completion at the buyers request.

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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*Withdrawn Prior.

Enquire about The Imperial, 71B Albert Road, Widnes, Cheshire, WA8 6JS

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