This property is no longer on the market
Pub
Property description & features
- Tenure: Leasehold
- Auction Guide Price £450,000
- Business and Building
- Bistro / Wine Bar
- Further Details On Request
- Long leasehold (999y from 1871)
Leasehold & Business for Sale
We are proud to present to the market a rare opportunity to purchase this Bistro / Wine bar located in a prime location in Darwen town centre. Artisan Café specialises in the delivery of high quality food along with hot and cold beverages which then morphs into a vibrant live entertainment venue at weekends serving into the early hours , the venue has built an enviable reputation for the go-to place to hold private functions in a safe upmarket environment. Darwen has a very well established and exciting night-time economy with customers heading from all over East Lancashire to enjoy the many bars and restaurants the town has to offer.
The business also benefits from a pavement license which seats 60 guests and is always a focal point of this vibrant town centre in the summer months.
This truly is an excellent opportunity to acquire a profitable business and well located long leasehold property with development potential to further enhance any investment.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Bridge Street, a busy semi pedestrianised street in the town centre of Darwen . The closest bus stop is only 436ft away from the property and the closest train station is Darwen Train Station (0.4 mile). 4.4 miles away is Blackburn Town Centre and 20.8 miles away you can visit Manchester City Centre.
Accommodation
Artisan Cafe is operated from approx 1,975sq ft premises in the busy town centre of Darwen , also included in the sale is a second property approx 1,570sq ft which is currently being utilised as storage and benefits from a separate entrance. A key area of expansion for the business would be the development of the first floor, which could be used for either additional seating or would make a great private function room or maybe split into offices .
Business Details
Full business accounts are available on request but as a brief nett profit in 2020 accounts registered with companies house was £ 49k and 2021 accounts although not yet submitted are showing EBITDA profits of circa £ 90k , the business continues to trade profitably through the current cost of living crisis .
Additional Comments
Darwen has recently been awarded over £ 100 million as part of the government “ town deal “ initiative which will directly benefit the future business and property value as investors and commuters take advantage of the relatively low property prices in a town that is benefiting from direct central and local government investment .
Tenure
Long leasehold of 999 years from 20th May 1871. Title number LA555198
EPC
Available Upon Request (Rating D).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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