No longer on the market
This property is no longer on the market
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MapBar and nightclub
Auction
Bar and nightclub
Features and description
- Tenure: Freehold
- A Mid Terrace Four Storey Bar & Restaurant Subject to a Lease Producing £24,000 Per Annum (Rising to £27,500 in 2024). Potential for Redevelopment (Subject to Obtaining all Relevant...
Please refer to auctioneer for more informationGuide Price = £230,000+
*For Sale By Online PublicAuction 19th April 2023 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Mid Terrace Four Storey Bar & Restaurant Subject to a Lease Producing £24,000 Per Annum (Rising to £27,500 in 2024). Potential for Redevelopment (Subject to Obtaining all Relevant Consents).
Tenure
Freehold
Location
The property is situated in the heart of Carlisle city centre. Nearby multiples include Boots and Pizza Express. The open spaces of Britts Park are within easy reach. Transport links are provided by Carlisle rail station.
Description
The property comprises a mid terrace bar/restaurant arranged over lower ground, ground and three upper floors.
Accommodation
Lower Ground Floor
Cellar (263 sq ft)
Ground Floor
Bar Area (879 sq ft)
First Floor
Dining Area (358 sq ft)
Second Floor
Storage Area (561 sq ft)
Attic
Storage Area (376 sq ft)
GIA approx 226 sq m (2,437 sq ft)
Accommodation
Tenancy
The property is let on an FRI lease for a term of 5 years commencing 17th January 2021 at a rent of £24,000 per annum rising to £27,500 in January 2024. The current tenants have indicated that they would be happy to surrender their lease if needed for redevelopment purposes.
Note
The property has not been inspected by Auction House London. All information has been extracted from a valuation report supplied by the vendor.
Note
There are no internal viewings
Addendum
Please note that this property is subject to a Buyers Premium of 1.5% + VAT. This is in addition to the buyer's admin fee of £1,200 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
*For Sale By Online PublicAuction 19th April 2023 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Mid Terrace Four Storey Bar & Restaurant Subject to a Lease Producing £24,000 Per Annum (Rising to £27,500 in 2024). Potential for Redevelopment (Subject to Obtaining all Relevant Consents).
Tenure
Freehold
Location
The property is situated in the heart of Carlisle city centre. Nearby multiples include Boots and Pizza Express. The open spaces of Britts Park are within easy reach. Transport links are provided by Carlisle rail station.
Description
The property comprises a mid terrace bar/restaurant arranged over lower ground, ground and three upper floors.
Accommodation
Lower Ground Floor
Cellar (263 sq ft)
Ground Floor
Bar Area (879 sq ft)
First Floor
Dining Area (358 sq ft)
Second Floor
Storage Area (561 sq ft)
Attic
Storage Area (376 sq ft)
GIA approx 226 sq m (2,437 sq ft)
Accommodation
Tenancy
The property is let on an FRI lease for a term of 5 years commencing 17th January 2021 at a rent of £24,000 per annum rising to £27,500 in January 2024. The current tenants have indicated that they would be happy to surrender their lease if needed for redevelopment purposes.
Note
The property has not been inspected by Auction House London. All information has been extracted from a valuation report supplied by the vendor.
Note
There are no internal viewings
Addendum
Please note that this property is subject to a Buyers Premium of 1.5% + VAT. This is in addition to the buyer's admin fee of £1,200 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.
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