Investment Properties for sale in Failsworth

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Polly Franey (July 2015)
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Freehold Price: £330,000 Price Reduced
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Business Description
Superb Canal Side Location With Patio
Four Storey Premises
Can Be Converted For Multiple Uses (Restaurant/Apartments)
Genuine Reason For Sale
£20,000 pa Rental Income potential for 50% increase
EPC Rating - D

Blacks Brokers are delighted to market this excellent bar premises which are located in Failsworth, Manchester and occupy an attractive canal side and main road location opposite the Town Hall and Library and a short distance from the M60 motorway with access for Greater Manchester and Cheshire, and also great commuter routes to central Manchester. The area is popular for its pubs and bars with several nearby making it an evening entertainment destination. Whilst called a wine bar it has three floors of bars with dancing and DJ facilities plus a further floor for toilets and staff facilities. The bar has been beautifully converted from a former cotton mill and is a Grade 2 listed building with excellent decor and fittings. The property currently generates a rental income of £21,600 per annum from club 'four o nine'..

Other businesses nearby include a Tesco superstore, Morrison’s, Aldi and KFC with substantial supporting car parks. There is also an ultra modern Health Centre and modern apartment buildings. Nearby pubs include The Crown & Cushion, Royal Oak, The Church, Wagon & Horses, The Anglers and The Bay. The Failsworth Pole and St Johns Church are also nearby in this attractive and popular part of Manchester which features the Rochdale Canal and a sympathetic marriage of old and new property bordering this historic waterway.

As mentioned the premises have been superbly converted for the purpose. The property which includes air conditioning and central heating comprises a main entrance from Oldham Road leading to the first floor and main bar and featuring an attractive carved bar front. The second floor has ladies and gents toilets with additional toilet facilities and staff facilities with heating boiler and storage provision. The third floor is a superb function room or restaurant. The lower ground floor features another bar with access to a canal side patio which is owned by British Waterways. There are also beer cellar facilities on this floor. The bars all feature air conditioning and central heating and have DJ facilities as well as linked purpose made sound systems providing individual or all building music.

This fantastic opportunity has become available following the death of a joint owner and because of the surviving partner's family commitments. Blacks Brokers consider that this is a rare opportunity to purchase beautifully prepared and substantial club/bar premises with massive potential and in a popular area and stunning canal side location. Please contact our helpful staff to arrange a viewing.

Fixtures:
DJ Facilities, Central Heating, Air Conditioning Units, Bars With Optics and Beer Lines, Bespoke Sound Sytem Facilities Linked for Individual Floor Use or All Building Use, Full Beer Cellar Facilities With Coolers and Ice Banks, CCTV
Tenure: Freehold

Accommodation Details:

Lower Ground Floor - Bar, Cellar and Storage Facilities. Canalside Patio Access First Floor - Main Entrance at Ground Floor With Cloak Room, DJ Booth, Main Large Bar and Store Cupboard. Second Floor - Ladies and Gents Toilets With Additional Toilets, Staff Toilets and Changing, Store Rooms. Third Floor - Large Bar and Function Room or Restaurant, DJ booth, Office and Stores

Location Details: Failsworth

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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