Olivers Bar

Price:

Leasehold - £100,000
Leasehold - £100,000

Seller Ref:

1640

Location:

Greater Manchester

Business Type:

Commercial Property, Pubs

See Other:

Pubs for sale in Greater Manchester
Other commercial property for sale in Greater Manchester
Pubs for sale in Greater Manchester
Commercial property for sale in Greater Manchester

Description:

THE BUSINESS:

Investment producing GBP13,000 per annum on a 5 year lease. Located in the heart of the towns pedestrianised shopping centre, adjacent to Iceland and O2 and amongst such other multiple retailers as Marks & Spencer, McDonalds, Thomas Cook, T-Mobile, Top Shop and many others. Ashton-Under-Lyne lies on the main A635 under 1 mile east of the M60 (Junction 23) and approximately 5 miles east of Manchester City Centre. A mid terrace building with Ground Floor Entrance leading to a Bar (Free of tie) at Basement Level. Leasehold for a term of 999 years from 2nd March 1977 at a peppercorn ground rent. Ground Floor Stairs to Basement Bar Area Approx 1,950 sq ft plus 3 WCs The property is let on an effectively full repairing and insuring lease for a term of 5 years from 22nd February 2011 at a current rent of GBP13,000 per annum. The lease is a renewal of a previous lease Rent Review August 2013.