Licensed Leisure The Coronation
King Street, Southport, Merseyside, PR8 1JZ For Sale - REDUCED to £375,000
Prominent town centre pub on busy Southport leisure circuit Large dining area with 70 covers, pool room and lounge Established wet led trade with consistent year round sales Substantial 4 bedroom living accommodation on the first floor
Savills Manchester Belvedere, 12 Booth Street Manchester M2 4AW +44 (0) 161 236 8644 savills.co.uk Location The property is located within the centre of Southport on King The ground floor comprises the well fitted trading area, with a dining Street within close proximity to Southport Town Hall and within area and lounge providing approximately 70 covers, over a ground the town centre leisure circuit, containing a range of both local floor area of 3,477 sq ft. There is a commercial kitchen and stores and national occupiers and a range of drinking and dining to the rear, with a basement accessed from an external yard. establishments. The upper floor comprises tenants accommodation, with 4 Southport Market is adjacent, providing a variety of shops with bedrooms, a kitchen, lounge, dining room, office and stores. surrounding occupiers including Poundland, Costa Coffee and Pizza Express in addition to a wide range of local retail and Licences leisure units. The premises have the benefit of a Premises Licence in accordance with the Licensing Act 2003. We understand that the business The property is situated close to the junction of the A570 and operates under traditional hours. The premises also have the benefit A565, the main roads linking Southport to Formby and Liverpool of a pavement licence. to the south and Preston, Skelmersdale and Wigan to the north and east. Southport train station is within 0.2 miles. Business Opportunity Description The property is an established wet led business with consistent sales over the previous 5 years. The property comprises a substantial two storey public house of brick elevations and slate roof. In addition to maintaining the level of wet sales, there is the opportunity to add to the food sales. Trading Information Trading information is available upon request to interested parties.
Planning We understand that the property is not listed however is situated within the Lord Street Conservation Area. All enquiries regarding planning matters should be directed to Sefton Council (0345 140 0845).
Rating The subject property is listed within the 2010 Rating List with a rateable value of £62,000, however the draft 2017 valuation is given as £48,000. The Business Rates Multiplier for England for 2016/2017 is £0.497 in the pound.
Fixtures and Fittings The property is available as a fully trading asset and all fi xtures and fi ttings which are owned outright will be included in the sale. Any third party items, such as gaming machines, dispensing equipment etc will also be excluded.
Tenure The property is held freehold.
EPC The EPC for the property is available on request.
Viewing For a formal viewing, strictly by appointment by Savills.
Savills Private Finance Funding for this transaction can be arranged by Savills Private Finance. Please contact Russell Hall on 0161 2447797 or alternatively email [email protected].
VAT VAT will be payable in addition to the purchase price. If it is the intention of the purchaser to convert this builing to a dwelling they must complete, prior to exchange of contracts, the HMRC form; Certifi cates to Disapply the option to tax; buildings to be converted into dwellings etc. The HMRC suggests all parties completing the certifi cate read; Notice 742a Opting to Tax Land & Buildings. A copy can be found at www.hmrc.gov.uk.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Offi ce. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identifi cation only and although believed to be correct accuracy is not guaranteed.
Tom Cunningham Pete Scholes +44 (0) 161 244 7709 +44 (0) 161 277 7227 [email protected] [email protected]
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | November 2016