fbpx
My Favourites
Free sales valuation
To register for remote bidding in our next National Property Auction click here

1059-1069 Kingsbury Road, Castle Vale, Birmingham, B35 6AJ

Sold for for £420,000.
 

Guide Price £150,000-£160,000 plus fees


Thursday 3rd July 2014

11.00am
Key Features
A Spacious Freehold Modern Unit Currently Let as a Riley's Snooker Club and Sports Bar but Considered Suitable for a Variety of Alternative uses Subject to Planning. Extending to Approximately 11,735 sq.ft.
Add to favourites
Sold for for £420,000.

Commercial Property

Accommodation

The accommodation briefly comprises an entrance and reception area with male and female WC's off. A large open plan hall which provides bar and lounge, a darts area with six throws, seven pool tables and ten full size snooker tables. There is a separate raised area with three further full sized snooker tables with bench seating. There is a kitchen, office and two large store areas both of which are suitable to create further useable space.

[b]Please note none of the above equipment is included in the sale.[/b]

Outside there is a surfaced car park for approximately twenty cars.

Whilst the property is considered suitable for a continuation of its existing use, it also offers great potential for a variety of alternative uses subject to obtaining vacant possession, and any appropriate planning permissions.

Location

The property occupies a prominent position fronting the southern side of the main A38 Kingsbury Road near to its junction with the A452 to Chester Road.

The property is situated within a mixed environment comprising industrial and business parks, retail and residential development. The property benefits from excellent access to the local road network and national motorway network.

The property is considered well positioned for a variety of alternative uses subject to obtaining any appropriate planning permission.

On behalf of

On Behalf of The Joint Fix Charged Receivers

Property Description

The property comprises a single storey detached unit which has been adapted to provide a modern Private Members Snooker Club and Sports Bar.

Tag Line

A Spacious Freehold Modern Unit Currently Let as a Riley's Snooker Club and Sports Bar but Considered Suitable for a Variety of Alternative uses Subject to Planning. Extending to Approximately 11,735 sq.ft.

Tenure

We understand that the property is Freehold, currently let to Riley's Sports Bars Limited by way of a Licence to Occupy with effect from the 16th May 2014 until 16th November 2014.

Either party may give one months notice to terminate the Licence at any time, thus allowing the purchaser to obtain vacant possession. The current Licence fee is £3,343.75 per month.

A copy of the Licence to Occupy will be available for inspection within the legal pack.

Value Added Tax

All interested parties should refer to the special conditions of sale within the legal pack.

Viewings & Further Details

Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.

Tenure: