50 - 52 Westgate
Wakefield
West Yorkshire
WF1 2SA

Freehold Nightclub/Bar Opportunity with Change of Use/Redevelopment Potential

  • Approximately 1,327 sq m (14,284 sq ft)
  • Of interest to owner occupiers, developers and investors with change of use potential
  • Potential to redevelop entire or upper parts (subject to consents)
  • Nearby occupiers include several bars and nightclubs, banks and national retailers including Sports Direct
  • Lot
    37
  • Auction
    04/Apr/2019
  • Rent
    £5,600 per Annum Exclusive
  • Status
    Sold
  • Price*
    £250,000
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Stonegate Pub Company
Important Auction & Property Update
  • 50 - 52 Westgate<br>Wakefield<br>West Yorkshire<br>WF1 2SA
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* More information on the term "price" can be found here

Property Information

Location
Miles
11 miles south of Leeds
24 miles north of Sheffield
Roads
A650, A642, A638, M1, M62
Rail
Wakefield Westgate, Wakefield Kirkgate
Air
Leeds Bradford Airport
Situation

The property is situated in a central location on the north side of Westgate, close to its junction with the pedestrianised Silver Street, near The Ridings Shopping Centre which houses retailers including Morrisons, Boots the Chemist and Holland & Barrett. Other nearby occupiers include Sports Direct, Subway, Costa, various banks and several bars and nightclubs.

Tenure

Freehold.

Description

The property comprises a large four storey building with a bar/nightclub on the ground floor and ancillary accommodation at basement (cellar), first and second floors. The property is sold subject to licences for car parking for about 5 cars to the rear.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUse
Gross Internal Floor Areas
(Approx)
TenantTermRent p.a.x
Ground
Cellar
First
Second
Nightclub
Ancillary
Ancillary
Ancillary
381.37 sq m
212.45 sq m
366.59 sq m
366.59 sq m
(4,105 sq ft)
(2,287 sq ft)
(3,946 sq ft)
(3,946 sq ft)
VACANT (1)--
RearCar Parking-(-)RAMSDENS
SOLICITORS LLP
New 6 year lease agreed
(not completed) with tenant
option to determine at year 3
£3,800 (2)
RearCar Parking-(-)FIRST CHOICE
RECRUITMENT
LTD
Licence from 08/02/2017
determinable on 1 month’s
notice
£1,800
Total1,327.00 sq m
(14,284 sq ft)
 £5,600 (2)

(1) Please note that the property is currently trading but is to be sold as a closed site with Vacant Possession on completion of the sale. Please note that the fixtures and fittings will be removed from the property prior to completion - please see Special Conditions of Sale.
(2) The current lease to Ramsdens Solicitors expired on 5th February 2019 and the current rent is £3,400 per annum. The lease renewal is currently in solicitors hands.

Property Documents

  • Catalogue Page
    Updated Date
    11.04.19
    File Size
    710 KB
    View PDF
  • Site Plan
    Updated Date
    11.04.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Charles Russell Speechlys LLP 5 Fleet Place
London
EC4M 7RD
Sarah Morley 020 7427 6417sarah.Morley@crsblaw.com

Useful Links

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