Silk kite
Silk Kite 59 – 60 Church Street · Tamworth · B79 7DF
LEASEHOLD PUBLIC HOUSE WITH LATE NIGHT LICENCE
Silk Kite 59 – 60 Church Street · Tamworth · B79 7DF
• Leasehold • Initial rent £50,000 per annum • Prominent art deco property • Late night licence • Occupiers nearby Greggs, The Tavern in the Town and Bond’s Lounge • Incentives available – subject to status • Premises currently closed
Location Tamworth is a market town that is located 15 miles north east of Birmingham and 26 miles west of Leicester. Road communications are good with the M6 and M42 motorways both easily accessible. The Silk Kite occupies a prominent position with frontage onto Church street which provides access to the main pedestrianised retail district. The area is densely populated with occupiers nearby including Greggs, The Tavern in the Town and Bond’s Lounge.
Description & Accommodation A prominent historic property which is of steel framed and brick construction under a multi pitched roof. Ground Floor: Trading accommodation with central bar servery, laid out with a variety of tables and fixed booths. A catering kitchen, stores, dance floor, DJ booth, customer WC’s plus an external seating area to the front and a service yard to the rear are also located at this level. First Floor: Cellar, managers office, staff room and staff toilets are all located at this level.
Silk Kite 59 – 60 Church Street · Tamworth · B79 7DF
Approximate Floor Areas Floor Ground First
Description
Sq.m
Sq.ft
Trading
603
6,492
Ancillary & Accommodation
91
974
694
7,466
Total
Purchasers are advised to check these areas which are indicative only and show best estimates under the current configuration.
Tenure Held on a lease with an expiry at 28 July 2036 at a current rent of £79,320 per annum subject to 5 yearly fixed rent reviews with an outstanding rent review from July 2014. There is a tenant only break option on 28 July 2024. There is also a pavement license of £275 per annum due for renewal on 1 December 2016.
Rateable Value & EPC 2017 Rateable Value – £115,000 EPC rating – G
Premises Licence The property benefits from a premises licence permitting the sale of alcohol until 2am Monday to Sunday.
Silk Kite 59 – 60 Church Street · Tamworth · B79 7DF
Trading Information Historic trading information may be made available to interested parties upon written request.
Fixtures and Fittings & Stock Fixtures and fittings with the exception of all tills, IT equipment, leased and branded items can be included as part of the sale should they be required. Stock will be removed from the premises prior to completion.
Toby Hall T: 020 7182 2259 M: 07785 253055 [email protected]
James Brindley Tel: 020 7182 2651 Mob: 07827 356616 [email protected]
Paul Breen T: 020 7877 4555 M: 07767 873353 [email protected]
Stuart Stares T: 020 7299 3088 M: 07807 999841 [email protected]
Viewings & Terms No formal viewings will be permitted unless arranged through the joint selling agents CBRE and Savills. The premises are available without premium and incentives are available, subject to status. To see further available JD Wetherspoon Public Houses across England, Scotland and Wales please visit:
http://www.jdwdisposals.com
Disclaimer: April 2017 CBRE Limited and Savills on its behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of CBRE Limited or Savills plc has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all prices and rents are quoted exclusive of VAT.
LEASEHOLD PUBLIC HOUSE WITH LATE NIGHT LICENCE
Silk Kite 59 – 60 Church Street · Tamworth · B79 7DF
• Leasehold • Initial rent £50,000 per annum • Prominent art deco property • Late night licence • Occupiers nearby Greggs, The Tavern in the Town and Bond’s Lounge • Incentives available – subject to status • Premises currently closed
Location Tamworth is a market town that is located 15 miles north east of Birmingham and 26 miles west of Leicester. Road communications are good with the M6 and M42 motorways both easily accessible. The Silk Kite occupies a prominent position with frontage onto Church street which provides access to the main pedestrianised retail district. The area is densely populated with occupiers nearby including Greggs, The Tavern in the Town and Bond’s Lounge.
Description & Accommodation A prominent historic property which is of steel framed and brick construction under a multi pitched roof. Ground Floor: Trading accommodation with central bar servery, laid out with a variety of tables and fixed booths. A catering kitchen, stores, dance floor, DJ booth, customer WC’s plus an external seating area to the front and a service yard to the rear are also located at this level. First Floor: Cellar, managers office, staff room and staff toilets are all located at this level.
Silk Kite 59 – 60 Church Street · Tamworth · B79 7DF
Approximate Floor Areas Floor Ground First
Description
Sq.m
Sq.ft
Trading
603
6,492
Ancillary & Accommodation
91
974
694
7,466
Total
Purchasers are advised to check these areas which are indicative only and show best estimates under the current configuration.
Tenure Held on a lease with an expiry at 28 July 2036 at a current rent of £79,320 per annum subject to 5 yearly fixed rent reviews with an outstanding rent review from July 2014. There is a tenant only break option on 28 July 2024. There is also a pavement license of £275 per annum due for renewal on 1 December 2016.
Rateable Value & EPC 2017 Rateable Value – £115,000 EPC rating – G
Premises Licence The property benefits from a premises licence permitting the sale of alcohol until 2am Monday to Sunday.
Silk Kite 59 – 60 Church Street · Tamworth · B79 7DF
Trading Information Historic trading information may be made available to interested parties upon written request.
Fixtures and Fittings & Stock Fixtures and fittings with the exception of all tills, IT equipment, leased and branded items can be included as part of the sale should they be required. Stock will be removed from the premises prior to completion.
Toby Hall T: 020 7182 2259 M: 07785 253055 [email protected]
James Brindley Tel: 020 7182 2651 Mob: 07827 356616 [email protected]
Paul Breen T: 020 7877 4555 M: 07767 873353 [email protected]
Stuart Stares T: 020 7299 3088 M: 07807 999841 [email protected]
Viewings & Terms No formal viewings will be permitted unless arranged through the joint selling agents CBRE and Savills. The premises are available without premium and incentives are available, subject to status. To see further available JD Wetherspoon Public Houses across England, Scotland and Wales please visit:
http://www.jdwdisposals.com
Disclaimer: April 2017 CBRE Limited and Savills on its behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of CBRE Limited or Savills plc has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all prices and rents are quoted exclusive of VAT.
