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Clowns Wine Bar & Jesters Nightclub, £ 1,000,000, Freehold

£ 1,000,000
Tenure
Freehold
Description
Key Highlights
- Substantial mid-terrace plot
- Within catchment of Central Business District and University circuit
- Substantial ground floor and basement trading area
- Well-known business in established leisure location
- 9,396 sq ft (872.87 sq m)
- Redevelopment potential for flats or student accommodation (STP)

About this Property

The property has previously been amalgamated over basement, ground, first and second storeys. The property is of brick construction with pitched slate roofs. Internally, the ground floor of 114-118 comprise Clowns Wine Bar, ladies' and gentlemen's WC's and back of house storage areas. The ground floor of 112 comprises the entrance to Jester's nightclub. The nightclub also benefits from a substantial lower ground floor trading area with covered bar and dance area. The first floor has seven rooms, a kitchen and two bathrooms. The second floor consists of six bedrooms.

There is potential to convert the upper floors to either student accommodation or flats. Plans to reflect these schemes will be made available to seriously interested parties. These flats could be let for between £500 - £600 per week depending on condition.

Additional Information

The property is available with vacant possession. It currently operates as a separate wine bar and nightclub.

Freehold guide price of £1,000,000. Leasehold premium offers are invited in the region of £75,000 for a new 15 year lease at a rent of £90,000 per annum. Rent reviews are five yearly, upward only to market rent.

Energy Performance Certification

An EPC has been commissioned and will be provided.
Country
England
County
Hampshire
Town
Southampton
Address
Clowns Wine Bar & Jesters Nightclub, 112-118 Bevois Valley Road
Under Offer
No
Post Code
SO14 0JZ
Reference Number
RF489097
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