Compare Listings

Riverside Inn, 51 Bury Road, Rawtenstall, Rossendale, BB4 6DD

£240,000

Description

  • Community Public House
  • Prominent roadside location overlooking the River Irwell
  • Currently let on a FREE OF TIE Lease
  • Public Bar, Pool Room & Function Room
  • Beer Garden & Car park
  • EPC Band D

Business & Property Description

The Riverside Inn is a popular community public house that enjoys a prominent roadside location on Bury Road at Rawtenstall. Rawtenstall is a town at the centre of the Rossendale Valley and is within easy access of Blackburn, Bury and Manchester. The town has a population of over 22,000 and the Riverside Inn has the potential to attract custom as a destination venue. The property is currently on a lease with just over two years remaining. The property is therefore attractive to potential purchasers looking for an investment property and also those who may wish to operate the site at the end of the current lease.

Riverside Inn offers the potential for an enthusiastic operator to build on the current community-based trade the pub enjoys. The property has a function room with a good-sized car park together with an outside area providing additional trading space.

The property is stone built under a pitched roof with tile covering. The extended single storey section of the property has a flat roof with membrane covering. The car park is located to the other side of Bury Road and the Beer Garden has been recently developed allowing customers to drink overlooking the river.

 Accommodation

Ground floor:

The MAIN ENTRANCE is located to the centre of the property and opens out into the open plan MAIN BAR This MAIN BAR provides a large trading area with fixed upholstered seating to the perimeter of the room together with traditional bar room furnishings. The BAR SERVERY is located opposite the entrance providing good sight lines to the whole trading area. Steps from the MAIN BAR lead down to the POOL ROOM and through to the FUNCTION ROOM. The FUNCTION ROOM is self-contained with a bar servery but this servery is not currently used.

TOILET FACILITIES are located off the Trade Area.

To the rear of the BAR SERVERY are a number of ancillary areas for wash-up and storage. Doors off this area lead to the first floor PRIVATE ACCOMMODATION and the basement BEER CELLAR.

Basement:

Stairs from the rear of the ground floor BAR SERVERY give access to the basement. The basement provides a network of storage areas. The BEER CELLAR is in one area of the basement. Stock is delivered to the cellar by way of a tradition beer drop from the pavement.

First floor:

A secure door from the ground floor provides access to stairs leading to the first floor PRIVATE ACCOMMODATION. This accommodation briefly comprises of two bedrooms, a kitchen, lounge and bathroom with wc. There is also another kitchen to the first floor that could be used for commercial purposes given the correct statutory permissions.

Outside

Double doors provide access to the patio style BEER GARDEN to the side of the property. This BEER GARDEN if fenced with a gate to Bury Road. The patio area occupies only a proportion of the available land to the side of the property. This land measures about 9m x 15m and could be further developed by a future owner subject to any permissioned required. Another gate allows staff only access to the rear of the property overlooking the River Irwell. A large car park with parking for about 20 vehicles is located to the front of the property on the opposite side of Bury Road.

The Business

The freehold of the property is privately owned. The current operators of Riverside Inn are tenants on a 15 lease that finishes on 24th November 2021. The lease agreement is free of tie with a rent payable of £2,166 per month. Insurances are paid by the tenants in addition. We have been verbally advised that the tenants are trading at a turnover of about £4,000 gross per week. Prospective purchasers are advised to confirm these figures to their own satisfaction.

 Additional Information

The property has mains water, drainage, gas and electricity.

We are advised that the rateable value of the property is £7,500 per annum. Under current legislation this valuation falls within the threshold for full business rates relief. No business rates will therefore be payable. It is the responsibility of any prospective owner/operator of this property to confirm the actual rates payable on the property with the local authority prior to completing heads of terms.

The property has an energy performance certificate with a band D rating.

EPC certificate reference number: 0110-0037-8599-0099-6096

Tenure & Price

This property is offered Freehold at an asking price of £240,000. The property has a tenant with a free of tie lease until November 2021 with monthly rent payments of £2,166.

Viewing Details

Viewing is strictly by appointment only. Viewings can be arranged by calling MJD HUGHES Ltd on 01904 215241 or emailing info@mjdhughes.com

Property Documents

  • Riverside Sales particulars 9.May.19
  • EPC0110-0037-8599-0099-6096 (1)

Address

  • City: Rossendale
  • Country: United Kingdom

Detail

Updated on September 26, 2019 at 1:33 pm

  • Property ID: MH81030
  • Price: £240,000
  • Property Type: Business Opportunity, Public House
  • Property Status: For Sale, Freehold, New Listing

No Review ( 0 out of 5 )

Write a Review

Login for Review