COVID-19 – Important Auction Information
For Sale By Auction | 13:00, 24 June 2021

The Cottage Fish & Chip Restaurant & Takeaway, Newhouse Road, Blackpool, Lancashire, FY4 4JH

*Guide | £175,000 (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 24/06/2021

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

Tenanted Fish & Chip Restaurant – New 10 Year Lease Producing £24,000 pa

Two storey detached cottage fully fitted out and operational for a number of years as a licensed fish and chip restaurant and takeaway. Internally the ground floor provides takeaway servery, restaurant with bar area, kitchen, Wcs and ancillary. The fiorst floor provides additional storage. Externally there are seating areas to the side and rear. Accommodation 182.3 m2 / 1,962 sqft (VOA figures) Location Prominently located fronting Newhouse Road close to the junction with Preston New Road (A583) and Waterloo Road in a popular residential area approximately 1 mile south of Blackpool. Tenancy 10 years from 2021 incorporating a rent review in 2026 and a rent of £24,000 plus VAT per annum. Refer to legal pack for copy of the lease. Tenure Please refer to legal pack Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Blackpool Borough Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.