For Sale By Auction | 14:00, 26 July 2018 | Lot 61

Laxeys Diner, Formerly The Landmark Browns Cafe, Dumbells Terrace, Laxey, Isle Of Man, Isle of Man, IM4 7NY

Sold £250,000

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 26/07/2018

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Historic Cafe/Restaurant Premises with Two Bedroom Flat Above

Fantastic and unique opportunity to purchase this historic cafe/restaurant premises established for over 100 years with residential two bed apartment above. Situated adjacent to the Coach Park for the Laxey Wheel (the largest surviving water wheel of its kind in the world known as Lady Isabella) and Mines Trail. The property was originally two houses that have been extended with the ground floor comprising cafe restaurant including open plan seating and private dining areas, servery, preparation area, fully equipped commercial kitchen, store room and ladies/disabled & gents WC. The property also benefits from takeaway licence. There is also a potential to convert the property back to one or two houses subject to the required planning consents being obtained. There is also ample free parking in the immediate vicinity for coaches and cars and the electric tram station is situated across the road. The sale also includes the majority of the fixtures and fitting excluding personal items.

Tenure

See Legal Pack

Accommodation

Ground Floor Café Restaurant - Café for approximately 40 covers Servery, Kitchen, Ladies/Disabled WC Gents WC, Store Room First Floor 2 x double bedrooms Bathroom with WC Lounge Externally there is an outside dining/patio area which (we have been infored by the vendor) is leased from the Isle of Man Government by way of a 5 year lease from Spetember 2017at a fixed rental of £1,200 per annum.

Joint Agents

Black Grace Cowley 51 Victoria Street Douglas Isle of Man IM2 2LD

Energy Efficiency Rating (EPC)

Current Rating N/A

Local Authority

Inverclyde Council

Solicitors

Dickinson Cruikshank, Masonic Buildings, Water Street, Ramsey, Isle of Man, IM8 1RD, Ref: Kevin Halsall, Tel: 01624 812107

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

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