1-5 Thomas Street, Portadown

BT62 3NP, County Armagh

£44,000 p/a

1-5 Thomas Street, Portadown

BT62 3NP

£44,000

  • Viewing Arranged on Request

OPPORTUNITY TO LET ESTABLISHED BAR

WITH TRADING RESTAURANT AND OFF LICENCE


LOCATION

The subject property is situated in a prominent location fronting Thomas Street in Portadown town centre. It is within close proximity to local bus and rail services and benefits from high levels of passing pedestrian and vehicular traffic.


DESCRIPTION

The property comprises an established ground floor bar, first floor restaurant and separate Off-Licence. 


The new tenant would be responsible for the entire property but would only be required to manage / trade the bar.

The restaurant and off-licence are currently operated under sub-tenancies which are expected to continue - further details available upon request.


Jamesons Bar 

The Bar includes the main Lounge, Pool Table area and rear Sports Bar. 


The front lounge has a traditional character with wooden floors and wood panelled walls with a range of booth and free standing seating, with capacity for 120 people. 


The rear sports bar offers a more modern setting and is finished with tiled and laminate flooring and several skylights. There is a large projector screen for customer to enjoy watching football and other sporting events. This area has capacity for 75 people. There are further WC facilities beside the Sports Bar and access to an enclosed rear yard and roof terrace. 


The bar operates on a Free House basis and has an Entertainment Licence valid until November 2019.


Other facilities / services include – 


• Intruder Alarm

• Fire alarm

• Electric Roller Shutter

• CCTV

• Emergency Lighting 

• 2 no. multi fuel burners 

• Emergency lighting 


RATES

Bar 1-3 Thomas Street NAV: £21,000 (Estimated Rates Payable £12,600 per annum)

Restaurant 1E Thomas Street NAV: £3,450

Off-Licence 5A Thomas Street NAV: £4,850


Rate £ 2019/2020 is £0.600984


Perspective tenants are advised to make their own enquiries with LPS to verify rates payable. 


LEASE

Term: Negotiable

Rent: £850 per week

Repairs: Tenant responsible for internal repairs and maintenance

Rates: Tenant responsible for payment of rate sto Land and Property Services. 


VAT

We are advised that the VAT is not applicable. 


VIEWING ARRANGEMENTS

For further information or to arrange a viewing please contact Alison McClean 

Tel. 07885 603066 

Email. Alison@hannath.com

Features

  • Established Bar
  • Front Lounge & Rear Sports Bar
  • Restaurant & Off-Licence
  • Prominent Town Centre Location
  • Entertainment Licence
  • Share this development

Location Map and Street View

How much will it cost to live here?

Property Price £44,000 I want to pay deposit of £ with an interest rate of % over a term of years.