Freehold Bar Investment Opportunity For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this fantastic investment opportunity. Milty's Bar is an extensive property and comprises of a large main bar area complete with late entertainments licence, a large function room, an off sales shop, 4 stores and a 4 bedroom apartment to the rear. All fixtures and fittings are finished to a high standard. The bar and off licence are currently let with a lease signed for the next 5 years, offering a rent of £850 per week. The apartment has recently become vacant but is currently being advertised and is expected to easily draw £150 per week. The function room is let out for birthdays and wedding receptions etc and could be further developed. Milty's was established in the 1800s and has been under present ownership since 1993. Our client is offering this freehold business to the market in order to release the equity to pursue other interests. This is a fantastic opportunity for an investor to acquire a centrally located licensed complex, which allows infinite possibilities for future development. Early discussions with Bag a Business Ltd are highly recommended

Property information

Property:

Freehold

Living accommodation:

PROPERTY DETAILS Large bar complex with off licence and 4 bed apartment, briefly comprising:. MAIN BAR Capacity for approximately 120 people Bar counter with 10 points of dispense and optics to rear Tiled flooring Feature fireplace Disabled toilets ADT burglar alarm system Raised seating area Fire exit W/C facilities Coldroom Store Large function room for approximately 60 people Pool table OFF LICENCE Quality fixtures and fittings Timber shelving Dumbwaiter to upstairs Largest wine range in Ulster Office to rear FIRST FLOOR Wine shelving Feature drop area Second office 3 store rooms Security cameras W/C facilities Fire escape SELF CONTAINED FLAT Double glazing and oil fired central heating Hallway to open plan lounge / kitchen Cloakroom Sitting room Utility room Bedroom 1 - double Bedroom 2 - double with built in wardrobes Bedroom 3 - double Shower room with sink and WC Large hot press EXTERNAL Secure parking Gazebo area for smokers Licensed yard

Location:

Milty's Bar is centrally located on the main shopping street in Cookstown, County Tyrone. There is a high daily footfall on the street allowing the bar to draw a combination of regulars and passing trade. Recently, a Broadfields Shopping Centre has been opened close by, increasing the footfall greatly. There is customer parking to the front of the bar and private parking to the rear. It lies on the A29, the main arterial road and therefore sees a large amount of passing traffic. There is a new police academy planned for outskirts of the town, which is set to be the biggest in Europe with an anticipated 22,000 attendees. This will have a massive influence on the town and highlights this excellent opportunity to invest in Cookstown. Cookstown lies in the centre of Northern Ireland and is a fantastic commuter base to access other parts of the province. It lies an hour from Belfast via the A29 / M1 and an hour from Londonderry via the A29 / A6.