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A detached freehold public house in good condition with 2 x 1 bed apartments above situated on the corner of Stanley Road and Lambeth Road approximately 1 mile north of Liverpool city centre.
● currently trading public house
● asking price £150, 000
Location
The property occupies a prominent corner plot at the junction of Stanley Road and Lambeth Road approximately 1 mile north of Liverpool city centre.
Description
This corner property comprises of a detached public house with small outside yard. The property was refurbished not so long ago and consists of a bar on the ground floor with two apartments on the upper floors which are currently let on a short term basis to working men on contracts in the area.
Bar
The bar is fully fitted with gas central heating and is trading under owner’s management. The pub entrance is from the Lambeth Road side. The self-contained apartments are accessed via a separate entrance on the Stanley Road side of building.
Flats
The flats are spacious and in good condition having similarly been recently refurbished and both have gas central heating with fitted modern kitchens
The flats are let on a short term basis (3-4 months) to working people paying per person £70-75 per week depending. Previous occupants include the casts of various productions at the Empire Theatre. These lets are normally for the duration of the shows run and rents are paid in advance with deposits and key money being paid. The flat lets are currently yielding £350 per week with 2 occupants on 1st floor and 3 occupants on 2nd floor.
The ground floor of this property is currently being run as a public house by a manager, or it would lend itself to any retail trade or could be easily converted into another apartment. A new development of 300 houses is being built opposite The Lighthouse by David Wilson Homes in a joint venture with Liverpool Council. 200 dwellings have already been built and most are occupied. So there would be opportunity to take advantage of this new catchment should one wish to open a good local convenience store or other retail business, or continue as a public house.
Accommodation
Feet
Ground Floor
Bar Area 28’3” x 17’
Lounge 29’7” x 18’
WC x 2 Not measured
First Floor Flat
Lounge 19’2” x 16’
Kitchen 15’ x 12’
Entrance Hall 8’2” x 5’7” and 7’ x 6’
Bathroom 15’1” x 5’
Bedroom 13’2” x 13’
Second Floor Flat
Kitchen 4’7” x 5’11” and 12’4” x 5’11”
Dining 10’4” x 12’3”
Bathroom 5’6” x 15’10”
Lounge 18’6” x 14’2”
Hall 20’5” x 3’3”
Bedroom 14’2” x 14’8”
The site area is 140m2 (1506 sq ft) approximately.
Tenure Freehold
Asking Price £150, 000
Business Rates To follow
Further Information / Viewing
For further information or in order to view the property please contact:
Peter Wood: Tel. 07464 799 652 email. gwoodpeter@gmail.com
Subject to contract
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