Lot 08 - The Grange Bar, 22-26 The Square, Ballyclare, Co Antrim, BT39 9BB

  • Unconditional Online Auction Sale
  • Guide Price* : £250,000

Guide Price* : £250,000

Sale due to vendors retirement

  • Potential to revitalise existing business as limited competition
  • The property is being sold with the benefit of a 5 (1)(a) liquor licence
  • Extensive property with significant development potential subject to planning

Location

The property is prominently located on The Square in Ballyclare town centre. Ballyclare is an expanding commuter town into Belfast which also acts as a service centre for a large rural hinterland. Ballyclare is located within the Antrim and Newtownabbey Borough Council area. The property overlooks the Square at its junction with Rashee Road. The property extends to the rear with access onto Park Street with vehicular access via Granges Street. Local occupiers include Russells, Asda and Danske.

Description

The extensive mid terrace property comprises a two storey public house fitted out in traditional style. The accommodation provides a traditional public bar and lounge on the ground floor with a smoking area/beer garden to the rear. The ground floor also provides WCs, stores and chilled room.

The upper floor has dual access off the Square leading up to the first floor. The first floor provides a restaurant with kitchen to the front and a function room to the rear. Again WCs and ancillary areas are provided. The first floor also has a rear access stairwell. Ancillary storage, catering and w/c facilities are also included throughout.
There is a further compact two storey outbuilding to the rear which leads onto Park Street.

Accommodation

Site Area - 0.13 acres (0.054 hectares)
Net Internal Area - 6,299 sqft (585 sq m)

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - D87.

Planning

The property is located within the town centre and maybe suitable for alternative uses subject to planning.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Land and Property Services Rates Assessment

Net Annual Value: £25,400
Rate in the £ for 2022/2023: £0.523981

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Security Deposit

£9,520

Buyer's Administration Fee

£1,200

Guide Price*

£250,000

Vendors Solicitor

Maria Conway, MKB Law, 14 – 18 Great Victoria Street, Belfast, BT2 7BA
028 9024 2450

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.