Town centre Restaurant/Bar located on the popular eating and drinking circuit in Cannock. Located immediately adjacent to Wetherspoons, this former bar would suit national or independent operators seeking extensive floor space for a restaurant, bar or entertainment venue. Available immediately by way of a new lease for a term to be agreed.

Description:

Two storey premises offering huge potential to an experienced and motivated operator. The former Bar 77 in Cannock offers spacious and flexible accommodation with open plan bar, dance floor and seating area with kitchen, stores, sand cellar at ground and lower ground floor level. There is an outside courtyard area which could be used for additional seating whilst the first floor consist of Male and Female WCs, office and staff welfare facilities.

This is a fantastic opportunity and includes fixtures and fittings making it ready to trade with limited initial investment. Please note the property is taken as seen and all equipment, lighting, electrical and other services are not warranted and are to be tested by the ingoing Tenant.

Accommodation:

GROUND FLOOR:
Reception: 165 Sq ft (15.33 Sq m)
Bar, seating area and Dance Floor: 2,072 Sq ft (192.49 Sq m)
Kitchen and Prep Areas: 550 Sq ft (51.10 Sq m)
Stores: 651 Sq ft (60.48 Sq m)
Disabled WC: 55 Sq ft (5.11 Sq m)
Cleaners Store: 23 Sq ft (2.14 Sq m)

FIRST FLOOR
Male WCs: 239 Sq ft (22.20 sq m)
Female WCs: 386 Sq ft (35.86 Sq m)
Staff Room/Kitchen: 187 Sq ft (17.37 Sq m)
Staff Male WC: 29 Sq ft (2.69 Sq m)
Staff Female WC: 39 Sq (3.62 Sq m)
Office: 231 Sq ft (21.46 Sq m)
Stores: 140 Sq ft (13.01 Sq m)

CELLAR
With lift access for barrels, bottles and equipment
697 Sq ft (64.75 Sq m)

Planning and Licensing:

We have been advised that the premises has a Licence, the details of which are to be confirmed.

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating:

The VOA website advises the rateable value for 2023/24 is £37,000. The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure - Leasehold:

A new lease at £35,000 per annum.

There will be a requirement for a deposit equal to a minimum of 3 months rent. A larger deposit may be requested subject to the status of the ingoing tenant.

Guarantor: Where a limited company is taking the lease, there may be the requirement for a guarantor to the lease.

Proof of Identity:

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Credit Check:

On agreed terms the ingoing tenant will be required to pay a fee of £85 to buttersjohnbee for the application and collation of references and credit data from a third party. The application process will, under normal circumstances take between two and five working days. The applicant will be required to complete a simple online form for submission to our credit reference agency. Application fee will be payable in advance and will not be refundable.

Viewing:

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.