- Fantastic Commercial Investment Opportunity
- Renovated Double Width End Terrace Property in Horwich Town Centre
- Long Standing Italian Restaurant Currently on 6 Year Lease Paying £30,000PA
- 80 Covers, Bar Area, Kitchen to Rear, Two Staircases, Range of W/C and Rooms Upstairs
- Parking to Rear and Ample Customer Parking Nearby
- Sought After Horwich Location Close To Amenities & Transport Links
- No Chain
- Potential For Other Uses in Future
**FANTASTIC COMMERCIAL OPPORTUNITY IN CENTRE OF HORWICH**
Recently Renovated Throughout to High Standard - Sprawling Accommodation Split Over Two Floors - Currently Let at £30,000 P.A on 6 Year Lease - Ideal Investment Opportunity
Excellent and rare opportunity to purchase a fantastic commercial investment in the heart of Horwich. An end terrace property offering double frontage and huge internal accommodation which has recently undergone full renovation throughout including brand new dining area and new windows.
The property currently trades as Tipico, which is a well known and popular Italian restaurant with a regular clientele. The property has been a restaurant for many years and is well established on the Horwich scene. Ground floor with access from Lee Lane into the bar area and offering 80 covers with large kitchen to the rear with door to the rear and off street parking. The is a disabled W/C next to the staircases to the first floor where there are four separate rooms to the front, kitchen & bathroom area all with views up woads Rivington. There are a number of other storage rooms, separate male and female W/C and a rear stair case used as a fire exit to the rear. The overall floor area is 3,240 sqft (301 sqm) and also has the benefit of a Premises Licence.
Horwich is a busy town with the feel of a village 5 miles to the west of Bolton. Occupation levels in the centre of Horwich is very good, with few voids on either of the main shopping streets. There is good tenant demand for properties of this quality.
The property is let on a six year lease from December 2021 at a rent of £30,000 pa. In addition the tenant pays the insurance premium and is responsible for repairs to the building.
Rateable value £16,000.
Viewing via sole agent - Regency Estates.