Truth Nightclub, Friars Gate, Warrington, WA1 2RR
- SIZE AVAILABLE
25,950 sq ft
2,411 sq m
- SECTOR
Pub to lease
Lease details
- Lease available date:
- Ask agent
Key features
- Located in the Heart of the Town Centre Nightclub Circuit
- 6AM Licence on Friday & Saturday
- Close Proximity to University
- Separate Floors Available
- Potential to Split Subject to Status
- Opposite JD Wetherspoons
- Recently Refurbished
- Immediately Available Subject to Premium
Description
Truth is a Nightclub premises and although it is currently closed, experienced operators will note that there is an opportunity to reopen very quickly and establish a successful late night trade. The property is in very good condition, benefitting from a comprehensive refurbishment in 2021. These fixtures and fittings are now the Landlord's and they are available to purchase for use as part of the lease, providing the opportunity to enable immediate trade from day one.
This was originally a cinema building, subsequently converting to a theatre and then later, a bingo hall. It was converted into a nightclub in the early 2000's and was substantially refurbished 3 years ago at a reported cost in the region of £300,000.
The main club room is located on the ground floor, together with a cocktail bar area to the rear. In addition, there is a further club room at the first floor. The Premises Licence states that the capacity to the ground floor is 900, with a further 500 capacity to the first floor.
The property is situated just off Bridge Street, in the heart of Warrington Town Centre and within the main night time area of the Town Centre. Across the road is the Warrington arm of the University of Chester.
Warrington’s main attribute is the surrounding road and rail networks, with two main line stations, serving north to south and east to west.
A new Free of Tie lease will be made available for a flexible term, on a full repairing and insuring basis, subject to periodic upward only rent reviews, at an initial rent of £110,000 per annum plus VAT.
Incentives available for proven operators.
A one off premium of £150,000 plus VAT is payable for the business opportunity, use of fixtures and fittings and the valuable leasehold interest.
We are advised that VAT is applicable to the property.
Can be split as follows:
Ground Floor Club - £60,000 per annum.
Upper Floor Club & Two Bars - £40,000 per annum.
New Ground Floor Restaurant Bar/Takeaway - £25,000 per annum.
Fixtures Fittings, Premiums & Equipment Leases
£150,000 Ground Floor.
£100,000 First Floor.
£20,000 New Ground Floor Unit.
Bank Finance Available with 20% Deposit - Subject to Credit
Brochures
Truth Nightclub, Friars Gate, Warrington, WA1 2RR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Warrington Central Station0.3 miles
- Warrington Bank Quay Station0.4 miles
- Warrington West Station1.9 miles
As one of the longest established and best known professional Chartered Surveyors and Commercial Estate Agents in Warrington, we take pride in offering a quality service throughout Warrington, Leigh, Cheshire, Merseyside and surrounding areas.
Morgan Williams Chartered Surveyors has built a reputation of providing quality service to a growing client base of corporate, local authority and private customers. We can advise on various aspects of commercial property. In addition to sales, le
Notes
Disclaimer - Property reference 226758-2. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Morgan Williams Commercial LLP, Warrington. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.