Moon & Bell

Description

The former Moon & Bell is an attractive period building with space over a number of floors totalling nearly 1,000 sqm. To the ground floor there is a good-sized servery area which leads to the rear beer terrace. There are also commercial kitchens, offices and storerooms. To the first floor there are customer toilets and ancillary space including; staff accommodation, a plant room, a beer cellar and additional storage space. The second floor is a 209sqm and provides additional storage space however could be potentially developed to provide further accommodation or commercial revenue use. The first floor has 2 access staircases, one to the toilets that service the main trading space, and another that leads you to the beer cellar and potential for living accommodation. The areas break down in size as follows; Ground Floor 4,286 sq ft First Floor 3,813 sq ft 2nd Floor 2,216 sq ft Patio 1,773 sq ft There is public car park located immediately behind with pedestrian access adjacent to the venue.

Location

The venue is situated with prime frontage on the town bar and restaurant circuit with a busy passing foot trade. Loughborough is an affluent and popular University town. It is located approximately 10 miles north of Leicester, 15 miles south of Nottingham and 20 miles southeast of Derby. Loughborough is well serviced by public transport, rail links and the M1 motorway is approximately 3 miles

The Opportunity

The former Moon & Bell provides a fantastic opportunity to acquire a Freehold building or take on a New Lease of a generous sized venue in the heart of this University town. With a generous sized servery to the ground floor, commercial kitchens, a beer terrace to the front and larger terrace to the rear, the venue is well equipped to deliver a high level of turnover. There is further opportunity to develop the site with the accommodation spanning from the basement to the 2nd floor (subject to the required consents and permissions). Inspection is recommended to appreciate the position and scale of the building. The site offers any potential Freehold buyer the opportunity to convert as much of the building as they would like for alternate use (subject to planning), or retain the self contained hospitality trading space and convert the upper 2 floors. Its rare that a building of its size and location come availble.

Development Potential

The top two floors offer a potential buyer the opportunity for residential/student accommodation, subject to obtaining the necessary planning consents. These areas already have a separate entrance and staircase.

Tenure

The freehold of the building is for sale at offers over £700,000. The leasehold option offers the opportunity to take a new lease at nil premium and on terms to be agreed between the parties.

Business Rates

The current rateable value is £51,000 as from 1st April 2024.

Regulatory

The property previously benefited from a premises licence permitting the sale of alcohol until 12.30am Sunday to Thursday and 1am Friday and Saturday.