The site occupies the ground and lower ground levels of a semi detached building, ideally situated on a main junction in the city centre and adjacent to a busy shopping street. The main trading area on the ground floor comprises a bar, dance floor and seating area, in addition to storage rooms and office space, and will be occupied by a tenant who plans to utilise the space as drum and bass nightclub.
A separate lease has been agreed for the lower ground level, which currently comprises a vacant shop and office unit, and has been leased to a major gaming cafe franchise.
Bar and club operator, Fuel decided to sell in order to focus on other businesses within their portfolio.
Sam Ashton, Business Agent at Christie & Co handled the sale and comments, “It’s fantastic to see a prime city centre site re-enter active use after several years of laying vacant. We’ve been able to find an ideal site for two independent first-time buyers, and we’re confident that they will both continue to go from strength to strength in their new premises.”
The vacant property was sold off an asking price of £15,000 for the leasehold interest with vacant possession.