Walsall sports bar expected to fetch more than £275,000 at auction
Walsall sports activities bar anticipated to fetch greater than £275,000 at public sale
Just lately working as Bar Sports activities, the Bridge Road venue was closed over Christmas.
James Mattin, managing director of Bond Wolfe, stated: “Amid Walsall metropolis middle’s busy retail parade, the venue has traded for over 1 / 4 of a century as a preferred pub and restaurant. We’re positive the brand new house owners will need Defend the positioning and proceed to do enterprise like this.
“It features a strong and well-appointed sports activities bar/restaurant and is acknowledged because the main venue of its kind in Walsall.”
The primary and second flooring of Unit 1, Bridge Home, 47-55 Bridge Road, can be listed in Bond Wolfe’s stay public sale on Thursday 9 February with a information of simply over £275,000.
The sports activities bar, membership and restaurant occupy roughly 7,300 sq. ft.
The buying and selling space suits completely right into a bar server that comprises a big curved frontage on one aspect and a gaming space on the opposite. Seating is a mixture of stools and seats in personal compartments, with capability for 600 individuals.
There are women’, gents’ and disabled bogs, a totally functioning catering kitchen, a supervisor’s workplace, a liquor retailer and a cellar.
“The property was beforehand leased at a passing hire of £80,000 every year on a 999-year leasehold pepper hire and advantages from rear entry to Intown on Essential Lichfield Street,” Mr Martin stated.
The venue is at the moment licensed from 12pm to 2am Sunday via Thursday, and 12pm to 3am Friday and Saturday.
Mr Mattin added: “Given the positioning’s historical past and recognition, we anticipate sturdy bidding when the positioning goes to public sale with new house owners desirous to get it again into operation.”
The bar can be featured in Bond Wolfe’s subsequent public sale, which begins at 9am.