The Kings Head, 829 Lisburn Road, Belfast, BT9 7GY For Sale - On the instructions of Tom Keenan of Keenan CF as Administrator of Lanyon Trading Ltd (In Administration)
Extremely well known Public House and Restaurant occupying a highly prominent position in South Belfast
Summary • Extremely well known Public House and Restaurant with prominent location in popular South Belfast. • Set on generous site of c.0.75 acres. • Benefits from approximately 50 on-site car parking spaces. • Comprises 2 bars, spacious restaurant and The Live Lounge Nightclub. • Sold with the benefit of vacant possession.
Location The premises front the Lisburn Road, opposite the iconic Royal Ulster Agricultural Society Kings Hall and Balmoral Golf Club. The Lisburn Road is a busy commercial arterial road which comprises numerous well known businesses and restaurants, connecting the popular and affluent south Belfast suburbs to the City centre. The immediate vicinity includes several apartment developments, Kingsbridge Private Hospital and Musgrave Park Hospital. The premises has ease of access to the M1 Motorway via Stockmans Lane, with excellent public transport links via Balmoral Train Station located adjacent.
Belfast is the capital city and retail centre of Northern Ireland with a catchment population of approximately 1 million people within a 30 minute drive. Belfast has excellent communication networks. The M2 motorway provides access to the north towards Antrim and Londonderry whilst the M1 motorway provides access to the south and west of the province towards Lisburn and Dublin.
For Indicative Purposes Only
The Kings Head, 829 Lisburn Road, Belfast, BT9 7GY
www.lsh.co.uk
Description The Kings Head comprises an attractive two storey property, set on a site of c.0.75 acres, with the benefit of a private car park for approximately 50 spaces. At ground floor is a spacious front bar with seating provided via a combination of fixed perimeter benches, supplemented by free standing tables and chairs. Adjacent to the front bar is the smaller Lounge bar area, which provides additional seating. Beyond these bars, to the rear portion of the building is the Live Lounge Nightclub area, comprising a modern bar server with stage and adequate seating areas. WC facilities are located off both the front bar and Live Lounge Nightclub. The spacious first floor accommodation comprises an attractive and well finished restaurant area, with the capacity to seat approximately 120 persons. The restaurant can be accessed via a dedicated entrance to the front of the building, or internally via a feature stairway off the front bar. A 5 person Aritco lift services the first floor, with ancillary accommodation to include kitchen area, manager’s office / staff room and WC facilities.
Schedule of Accommodation For Indicative Purposes Only
Floor
Sq Ft
Sq M
Ground Floor First Floor Total
6,456 3,312 9,768
599.8 307.7 907.5
The Kings Head, 829 Lisburn Road, Belfast, BT9 7GY
www.lsh.co.uk
Accounts The business is currently being traded on behalf of the Administrators but will be offered with vacant possession upon completion. Trading accounts details are included in the online dataroom.
TUPE All TUPE details are included in the online dataroom.
Contents An inventory of contents included in the sale is available from the online dataroom.
Rates We are advised by Land and Property Services of the following rating information: Net Annual Value: £108,000 Rate in £ 15/16: £0.573418 Rates payable: £61,929 per annum
Title We have been advised Title is freehold held under a Fee Farm grant and is registered at Land Registry. All title documents are included in the online dataroom. Any title queries should be directed to: Tughans Marlborough House 30 Victoria Street Belfast BT1 3GG FAO: Joe Moore Tel: 02890 553300 Email:
[email protected]
The Kings Head, 829 Lisburn Road, Belfast, BT9 7GY
www.lsh.co.uk
VAT We are advised that the subject property is VAT registered and therefore VAT will be charged in addition to the purchase price.
Dataroom An online data room has been prepared for prospective purchasers to review due diligence relating to the property. The data room includes information on:• • • • • • • • • •
Title; Sale Contract; Financial Information; TUPE; Licence Documents; Inventory; Floor plans; Energy Performance Certificate; External and internal photographs; Any other relevant information.
To obtain login details to the online data room, please contact the Agent.
Energy Performance Certificate The property has an EPC rating of C70.
The Kings Head, 829 Lisburn Road, Belfast, BT9 7GY
www.lsh.co.uk
Guide Price We are instructed to seek unconditional offers in the region of £2,000,000 (Two Million Pounds Sterling) exclusive.
Proposal The property is being offered for sale on the open market. Contractual offers to purchase should be submitted to the offices of Tughans Solicitors, Marlborough House, 30 Victoria Street, Belfast, BT1 3GG, on Friday 11th December 2015 no later than 12 noon, in a sealed envelope marked “Private & Confidential, FAO: Joe Moore – The Kings Head, Belfast’. Contractual offers to purchase must be in writing and should include the following:1. 2. 3. 4.
Signed contract accompanied with a 10% deposit cheque (to include VAT at 20%), to be drawn on a solicitor account (which will be returned uncashed if the offer is unsuccessful). Confirmation of the identity of proposed purchaser, including name and address. Confirmation of solicitors details. Confirmation of proof of finance to include breakdown of funds between cash and bank finance, together with any conditions relating to bank finance.
Please note the Administrator is under no obligation to accept the highest or indeed any offer.
Further Information For access details, further information and/or to register an interest, please contact:Douglas Wheeler
Phillip Smyth
028 9026 9202
028 9026 9228
[email protected]
[email protected]
Lambert Smith Hampton Clarence House 4/10 May Street Belfast BT1 4NJ Subject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2015 Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
The Kings Head, 829 Lisburn Road, Belfast, BT9 7GY
www.lsh.co.uk
