Property briefs
- The former Abbaye Bar and Brasserie in Canal Street, Manchester, is up for sale following a rationalisation of owning company Tragus Holdings. The unit, which is not currently trading, is in Manchester's gay quarter. The four-storey property has a bar on the ground floor, a restaurant on the first and a catering kitchen and staff facilities on the second. Christie & Co is inviting offers for the remainder of the 25-year lease, which started in May 1998. Call 0161 833 3311.
A 16th century pub in West Dorset which was featured in Thomas Hardy's novel Tess of the d'Urbervilles is up for sale through agents Bettesworths. The Acorn Inn, is set in the historic English village of Evershot, close to the historic houses of Forde Abbey and Athelhampton House. The site has nine letting rooms which are a lucrative source of income for the pub, which in 2002 had a turnover of £400,000. Offers of £750,000 are sought for the freehold interest. Call 01803 212021.
The Live & Let Live pub in Wolverley, near Kidderminster in Worcestershire, is situated beside the River Stout. The pub has a good reputation as a destination venue and has the potential to increase its food side of the business. The detached property trades on the ground floor and has owner's accommodation on the first and second floors, as well as five acres of land with beer gardens and a car park. An asking price of £165,000 is being sought for the free-of-tie lease. Call Christie & Co on 0121 456 1222.
Richard Branson has sold his London nightclub Heaven for £4bn. The gay nightclub on Charing Cross Road was sold to its existing management. The Virgin boss is an investor in MagiCorp Entertainment, the US franchise business that is opening a 38,000sq ft bar in Manchester, called Lucid.
High street outlet Alhambra Bar in Bellshill, near Glasgow, serves a primarily local clientele. The property is arranged over the ground floor of a two storey semi-detached property. It has a lounge bar with timber bar servery and mirrored gantry. Creevy Licensed Leisure and Hotels is selling the Pubmaster tied lease which is available for £40,000 per annum. Call 0141 248 9400.
The Mission Bar in Glasgow has permission from the landlord to turn its first floor area into a nightclub. The bar, currently owned by Six Continents, is situated on the Battlefield area of the town close to Langside College and the Victoria infirmary. The business is achieving sales in excess of £400,000 per annum but has achieved over £500,000 in the past. It is available through Creevy LLH for £165,000 for the assignable lease. Call 0141 248 9400.
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