Property Type | Investment - Retail & Leisure |
Tenure | For Sale |
Size | 15,200 sq ft |
Price | Offers in the region of £750,000 |
Rates Payable | Upon Enquiry |
Service Charge | n/a |
Estate Charge | n/a |
EPC Rating | This property has been graded as C (62) |
The Old Royal Hotel is a prominent building located in the town centre of Bury on Silver Street, well placed for all Bury has to offer as well as having fantastic links to the motorway network and trams to Manchester. The property itself is set over four floors with approx. 15,200 SQ FT of internal space. The most recent uses of the building were a nightclub (to the ground and basement level), a separate bar (to the rear ground floor level) and office space (to the first, second and third floors). The approx. square footage per floor is as follows - Ground Floor approx. 6,500 SQ FT, Basement approx. 1,500 SQ FT, with the upper floors having approx. 7,200 SQ FT.
This is a great development opportunity for a buyer to let this building to give a high percentage yield, or further enhance the building with conversions possible subject to the usual consents for either commercial or residential use, or even turning back to a hotel.
Name | sq ft | sq m |
Basement | 1,500 | 139.35 |
Ground | 6,500 | 603.87 |
Suite - First, Second and Third Floor Offices | 7,200 | 668.90 |
Total | 15,200 | 1,412.12 |
The property is located in Bury town centre on bustling Silver Street, well placed for bars, shops, The Rock development, tram links and motorway access.