47 High Street, Burton upon Trent, DE14 1JS

Freehold Leisure Investment Opportunity
Specification47 High Street comprises a three-storey period building located in the heart of Burton-Upon-Trent's pedestrianised town centre.  The property is arranged over ground and two upper floors and is accessed at ground floor level.  The existing ground floor area, trading as 'Fever', incorporates three bars, two serveries and a dance floor area with access to an outside paved yard and seating area protected from the street via a high wall.  At ground floor is cellar storage space with access to the rear car park.  The ground floor also provides both male, female and disabled toilet facilities.
At first floor level there is a further bar area named 'Boutique' comprising a bar area and toilet facilities.
The second floor level provides storage space, staff areas and the bar manager's office. 

The property benefits from a prominent and enviable position at the junction of High Street and Worthington Way, placing it at the heart of the town’s established retail and leisure trading pitch.
Let in its entirety to Fever Bar (Burton) Ltd on FRI terms, for a term of 20 years from 26 October 2012 with 5 yearly open RPI linked rent reviews. Accordingly, there are 15.75 years remaining providing long term indexed linked income.
A residential conversion scheme has also been designed to convert the property into 5 apartments providing a future development opportunity at lease expiry.
Freehold.
Current passing rent of £XXX per annum. Based on an RPI figure of 2% per annum the passing rent will increase to £XXX per annum in October this year.

Accommodation
The property provides a total Net Internal Floor Area of 447.68 sq m (4,819 sq ft), arranged over three floors as indicated below:-



Description
Sq m
Sq ft


Ground Floor
191.82
2,064


First Floor
151.60
1,630


Second Floor
104.26
1,125


Total Accommodation
447.68
4,819



Alternative Residential Use
Whilst the ground floor is eminently suitable for use as a bar, extensive upper floor accommodation presents the development opportunity for conversion into residential accommodation.   The Vendor has drawn up plans for a potential residential conversion equating to five appartments.  The plans propose upper floor accommodation could be as ancillary residential accommodation as follows:-



Description
Sq m
Sq ft


First Floor
 
 


3 no 2 bedrooms, 1 bathroom apartments
151.60
1,630


Second Floor
 
 


2 no 2 bedrooms, 1 bathroom apartments
104.26
1,125


Total Upper Floor Accommodation
255.86
2,755



Alternative uses to Use Class A4 (Drinking Establishments) will be subject to planning consent.
 

Location