LOCO

6-10 SLATER STREET
LIVERPOOL
L1 4BS

LOCATION

Loco is situated at the junction of Wood Street and Slater Street, Liverpool City Centre. It enjoys a prime location within the City’s popular drinking and dining circuit and is within yards of the very busy Concert Square. (See location map below).

PROPERTY DESCRIPTION

Ground Floor Bar Restaurant

A glass fronted entrance via Slater Street leads into a well laid out and stylishly designed bar/restaurant area. It has the benefit of a fully equipped dispensing bar servery which is fitted with a computerised EPOS cash till, back bar refrigerated bottled beer cabinets, beer dispense pumps and spirit optics. This area is tastefully decorated and equipped with fixed wall seating, loose tables, chairs and stools. There are also a number of antique style leather chairs which add to the ambiance of the bar.

Ladies, gents and disabled toilets are located within this area.

Lower Ground Floor - Bar and Dance Area

The bar and dance area is accessed via a wide internal staircase, a feature of this area is the unusually styled centrally located serving bar which has the benefit of an EPOS till system, back bar refrigerated bottled beer cabinets, beer dispense pumps and a wide range of spirit optics. A DJ booth which operates a sound-to-light music system overlooks the bar’s large dance floor area; the bar is furnished with booth fitted seating, tables and leather stools. Also located in this area are ladies and gents toilets.

Also located on the lower ground floor is an office, beer storage facilities and additional storage space.

General

Loco has the benefit of internal and external CCTV and air conditioning.

TRADING HOURS

Monday to Sunday 11.00 a.m. till 06.00 a.m.

Licensed Trade Associates has not examined any licence documentation and any future buyer must arrange with their solicitors to verify this information.

ENERGY PERFORMANCE CERTIFICATE

In course of preparation.

TENURE

The property is let by way of a fully insurable and repairable 35-year lease which has 19 years remaining. The rent reviews are every 5 year and the present rent is £75k per annum which includes the annual service charge. Rates payable for 2016/2017 are £24k.

ACCOUNTS

There are detailed management accounts and VAT information available to seriously interested parties.

AGENTS NOTES

The present of owners of Loco have created one of the most popular venues within the City of Liverpool. Due to its popularity its profitability and turnover continued to increase. Internal viewing is essential to fully appreciate the very high standard of design, workmanship and an extensive list of high quality fixtures and fittings that are included in the sale price.

Price including all business fixtures and fittings and goodwill but excluding all stock £295,000

VIEWING AND CONFIDENTIALITY

All arrangements to view are strictly by appointment through Mr Bob Collins and no approaches whatsoever must be made to the owner or the business. For an appointment to view please telephone Bob Collins on 07721 329999.

AGENTS NOTES

Prospective purchasers should make their own enquiries as to the adequacy and present condition of all service installations and related equipment at the property, whether or not referred to in these particulars. Licensed Trade Associates for themselves, and the vendors or lessors of this property, whose agents they are give notice that- (1.) The particulars are set out as a general outline only, for guidance to intending purchasers or lessees, and do not constitute either in whole or part of an offer or contract. (11.) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and intending Purchasers or Tenants should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of same. (111.) No persons in the employment of Licensed Trade Associates has any authority to make or give any representation or warranty whatsoever in relation to this property. All prices are quoted exclusive of VAT unless otherwise indicated.

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