Summary - PALACE THEATRE, ALCESTER STREET B98 8AE
1 bed 1 bath Leisure Facility
**Key Features:**
- **Substantial Size:** 6,313 sq. ft. (586.71 sq. m.) bar/restaurant/leisure facility
- **Prime Location:** Prominent corner unit in Redditch town center, near high foot traffic areas
- **External Seating:** Includes a wrap-around pergola with an outdoor seating area
- **Vacant Possession:** Immediate occupancy available
- **Investment Opportunity:** Potential for varied commercial uses in a vibrant retail environment
- **Long Lease Terms:** Offered with a new 999-year lease at a peppercorn ground rent
Situated in the bustling heart of Redditch, this impressive former Wetherspoon building offers an unparalleled opportunity for business enthusiasts seeking a versatile bar, restaurant, or leisure space. Spanning over 6,300 sq. ft., the property showcases a mix of stylish indoor accommodations and a welcoming outdoor area, perfect for capturing the town's vibrant atmosphere. With nearby amenities such as shops, bars, and a well-frequented shopping center attracting over 200,000 visitors weekly, this location is sure to provide abundant passing trade.
While the bustling locale ensures high visibility and customer flow, potential buyers should note that the property's maintenance history and required upkeep should be factored into their investment considerations. With vacant possession and flexibility for further renovations or extensions, this large space can evolve with new owners' visions. Priced at offers based on £650,000 plus VAT, seize this chance to create a thriving business in a city known for its cultural mix and increasing urban settlements. Don't miss out—properties of this caliber in such prime locations are seldom available for long!
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