Deceptively Large Property Former Social Club North Shields Newcastle |
| North Shields Tyne and Wear |
| The property is prominently located in the centre of North Shields, approx 8 miles from Newcastle centre. The property is to be sold freehold with vacant possession or can be split up into several units. The property is available freehold or leasehold. |
| BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 24872
ADVERT IMPRESSIONS : 28,514 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | FREEHOLD: | £295,000 | LEASEHOLD: | £NIL | ANNUAL RENT: | Offers Invited | | | | | | | | | | Add this business advert to your: | | | | | | | |
| | | | | | | BUSINESS DETAILS: | * Deceptively large property over two floors
* Potential for a variety of business operation
* Opportunity to split the property into several units
* Flexibility on the use as licenses range from A1-A5
* Exceptionally large first floor function hall
SITUATION
The property is located in a prominent position facing Albion Road which is the main street that runs through North Shields. The unit is also ideally located as it is surrounding by residential housing and offices.
North Shields is approximately 8 miles from the centre of Newcastle and is currently undergoing major regeneration to the town and North Quay areas.
BUSINESS
The property used to be used as a social and family club until it closed down approximately 4 years ago. The property is structural very sound and has concrete floors and ceilings throughout.
On the ground floor is a large open plan room which would have been used as the main drinking area. There is also a garage area that is directly accessible off the main room and was used as the beer store and cellar. To the rear of the ground floor there are further good sized rooms that could be utilised for office space or meeting rooms.
The vendor has mentioned that the ground floor space could be separated to suit the individual needs.
The first floor can be accessed privately by its own front door or alternatively through the main ground floor room. There is a large function room with stage area that has oak flooring throughout. To the rear of the stage is a space that had previously been used as the kitchen and is fitted with mains gas and electrics.
To the rear of the first floor are 2 further rooms that are suitable for functions or private meetings.
There are numerous toilet facilities throughout the property meaning that should the property be separated into different lots they can all have private facilities and services.
We are advised that the vendor has planning permission to add in a new corridor and stairwell to the first floor which means the first floor can be split into two separate units.
On inspection of the property the building would be ideal for a builder or investor to renovate and let off or alternatively the current vendor is willing to offer lease options and separate the property to requirements.
EXTERNALLY
There is on street parking as well as a small yard to the rear of the property.
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright.
LICENSES
The vendor advises us that the property can have a variety of licenses from A1–A5 and that there should be no problems obtaining multiple licenses for the property if required.
TENURE
The property is being offered freehold or there is an alternate option to acquire a lease. The vendor would grant a new lease with the terms being negotiable and the annual rent for the entire property being set at £40,000 per annum. Should the potential tenants wish for only part of the property then the rent would be set accordingly.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above. | | | | | | FOR SALE | | | | | REFERENCE: | 1717 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | |
