South Shields Tyne And Wear Substantial Beachfront Public House Restaurant | | South Shields Tyne and Wear | | The property benefits from a main bar area, function room and independent licensed cafe internally, with extensive external areas. There is a 4 bedroom owner's flat. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 40878
ADVERT IMPRESSIONS : 37,260 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | FREEHOLD: | £399,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | * Substantial bar & restaurant in prime beach location
* Function room and café with 150 covers
* 4 bedroom owner’s accommodation with superb views
* Tremendous potential for alternative uses (STC)
****REDUCED TO £399,950****
SITUATION
The Waters Edge as its name implies is situated directly on the sea front set down from the main road to the south of South Shields.
THE PREMISES
All public areas are situated on ground floor level and comprise main bar area with carvery and servery to one end along with a pool table and raised dining area. The bar has loose furniture giving around 120 covers and the whole area has a licensed occupancy of 250. Male and female toilets are sited in the entrance lobby. To the rear of the bar is a fully equipped catering kitchen. The function room has a licensed occupancy of 150, which also has a bar area with carvery and servery. The function room includes loose furniture, large dance floor and D.J. booth.
In addition to this, there is an independent licensed café comprising counter and cooler behind which is the cooking and preparation areas with extract over. There are also an array of chillers and freezers, coffee machine and loose furniture for peripheral seating for approx. 35 persons.
We are advised that the business has planning consent to add 10 new letting bedrooms to the property which would allow the new owner with scope to increase trade levels.
FIXTURES AND FITTINGS
We are advised by our client that the fixtures and fittings are owned outright.
STAFF
We are advised by our client that the business is operated by members of the family and does not require additional staff.
LICENSES
The premises benefits from a license to open seven days a week from 10am through to 2am offering any potential purchaser huge scope to increase.
The property has the benefit of a Premises License granted by the relevant local authority. Under the terms of the Licensing Act 2003 it is a requirement that properties which serve alcohol have a designated premises supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take specialist advice.
TENURE
The property is leasehold with a peppercorn ground rent and a 120 year lease for which there is approximately 105 years remaining.
VIEWING
As this business is being confidentially marketed, all viewings must be made through Moralee & Co. 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: | 1509 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
