Freehold Pub And Development Site With Planning Permission In North Shields |
| North Shields Tyne and Wear |
| Situated in an excellent location close to North Shields town centre. The public house is currently operated under full management. There is planning permission in place for the development of 6 flats and to keep the pub operational. |
| BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 44141
ADVERT IMPRESSIONS : 20,341 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Licenced / Leisure | | SALE: | Agent Sale | FREEHOLD: | £265000 | | | | | | | | | | Add this business advert to your: | | | | | | | |
| | | | | | | BUSINESS DETAILS: | * Trading public house and development site
* Planning Permission for 6 two bedroom apartments
* Excellent location close to town centre
* Pub operated under management
* Approximate net turnover £120,000 per annum
* Limited Company share sale
LOCATION
This site is situated at the junction of Kettlewell Terrace and Charlotte Street in the heart of North Shields. The site overlooks Dockwray Square development that leads down to the banks of the Tyne. There is and has been considerable residential redevelopment undertaken in the immediate vicinity and this is an excellent opportunity.
THE SITE
The entire plot extends to approximately 0.21 acres (860 sq metres). The Colonel Linskill public house sits on part of the site whilst the remainder to the side is wasteland. The public house is operated by a full time Manager who together with 3 part-time members of staff.
PLANNING PERMISSION
Planning permission has been granted for the erection of a two storey apartment block comprising of 6 two bedroom apartments and construction of a new access to the highway. Potential purchasers should be made aware that all necessary building regulation applications must be submitted prior to any construction works taking place. Detailed plans will be made available to all interested parties through Moralee & Co with no direct approach to be made to either the owners or management of the public house.
THE BUSINESS
The Colonel Linskill public house is a popular community local and briefly comprises bar and lounge areas with a central bar servery. Both the bar and lounge areas are furnished with fixed and loose furnishings. The bar area housing pool table and darts throw area. The pub is currently operating on 100% wet sales and has a popular real ale trade. Any potential purchaser looking to increase turnover would also have the option to introduce food to the business. Completing the ground floor plan are the male and female toilets with the cellar situated at basement level. The business also benefits from large three bedroom manager’s accommodation situated at first floor level.
There is potential to extend the development site by demolishing the existing public house and submitting a planning application for the entire site to be developed. Our clients have informed us that a minimum of 10 flats would potentially fit on the site as a whole. All interested parties should make their own enquiries with the relevant planning authorities.
TRADING INFORMATION
The business is currently trading under full management with an approximate net turnover of £120,000 per annum with good net profits. Accounts will be made available to genuinely interested parties who have viewed the business through Moralee & Co.
TENURE
We are advised that the site and public house are Freehold.
SERVICES
We are advised by our client that the site has all mains services.
ASKING PRICE
£400,000 for the sale of the entire share capital of Ostfeld Ltd.
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: | 1680 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | |
