Former Bar In South Shields For Sale

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:

New

Lease Terms:

The premises will be offered on a new lease for a term to be agreed. The asking rent will be £12,500 per annum but incentives may be available subject to agreement.

Freehold option available at £299,000 which include an income of circa £5,000 from advertising billboard.

Leasehold Rent:

£12,500 per annum

Location:

The property lies at the end of the pedestrianised section of Ocean Road, at the junction of Anderson Road. Ocean Road is the main route running from King Street down towards the seafront and on a prominent corner.

This area of South Shields is home to a very high concentration of restaurant and food operators. Further east, Ocean Road has undergone some significant investment with new parking bays and improved accessibility.

There is a mix of leisure, shop and office space in the immediate area and further east on Ocean Road there are residential dwellings, guest houses and hotels. Depending on the new use, all of these existing occupiers could generate trade.

Premises Details:

This bar and function room would be suitable for a number of uses and whilst the ground floor is in reasonable order, the upper floors would require some refurbishment prior to being brought back into use.

Premises

Comprises a 4 storey end-terrace property.

Ground Floor
Bar Area circa 2,000 sq.ft. (185 sq.m.)
Cellar Space circa 265 sq.ft. ( 24 sq.m.)
Ladies Toilets
Gents Toilets

First Floor
Function Room circa 1,450 sq.ft. (135 sq.m.)
Toilets

Second Floor
Front Room circa 925 sq.ft. (86 sq.m.)
Rear Room circa 200 sq.ft. (18 sq.m.)

Services

Water, electric and sewerage is installed.

Energy Performance Rating:

C

Other Information

Leasehold asking price:

£12,500 - Furniture / Fixtures included