Price of £175,000
The premises are located on Bridge Street which extends from the Monkwearmouth Bridge into the City Centre. The pub is close to the junction of Bridge Street with High Street West and other nearby occupiers include Sports Direct, Marks & Spencer’s and RBS bank. The immediate area is a mixture of retail, leisure, office and student accommodation and there is significant investment taking place nearby with the planned re-development of the former Vaux Brewery site.
The premises comprise a mid-terraced four storey property located within a busy parade which has the benefit of short term pull in parking outside. The premises comprises of a basement, ground floor bar, first floor function room and storage space to the second floor.
Ground Floor Bar Area 124.5m² (1,340ft²)
First Floor Function Room 58.5 m² (630 ft²)
Basement Cellar 106.8 m² (1,150 ft²)
Description RV Estimated Rates Payable
Public House £16,750 £8,224.25
We are advised that the rateable value of the premises as at 1 April 2017 is £16,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Each party is to bear their own legal costs involved in the transaction.
MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
For general enquiries and viewing arrangements please contact Michael McGhin at Bradley Hall.
Tel: 0191 563 4242