The Point, Holmside

Location
The City of Sunderland is situated on the North East coast, 15 miles south of Newcastle Upon Tyne (to which it is linked via the Tyne Wear Metro rail system) and has a residential population of 190,000, with a vast catchment population area in excess of 300,000 from the neighbouring smaller towns and villages to which Sunderland serves as the main retail and commercial centre.

The city centre is a weekend destination leisure drinking circuit being centred upon Holmeside, Vine Place and Green Terrace where the major venues are situated within easy walking distance of the University hub and the main Park Lane public transport interchange, at which bus and metro rail services from the catchment area terminate.

The Point occupies a strategic site at the junction of Holmeside with Park Lane, having return frontage to both and being situated opposite the main Holmeside entrance into The Bridges Shopping centre.

Description
The Point is a landmark building in Sunderland City Centre dating from 1920’s of early Art Deco architectural style, and being the former ABC Cinema which has been converted to leisure use. The property is of brick construction, under a flat concrete deck parapet roof with prominent full height glazed central main entrance section with high visibility glazed canopy and prominent signage.

Within the Park Lane frontage, there is separate access to ground floor level late night bars trading as Live Lounge and Glitterball with 800 and 500 person capacities.

A double width staircase provides access to the first floor events venue which has double height atrium ceiling, fitted long bar and island bar servery’s, with dance floor and raised stage area, providing space suitable for an array of purposes.

Fixtures & Fittings
Fixtures and fittings are included with the exception of personal items.

External Details
The property benefits from a Pavement License for 100 people.

The Point is one of Sunderland City centre’s landmark buildings which occupies a prime location at the junction of Park Lane with Holmeside, directly opposite the entrance to the Bridges retail mall. This is a unique opportunity for a purchaser to acquire a prominent building within Sunderland city centre at an exciting time of significant regeneration.

Trading Information
Trading information will be made available to seriously interested parties on request.

Trading Hours
The premises in its entireity are licensed from 10.00am to 4.00am seven days. Currently operated on limited trading hours to suit the operator.

Tenure
The property is available by way of Freehold. A sale and leaseback option may be considered to an experienced leisure operator.

Business Rates
Confirmation of business rates payable should be obtained from the local Authority.

Regulatory
Premises Licence

VAT
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.

Legal costs
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.

Viewing
For general enquiries and viewing arrangements please contact Helen Wall at Bradley Hall, or joint agent, David Cash at Christie & Co.

Email: helen.wall@bradleyhall.co.uk
Tel: 0191 5634242

Tenure: Freehold | EPC Rating: TBC | Superfast Broadband available | Unrestricted mobile phone coverage |

Services: The property benefits from mains gas, elecrticity and drainage.