3 bed Bar/cafe/business Sale

Michael Hodgson

Pro Seller · View My Profile · 01915 657000

You have no shared connections.

· Joined: Feb 18, 2011

£140,000

3 bed Bar/cafe/business Sale

Listing is Expired

We're sorry, the listing is no longer active.

3 bed Bar/cafe/business Sale in Pallion TWR is a Commercial Property

Price:

£140,000 Get Prequalified Today

Contact:

01915 657000

BR/BA:

3 BR, 1 BA

Location:

Pallion, Tyne & Wear

Description:

FOR SALE - FREEHOLD FREE OF TIE PUBLIC HOUSE - An exciting opportunity to acquire a freehold, free of tie, public house situated in Millfield Sunderland. The public house comprises of an open plan bar area with a number of individual seating areas, bar and WC's to the rear. There is a basement / cellar. The bar area has recently been re fitted. Situated above the pub is a three bedroom self contained flat with separate access. The flat briefly comprises of: Entrance Vestibule, Stairs to First floor, Lounge, Kitchen/Breakfast Room, Utility, Three Bedrooms and Bathroom. The flat is currently let on an assured shorthold tenancy at a passing monthly rental of £450, (£5,400 per annum). The property is well located for access to Sunderland City Centre, Sunderland University and Sunderland Royal Hospital. The premises are for sale a whole or in parts, further details upon request.

FOR SALE - FREEHOLD FREE OF TIE PUBLIC HOUSE - An exciting opportunity to acquire a freehold, free of tie, public house situated in Millfield Sunderland. The public house comprises of an open plan bar area with a number of individual seating areas, bar and WC's to the rear. There is a basement / cellar. The bar area has recently been re fitted. Situated above the pub is a three bedroom self contained flat with separate access. The flat briefly comprises of: Entrance Vestibule, Stairs to First floor, Lounge, Kitchen/Breakfast Room, Utility, Three Bedrooms and Bathroom. The flat is currently let on an assured shorthold tenancy at a passing monthly rental of 450, (5,400 per annum). The property is well located for access to Sunderland City Centre, Sunderland University and Sunderland Royal Hospital. The premises are for sale a whole or in parts, further details upon request.
SITUATION
FOR SALE - FREEHOLD FREE OF TIE PUBLIC HOUSE - An exciting opportunity to acquire a freehold, free of tie, public house situated fronting North Ravens worth Street in Millfield Sunderland. The property is well located for access to Sunderland City Centre, Sunderland University and Sunderland Royal Hospital.
The premises are for sale a whole or in parts, further details upon request.
DESCRIPTION
The public house comprises of an open plan bar area with a number of individual seating areas, bar and WC's to the rear. There is a basement / cellar. The bar area has recently been re fitted.

ACCOMMODATION
We calculate the bar provides the following approximate net internal areas:
Bar / Seating Area: 78.56 sq m (846 sq ft)
Basement / Cellar: 54.94 sq m (591 sq ft)

SELF CONTAINED FLAT
The flat briefly comprises of: Entrance Vestibule, Stairs to First floor, Lounge, Kitchen/Breakfast Room, Utility, Three Bedrooms and Bathroom. The flat is currently let on an assured shorthold tenancy at a passing monthly rental of 450, (5,400 per annum).
PURCHASE PRICE
159,950 for our clients valuable freehold interest.
The pub / bar and flat may be sold separately. Further details upon request.
RATEABLE VALUE
Following an enquiry on the Valuation Office website we have ascertained that the Rateable Value is 5,200. However this figure cannot be relied upon and if necessary a written request should be made to the Local Authority for confirmation. The Uniform Business Rate for the Rates Year 2010/2011 is 41.4p.
LEGAL COSTS
Each party will be responsible for their own Legal Fees incurred in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
Strictly by appointment only through sole joint agents Michael Hodgson Chartered Surveyors & Estate Agents. Tel No. (0191) 5657000
.

Michael Hodgson Chartered Surveyors for themselves and for the vendor(s) of this property whose agents they are, give notice that: 1 The particulars do not constitute any part of an offer or contract. 2. None of the statements contained in these paragraphs as to the properties are to be relied on as statements of representations of fact. 3. Any intending purchaser must satisfy himself or herself by inspection or otherwise as to the correctness of each statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither Michael Hodgson Chartered Surveyors nor any person in their employment has authority to make or give, any representation or warranty whatsoever in relation to this property.5. None of the buildings services or service installation (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and is not warranted to be in working order. Nothing in these particulars should be deemed to be a statement that they are in good working order or that the property is in good structural condition or otherwise. 6. It should not be assumed that the property has all necessary planning, building regulations or other consents.
These particulars have been prepared as agents for our client and are intended as a guide to supplement an inspection or survey. Their accuracy I not guaranteed. They contain statements of opinion and in some instances, we have relied upon information provided by others.
You should verify the particulars on your visit to the property and particulars do not obviate the need for a full survey and all appropriate enquiries. Accordingly, there shall be no liability attached to Michael Hodgson or its representatives as a result of any error or omissions in the particulars or any other information given. Such information is given without responsibility.

Property Type:

Commercial & Office Space for Sale

Sq feet:

846 sq. ft.

For sale by:

Agent/Broker

Phone:

01915 657000

Posted:

March 5 2011 on Facebook

Contact:

01915 657000