Food

Back to: Food | Retail | Miscellaneous

---

Arrange a viewing

REF: NE2143

Please enter your details below and one of our team will be in touch shortly to arrange a viewing that's best for you.

Forename * Surname * Email * Telephone *

---

Address line 1 * Address line 2 Postcode * Country United Kingdom Albania Andorra Austria Belarus Belgium Bosnia and Herzegovina Bulgaria Croatia (Hrvatska) Cyprus Czech Republic France Gibraltar Germany Greece Holy See (Vatican City State) Hungary Italy Liechtenstein Luxembourg Macedonia Malta Moldova Monaco Montenegro Netherlands Poland Portugal Romania San Marino Serbia Slovakia Slovenia Spain Ukraine Denmark Estonia Faroe Islands Finland Greenland Iceland Ireland Latvia Lithuania Norway Svalbard and Jan Mayen Islands Sweden Switzerland Turkey

---

Comments Arrange a viewing Back to details

 

 

Bar/Retail/Food Opportunity

South Shields

£299,000 (Freehold)

REF: NE2143

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.

 

Business Opportunity

 

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.

Rates

 

The premises are assessed as follows:

Rateable Value £12,250

Rates incentives subject to status.

 

Tenure

 

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.

 

EPC

 

Rating – C.

 

Money Laundering Regulations

 

In accordance with the current Anti-Money Laundering Regulations, the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

Arrange a viewing Download details View on map

Back to: Food | Retail | Miscellaneous