Pub for sale
Property description & features
Material Information - Rateable Value £1,400.
Council Tax Band A.
EPC rating C.
Property is of traditional brick wall construction with a tiled roof.
Property is connected to all mains services.
Water supply is metered.
Standard, superfast and ultrafast broadband available.
Good mobile coverage.
On street parking available - charge may apply.
Asking price £175,000.
Tenure Freehold.
Location And Situation - The property is prominently situated on the corner of Albion Road and Nile Street in North Shields, Tyne & Wear.
North Shields is a large historic town located on the north bank of the River Tyne approximately 9 miles east of Newcastle city centre. Specifically, the property is located at the junction of Albion Road ane Nile Street forming part of the Norther area of North Shields town centre. North Shields town centre provides a variety of services, facilities, leisure and transport connections to the local population and surrounding communities.
Description - The subject property is a two storey corner terrace public house currently trading as the 'The Top House Bar' on the ground floor and cellar. There is a separate two bedroom first floor flat currently let at £480pcm on assured shorthold tenancy terms.
Business Information - The Top House Bar is currently trading with a full time manageress and six part time members of staff. Opening House include 8am to 11pm Monday to Thursday, 8am to 1230am Friday and Saturday and 12 noon to 10:30pm on Sunday.
The main income fro the business is generated through wet sales. The gross turnover for the period ended 31st October 2022 is reported as £197,319 and a gross profit of £108,724. Further information is available on request for any parties wishing to continue the going concern.
Ground Floor Accomodation - Entrance Lobby
Main Bar 50.29sqm (541.3sqft)
Games Room 27sqm (290sqft).
Male WC
Female WC
Floor Area 77.29sqm (828.84sqft)
Basement cellar 38.3sqm (412.3sqft)
First Floor Accomodation - The property is currently let on Assured Shorthold Tenancy Terms. Photos available on request.
Entrance Hall - with stairs to landing.
Lounge - 4.66m x 3.51m (15'3" x 11'6") -
Kitchen - 4.25m x 1.75m (13'11" x 5'8") -
Bathroom With Wc - 3.51m x 2.13m (11'6" x 6'11" ) -
Bedroom One - 3.7m x 4.66m (12'1" x 15'3") -
Bedroom Two - 4.6m x 3.04m (15'1" x 9'11" ) -
Roof Terrace -
Tenure - Freehold
Asking Price - £175,000 plus VAT
Energy Performance Certificate - Commercial EPC to Follow.
Rateable Value & Council Tax - The property is assessed for business rates as follows:
Description:Public House and Premises
Rateable Value:£1,400
The residential accommodation is assessed for council tax within Band A.
Vat - We understand that VAT is payable.
Money Laundering - In accordance with the Anti-Money Laundering Regulations the applicants will be required to provide two forms of identification and proof of the source of income.
Viewing - By appointment only.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 32693800. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by R. A. Jackson & Son - North Shields.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.