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Commercial development for sale

Walter Street, Jarrow, Tyne and Wear, NE32
Commercial development
4866
Added > 14 days

Features and description

  • Public House and car park.
  • Development potential subject to planning consent . Central location close to amenities.
  • Offers over £195,000 plus VAT
Public House and car park. Development potential subject to planning consent . Central location close to amenities. Offers over £195,000 plus VAT

The property comprises a two-storey detached building of rendered brick construction with UPVC double glazed windows under a slate covered pitched roof.

The front part of the property has been refurbished recently as a bar. The rear part of the ground floor has been partly refurbished to provide a restaurant with commercial kitchen.

To the first floor is a former two bedroom flat which is in need of refurbishment and a large function room. There is also a cellar, gas fired central heating to radiators and a fire alarm system.

There is a car park and outdoor seating area to the side of the property.

The property extends to a site area of 0.21 acres (0.09 hectares) or thereabouts.

Rooms

Accommodation
We have calculated the gross internal area as follows: Ground floor bar158.56 sq m(1707 sq ft) Ground floor restaurant96.91 sq m(1043 sq ft) First floor196.64 sq m(2116 sq ft) Total452.11 sq m(4866 sq ft)

Services
We understand the property benefits from all mains services. However, we recommend all interested parties make their own enquiries as to service capacity.

Terms
The property is available freehold with vacant possession on completion at offers in excess of £195,000 plus VAT.

Rates
The property is assessed for rating purposes as follows: Description: Public House & premises Rateable Value: £4,000 We understand that the first floor flat is a Band A property. Occupiers of the property are likely to benefit from small business rates relief for the bar. Interested parties should verify the accuracy of this information and rates payable with the Business Rates department of the Local Authority.

VAT
The property is registered for VAT and therefore VAT will be payable on the sale price.

Legal Costs
Each party to bear their own legal costs.

Service Charge

Viewing
Strictly by appointment with sole agents, YoungsRPS.

PROPERTY
DEVELOPMENT POTENTIAL Pre-application enquiries have been undertaken with the Local Planning Authority. This has established that conversion of the property to a wholly residential use or, the demolition of the existing property and construction of residential properties is likely to be acceptable in planning terms subject to the satisfactory design and massing of the building. Further details of the pre-application enquiries are available on request. ENERGY PERFORMANCE CERTIFICATE the property has an EPC rating of C-56. A copy of the EPC and recommendation report is available on request.

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About this agent

Youngs RPS - Commercial
Youngs RPS - Commercial
23 Grey Street Newcastle Upon Tyne NE1 6EE
0191 228 6167
Full profileProperty listings
Our in-house team of commercial surveyors and planning consultants based in Newcastle are experts in their field and can provide a range of professional services. Whether you are looking to buy, sell or let your property or require property management or valuations, our chartered surveyors and valuers offer sound advice and deliver optimum results working throughout the north east including Newcastle, Gateshead, Sunderland, Durham and Northumberland.
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