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Commercial
Type: For rent
Tenure : Leasehold
Class: A1 Shops
Address: Close, Newcastle upon Tyne, Newcastle upon Tyne, Tyne and Wear NE1, UK
Categories:
Bar / Nightclub
Commercial Property
Hospitality
Rent: £60,000

Location

The property fronts onto The Close / Sandhill which runs along the Newcastle Quayside area, directly opposite the Swing Bridge and close to the Tyne Bridge and High Level Bridge.

The quayside is a popular location for bars and nightclubs with significant investment in the surrounding occupiers already taking place. The Waterside Hotel (Jimmyz Bar), Former Offshore 44 Premises and Chase Bar have recently been purchased and are undergoing transformations to provide bar / restaurant facilities.

Description

The opportunity comprises a ground and first floor former nightclub forming part of a four storey semi detached property which would suit a potential bar/restaurant/nightclub occupier.

Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice and has the following Gross Internal Areas (GIA):

Ground Floor   1,017 sq.ft.  (94.5 sq.m)

First Floor         1,378 sq.ft.  (128 sq.m)

Terms

The premises are offered to let by way of a new full repairing and insuring lease for a minimum term of 10 years. Asking rent is £60,000 per annum.

Legal Costs

Each Party will be responsible for their own legal costs.

VAT

All figures are net of VAT, where applicable.

Planning

We understand the ground and first floors have permission for use as Sui Generis (Nightclub) under the Town & Country Planning (Use Classes) order 1987 (as amended). For confirmation and further enquires please contact the local council’s planning department

Business Rates

We are advised that the property is currently entered into the Valuation List as follows;

Rateable Value:  tbc

Joint Agent

PM Commercial Property Consultants

Paul Murphy

Tel: 07984 302 525


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Bar / Nightclub for rent - Close, Newcastle upon Tyne, Newcastle upon Tyne, Tyne and Wear NE1, UK

Listed on: 20 August 2015
£60,000 Per annum
Marketed by
North East Commercial Property Ltd
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