Albion Road, North Shields
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Pub for sale
Description
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.
Energy Performance Certificates
EE RatingBrochures
Albion Road, North Shields
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- North Shields Metro Station0.2 miles
- Meadow Well Metro Station0.9 miles
- Tynemouth Metro Station1.1 miles
Notes
Disclaimer - Property reference 32693800. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by R A JACKSON & SON LLP, North Shields. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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