Hotel for sale

Grainger Street, Newcastle upon Tyne, Tyne and Wear, NE1 5JE

592 sq. m. | £195,000

Property Description

Commercial information

  • 6,372 sq ft (592 sq m)
  • Use class orders: C1 Hotels

Key features

  • City Centre Business
  • Hostel Hotel
  • Popular With Groups
  • Online Booking
  • Up to 75 Beds Available

Full description

Our instructions are to sell this city centre hostel/bunkhouse style business, located within a building that is lease from a third party.

Heroes is a Hostel-Hotel within the walls of the city of Newcastle upon Tyne. It is 10m from the famous Bigg Market within walking distance of the Theatre Royal, the Cathedrals, the Metro Radio Arena, Newcastle United Football Ground, the Newcastle Quayside, Bridges, The Gate entertainment complex, bars and Aspers Casino. Eldon Square Shopping Centre is only 100m from Heroes Hostel-Hotel.

The Metro Centre is a 15 min bus or train ride away. The whole of the North East history is within its reach, including the world famous Hadrians Wall and Vindolanda Roman Camp which is an acclaimed World Heritage site. Also fun activity days can be arranged, such as paintballing, go-karting, clay pigeon shooting and more.


Location 
The business is situated within Grainger Street, Newcastle Upon Tyne, located within the main leisure district of the city centre. Grainger Street is an established retail street stretching from Grey's Monument, south to Westgate Road. Grainger Street is an established shopping location within the city centre, with a number of household retailers encouraging high levels of footfall and passing trade.

Accommodation 
Heroes Hostel-Hotel is in the city centre and is in a redeveloped Victorian building. It has 14 bedrooms over 3 floors, comprising twin and triple bunk beds in 14 rooms for 1, 2, 3, 4, 5, 6, 8 and 9 persons. All of the 14 rooms are en-suite with shower, toilet and washbasin.

Business Details 
The business operates on a bed by bed charge with online booking facility. Our client will discuss turnover with interested parties on viewing. It is currently operated by family members, to be sold free of tie of staff.

Lease Terms 
The premises are offered by way of new 25 year sublease as a passing rental of �519 per week (�26,988 per annum).

EPC 
Available upon request.

VAT 
We are advised that VAT is not payable on this transaction.

Additional Information 
For further information please contact our office direct on 0191-425-1507, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Newcastle Central (0.2 mi)
  • Manors (0.5 mi)
  • Jesmond (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newcastle Central (0.2 mi)
  • Manors (0.5 mi)
  • Jesmond (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 188248. 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 Pattinson Estate Agents, Commercial. 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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