Bar / Nightclub for sale

Chambers Bar & Haze Nightclub, 2 - 6 Albert Road, Middlesbrough, Cleveland, TS1 1QA

POA

Property Description

Commercial information

  • Business for sale

Key features

  • Large corner terraced building in town centre
  • Good standard of presentation throughout
  • 4 separate self-contained trading rooms
  • Located amongst other licensed venues
  • Owner's/manager's flat on top floor
  • Close proximity to train station & major road links. Energy Rating D

Full description

Tenure: Leasehold

Description

Chambers Bar Bistro & Haze Nightclub are both well established licensed premises which provide a diverse late night drinks offer.

Situated within a striking and characterful period property, both bars have been fitted out in a modern and contemporary fashion.

Location

The property occupies a prominent position on the corner of Albert Road and Wilson Street, it is in close proximity to many other commercial and licensed premises, as well as a number of pay and display car parks and Middlesbrough railway station.

Middlesbrough is accessed via the A66 dual carriageway, providing excellent links to the A19 North-South carriageways, Durham is circa 27 miles to the North West and Newcastle Upon Tyne is circa 40 miles North.

Ground Floor

The ground floor occupies one of the longest main bars in town, there is a mixture of standing areas, with table, chair and booth seating as split level trade.

Other Floors

The first floor is home to the main club room, with a number of VIP booths, dance floor and bar servery.

The second floor benefits from it's own bar servery, dance floor and DJ Booth.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fitting are owned outright and will be included in the sale, subject to an inventory.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Tenure Details

The premises is offered by way of a new lease on FRI, terms to be negotiated. Rent reviews will be on an upwards only basis, at five yearly intervals.

Option 1 - Bar & Nightclub: Ground, first and second floors (excluding flat) OIEO £75,000 pax

Option 2 - Bar: Ground floor only OIEO £55,000 pax

Option 3 - Nightclub only: First and second floors (excluding flat) OIEO £45,000 pax

Lease premium is negotiable depending on which option is taken.

Owner's Accommodation

There is a four bedroom flat at third floor level, with lounge, bathroom, kitchen and store room. This space is currently in shell condition and in need of refurbishment.

The Opportunity

Chambers Bar & Haze Nightclub are both established businesses, currently owned and operated in tandem.

It would make commercial sense for one tenant to take over both businesses, but the two could be operated independently.

This is an ideal opportunity for an experienced operator to take on a new, free of tie lease on a premises which has seen significant refurbishment in recent years, and is situated in a developing area of the town centre.

Staff

A full schedule of staff, along with rates of pay and terms of employment, can be provided to seriously interested parties on application.

Business Rates

The Rateable Value is £27,000 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises Licence.


More information from this agent

Nearest stations

  • Middlesbrough (0.1 mi)
  • South Bank (2.3 mi)
  • Billingham (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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

  • Middlesbrough (0.1 mi)
  • South Bank (2.3 mi)
  • Billingham (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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.

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