Nancy's Bordello, 13 Argyle Street, Newcastle upon Tyne, United Kingdom, NE1 6PF
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Bar / nightclub for sale
Key features
- City Centre Location
- Split over Four Storeys
- Densely Populated Residential/Commercial Area
- Close proximity to Northumbria University
- Potential for Alternative Use (STPP)
- Licensed until 02:45am* - EPC Rating C
- Christie & Co Ref: 6450525
Description
Nancy's Bordello was a very successful 'neighbourhood bar' for more than 10 years prior to its closure, which was brought about by the pandemic. Popular with students and young professionals, the venue also had a strong function trade.
With another busy pub less than 200 metres away, demonstrating demand for licensed premises in the area, Nancy's presents a superb opportunity for an experienced licensed operator to reopen the site.
The property is located on Argyle Street in the Manors area of Newcastle upon Tyne, a densely populated residential area, primarily made up of student dwellings.
Manors Metro station is just a three minute walk away and Newcastle City Centre is less than half a mile away, just nine minutes walk. Newcastle Business School at Northumbria University is only a four minute walk away and the main campus a further few minutes. The renowned Quayside is also less than 10 minutes walk.
Ground Floor
Main Bar
First Floor
Second bar/function room with terrace
Second Floor
Commercial catering kitchen and offices
Basement
Cellar
We are advised that the majority of fixtures & fittings at the property are included in the sale, subject to an inventory.
VATPlease note that the purchase is subject to VAT at the prevailing rate.
The OpportunityThe business closed in March 2019 in line with Covid measures and has not reopened.
The owners, The Apartment Group, have focussed their attention on building their wedding venue business and have added numerous new venues to their portfolio during this time. Nancy's being a smaller venue has not been a focus of theirs.
This presents an opportunity for an aspirational pub/bar/restaurant operator to reopen a venue which held a superb reputation prior to its closure.
The immediate area is now far more densely populated than it was when the current owners used to operate the site which suggests it would likely be incredibly busy if it were to reopen.
Given that the property is located in such a high density residential area, it may be well suited for conversion to student accommodation or residential use, subject to the appropriate planning permissions being obtained.
Equally, conversion to office accommodation or other commercial use would be viable.
The Rateable Value as of 1 April 2023 is £35,500. Enquiries should be made with the Local Authority (Newcastle City Council) to determine Business Rates payable.
RegulatoryPremises License
Energy Performance Certificates
EPC 1Brochures
Nancy's Bordello, 13 Argyle Street, Newcastle upon Tyne, United Kingdom, NE1 6PF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Manors Station0.1 miles
- Jesmond Metro Station0.6 miles
- Newcastle Central Station0.6 miles
Notes
Disclaimer - Property reference 6450525-fh. 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 Christie & Co, Pubs & Restaurants. 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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