Bar / Nightclub for sale

The Crossings, Byerley Road, Shildon, Durham, DL4 1HH

Guide Price* 166 sq. m. | £90,000

Property Description

Commercial information

  • 1,794 sq ft (166 sq m)

Key features

  • Public House Free of Tie
  • Three Flats To The First Floor
  • Fully Fitted Bar Area
  • Freehold Title
  • Pub Let
  • Prominent Position

Full description

Tenure: Freehold

COMMERCIAL UNCONDITIONAL AUCTION: STARTING BID 90,000

The subject property known as 'The Crossings' is a detached public house. The property which occupies a prominent position on Byerley Road benefits from fully fitted and equipped bar, kitchen and W.C facilities to the ground floor with three residential flats to the first floor. Externally the premises benefits from off street parking, enclosed smoking area and separate electric roller shutters providing vehicular access.

We are advised subject is a Free House - Free of Tie. The public house element is currently let out on a 12 year term which commenced on the 1st August 2015.

LOCATION:
The subject property is located on Byerley Road, Shildon. Shildon and surrounding areas are made up primarily of residential properties. This is an established location, with good access links provided by the A1 to the East, and Durham city centre approximately 13 miles North.

ACCOMMODATION:
Two storey detached public house:

Access from street level leading to:

Ground Floor: fully fitted and equipped bar area, CCTV and alarm system throughout, pool table, kitchen to the rear, male and female W.C facilities.

First Floor: Separate access leading to three individual flats. Two of which are let on AST terms with a total rental income of 600 pcm. The third flat is currently in the process of being refurbished and will provide two individual bedrooms, living room and bathroom facilities.

External: The premises benefits from off street parking, enclosed smoking area and electric roller shutter providing vehicular access.

Total NIA approximately: 166.7m2 (1,794ft2).

LEASE TERMS:
The public house element of this property is currently let out on a 12 year term, commencing from 1st August 2015. The passing rent is 12,000 per annum exclusive.

RATEABLE VALUE:
The adopted rateable value is 6,500 as effective form 01 APRIL 2010. Source www.voa.gov.uk.

TENURE:
The subject property described as The Crossings, Byerley Road, Shildon is being offered by way of an private treaty Freehold sale and is provided with the Title Number: tbc. Any interested parties should have their legal advisor check this.

EPC:
We await a copy of the Energy Performance Certificate.

FIXTURES & FITTINGS:
We have been advised the gaming machines are not included in the lease or sale. These will be re-let back to the willing tenant or removed if the premises is sold. The catering and fixtures and fittings are in addition to a sale or lease.

AUCTION INFORMATION:
The subject property/site is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of £3600. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (650.00 pounds plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

Nearest stations

  • Shildon (0.4 mi)
  • Newton Aycliffe (2.5 mi)
  • Bishop Auckland (2.5 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

  • Shildon (0.4 mi)
  • Newton Aycliffe (2.5 mi)
  • Bishop Auckland (2.5 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 834. 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.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 2324392.


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