Property for saleGolden Square, Newcastle
Guide Price £895,000
CASHMERE NIGHTCLUB, GOLDEN SQUARE, BERWICK UPON TWEED TD15 1BG
Berwick's premier nightclub venue
550 capacity, realistic rental
Fully equipped with sound and light
Consistent turnover from an established business
The Cashmere Nightclub occupies a prominent position close to the historic Berwick Bridge and the town centre. Berwick upon Tweed stands close to the Scottish border with direct rail links to London and Edinburgh and is some 10 minutes from the A1 to the town centre.
The property is a 2 storey brick building with pitched roof together with rear courtyard and storage area to the rear.
The original owners and our clients have developed business from new converting this former garage into Berwick's premier nightclub venue on the licensed circuit.
To the ground floor is an entrance lobby with reception desk and cloaks cupboard. Entry and exit doors to the main ground floor venue which is open plan to the balcony first floor. Contemporary bar servery, large dance floor, DJ booth, air conditioning, seating area and games area. Ladies, gents and disabled WCs. 4 person lift to first floor. Surface cellar to the ground floor.
This galleried area also has its own contemporary bar area together with a fully equipped catering kitchen, ladies and gents WC, rear landing together with separate staff ladies, gents WC and office.
Large decked area to the rear with concrete hard standing and air conditioning compound together with outside store.
We are informed the property is connected to all mains services.
From an enquiry made of the Government website we were informed that the property is currently entered in the 2005 Rating List with effect from 1 April 2005 at a Rateable Value of £13,750 and described as Nightclub and Premises.
Prospective purchasers should check the precise rates payable with the Rating Authority.
The Premises Licence allows opening on the following:
Monday to Thursday 11.00 am until 02.00 am
Friday and Saturday 11.00 am until 04.00 am
Sunday 11.00 am until 12.30 am
Sunday Bank Holidays 11.00 am until 03.00 am
The premises are held on a 30 year lease from 19 July 2004 on a Full Repairing and Insuring basis. The passing rent is £27,500 per annum with a rent review due in 5 years.
Full trading information will be supplied to interested parties who have viewed the business.
Each party will be responsible for their own legal costs involved in this transaction.
Trade Fixtures And Fittings
The property is to be sold inclusive of trade fixtures and fittings.
All figures within these terms are exclusive of VAT where chargeable.
Strictly by prior appointment with Sanderson Weatherall, contact:-
Kevin McGorie Tel: 0191 2690174 or
Misrepresentation Act 1967:
Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agent it is give notice that:-
1. These particulars do not constitute any part of an offer or contract.
2. None of the statements contained in these particulars as to the property(s) are to be relied on as statements or representations of fact.
3. Any intending purchaser must satisfy himself/herself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
4. The vendor(s) or lessor(s) do not make or give and neither Sanderson Weatherall LLP nor any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to the property.
5. None of the buildings services or service installations (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and are not warranted to be in safe and working order.
Property Misdescriptions Act 1991:
Every reasonable effort has been made by Sanderson Weatherall LLP to ensure accuracy. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice.
Finance Act 1989:
Unless otherwise stated all prices and rents are quoted exclusive of V.A.T.
Sanderson Weatherall LLP
Registered In England company number OC 344 770.
Registered Office 25 Wellington Street Leeds LS1 4WG
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