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Property for sale

Venetian Pavilion, The Promenade


Property Description

Key features

  • Amusement Arcade For Sale
  • Development Opportunity
  • Prominent Location on Coastline
  • Total Size of 463sqm (4,983 sq ft)
  • Approximately 0.65 Acre Site
  • Freehold Available OIRO 425,000

Full description

SITUATIONThe subject property is situated in a very prominent coastal location on the Northumberland coastline in the town of Spittal. Spittal is located south of the renowned popular tourist town of Berwick upon Tweed which just south of the Scottish border. Spittal has been a popular holiday resort since the 18th century. The site lies one mile east of Tweedmouth and less than half a mile away from the East coast mainline, the A1 is also in close proximity at approximately 2 miles awayBerwick is benefitting from increased inward investment throughout the town which includes employment investment and housing developments. DESCRIPTIONThe arcade dates back to 1928 and is of solid brick construction beneath a pitched slate roof.This site is currently utilised as an amusement arcade, including: café, candy rock shop, outside play area and ample parking for customers. The property comprises of ground floor accommodation of approximately 4,983 ft2 and is situated right on the forefront of the coastline. Within the premises, is a fully equipped kitchen for supplying the café, office, toilets and large storage area and basement.A large scale car park is included in the disposal of the freehold, with the whole site circa 0.65 acres. The property proves a prime development opportunity subject to planning permission. On the other hand, the business is for sale and can continue to trade as arcade. This is an opportunity to purchase a well established business which has been with the current owners for over 30 years, with company information available upon request. Equipment includes: children’s rides, prize machines, pool table, pushers and AWP machines. The outdoor play area includes: bouncy castle, electric go karts, bungees, fun boats and crazy golf. In addition to this, the café can caters for 48 seats.ACCOMMODATIONSite 0.65 acres Ground floor accommodation 4,983 ft2TERMSThis site is available by way of freehold with offers in the region of £425,000 (Four Hundred and Twenty Five Thousand Pounds). PLANNINGThe site has potential for a number of uses subject to planning permission. COSTSEach party to bear their own legal costs involved with the transaction. VATAll rents, premiums and purchase prices quoted herein are VIEWINGFor general enquiries and viewing arrangements please contact Bradley Hall Chartered Surveyors. Tel: 01665 605 AGENTS NOTESYou may search our company website for details of all our current instructions

Listing History

Added on Rightmove:
04 July 2016

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