Hotel for sale

Heroes, 71 Grainger Street, Newcastle Upon Tyne, NE1

Fixed Price £195,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: C1 Hotels

Key features

  • City Centre Business
  • Hostal Hotel
  • Popular With Groups
  • Online Booking
  • Up to 75 Beds Available

Full description

Our instructions are to sell this city centre hostel/bunkhouse style business located within a building that is lease from a third party.

The following information is taken from their website:

Heroes is a Hostel-Hotel is within the walls of the City of Newcastle on Tyne. It is 10 metres from the famous 'Bigg Market within walking distance of the Theatre Royal, the Cathedrals, the Metro Radio Arena, Newcastle United Football Ground, the Newcastle Quayside and Bridges. 'The Gate' entertainment complex, bars and Aspers Casino. The 'Eldon Square' Shopping Centre is only 100 metres from Heroes Hostel-Hotel.

The Gateshead Metro Centre is a 15 min bus or train ride away. The whole of the North East history is within your reach, visit the world famous 'Hadrians Wall' and 'Vindolanda Roman Camp' which is an acclaimed World Heritage site.

Also Fun days can be arranged such as paintballing, go-karting, clay pigeon shooting

LOCATION:
The business is situated within Grainger Street, Newcastle Upon Tyne, located within the main leisure district of the city centre.

Grainger Street is an established retail street stretching from Greys Monument south to Westgate Road. Grainger Street is an established shopping location within the city centre with a number of household retailers encouraging high levels of footfall and passing trade.

ACCOMMODATION:
Heroes Hostel-Hotel is in the City Centre and is in a redeveloped Victorian Building. It has 14 bedrooms over 3 floors, comprising Twin & Triple Bunk Beds in 14 rooms for 1, 2, 3, 4, 5, 6, 8 and 9 persons. All of the 14 rooms are en-suite with shower, toilet & washbasin.

BUSINESS & SALES:
The business operates on a bed by bed charge with on line booking facility.

Our client will discuss turnover with interested parties on viewing.

STAFF:
Currently operated by family members, to be sold free of tie of staff.

LEASE TERMS:
The premises are offered by way of new 25 year sublease as a passing rental of 519 per week (26,988 per annum).

EPC:
Rating: F

Nearest stations

  • Newcastle Central (0.2 mi)
  • Manors (0.5 mi)
  • Jesmond (0.9 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

  • Newcastle Central (0.2 mi)
  • Manors (0.5 mi)
  • Jesmond (0.9 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.

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