Bar / Nightclub for sale

Raffles Wine Bar, 42/46 Ocean Road, South Shields, Tyne and Wear, NE33 2HZ

£295,000

Property Description

Commercial information

  • Business for sale

Key features

  • High Street position
  • Part of established drinking circuit
  • Four storey, imposing corner building
  • Closed bar on the ground
  • Former nightclub to the first floor
  • Potential for conversion (STPP). Energy Rating C
  • Christie & Co Ref: 6450392

Full description

Tenure: Freehold

Description

An imposing three storey end of terrace property with prominent frontage on to Ocean Road, forming part of established licensed circuit.

Location

The property occupies a corner site, highly visible from the main road, situated on a pedestrianised street forming part of a long established licensed circuit.

There are also a number of other commercial premises nearby including Morrisons supermarket and Halifax bank.

Internal Details

The ground floor comprises a large open plan bar area which is in a shell condition. There is a bar servery to the left of the main dance floor area.

Ancillary accommodation includes; ladies and gentleman's toilets along with an office and access to the beer cellar.

The first floor was formerly used as a nightclub and briefly comprises a bar servery, dance floor and customer toilets. This floor can be accessed separately and therefore can be operated independently to the ground floor.

The second floor is used as storage space but has potential for conversion to an owners or managers flat.

There are also further rooms in the loft space.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement

The Opportunity

The business has been closed for some time due to the former operators want to concentrate on other business ventures. The property is therefore in need of refurbishment, but presents an excellent opportunity, for an experienced operator to re-launch the business under a different guise.

Business Rates

The Rateable Value is £16,700 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • South Shields (0.3 mi)
  • Chichester (0.6 mi)
  • North Shields (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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

  • South Shields (0.3 mi)
  • Chichester (0.6 mi)
  • North Shields (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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 6450392-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 , Newcastle Upon Tyne. 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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