Restaurant for sale

Fore Bondgate, Bishop Auckland, Durham, DL14 7PF

£280,000
1,508 sq. ft.

Property Description

Commercial information

  • 1,508 sq ft (140 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Ground Floor Cafe
  • Holiday Letting Accommodation
  • Business Established Since 1898
  • Freehold Title
  • Significant Building
  • Fixtures and Fittings Included

Full description

Tenure: Freehold

The subject property is a three storey, four floor, mid terrace retail premises with residential accommodation across the ground, first, second and third floor. The property currently benefits from housing two successful businesses: Sam Zair's Cafe and the Old Assembly Rooms holiday letting business.

The ground floor benefits from A3 cafe use class with the business currently trading as 'Sam Zair's Cafe'. Internally the premises benefits from main sales area, traditional full height glazed window frontage with seating area extending to the rear elevation. The demise is fully fitted and equipped for the cafe trade with circa 40 covers.

Separate access leads to a four bedroom holiday let over three floors. The holiday letting can house up to seven people throughout the area and includes a shared kitchen and large living/dining room. All aspects of the demise have been recently improved including new windows and roof in parts as well as a full decorative renovation.


Location 
The subject property is located on Fore Bondgate, Bishop Auckland. Fore Bondgate lies perpendicular to Newgate Street and parallel to Finkle Street, an area provided by a reasonable level of services and facilities together with good levels of footfall and passing trade. As seen within the news, Bishop Auckland has been subject to recent investment. The plans for the area include restoration of the existing castle, visitor welcome centre, transformation of the former bank at market square along with new study facility for graduate art students. The above combined with a 100m plan to create a historical leisure park in the area should act as a catalyst for investment and increase tourist footfall, all of which would be beneficial to both Sam Zair's Cafe and in particular the holiday letting business. Source: https://bdaily.co.uk www.thenorthernecho.co.uk

Accommodation 
Four floor, three storey mid terrace premises: Access from street level leading to: GROUND FLOOR: A3 cafe premises, main sales area with display counter and commercial kitchen along with 40 covers extending to rear elevation. Separate access leading to holiday letting accommodation as follows: FIRST FLOOR: Kitchen: 3.9m x 3.7m Lounge: 6.4m x 6.0m Bedroom 1: 2.0m x 5.9m (Twin Room) Bedroom 2: 1.9m x 3.3m (Single Room) Bathroom SECOND FLOOR Bedroom 3: 3.9m x 3.9m (Double Room) THIRD FLOOR: Bedroom 4: 6.0m x 5.7m (Double Room) EXTERNAL: Yard leading to Finkle Street, an alternative entrance for customers. The premises benefits from gas, water and electricity supply.

Cafe Business Details 
Established since 1898, 'Sam Zair's Cafe' has accrued an excellent reputation within Bishop Auckland over the years with an established customer base. The business also allows to be developed further through the introduction of longer hours, particularly into the evening. Accounts will be made available to interested parties able to demonstrate their ability to purchase the business. All fixtures and fittings are included within the sale. We have been advised, 2015/16 and 2016/17 grants are available from Durham County Council.

Holiday Letting Business Details 
The Old Assembly holiday lets is a relatively new business venture which has been set up in the former living quarters within the subject property. The conversion was completed in May 2017 and as such the majority of the fixtures and fittings within are new whilst still retaining some of the original features of the original property. The property is advertised to let on several holiday letting websites and have generated a good level of interest so far. Details of which can be provided upon request. Accounts will be made available to interested parties able to demonstrate their ability to purchase the business. All fixtures and fittings are included within the sale.

Tenure 
The subject property described as 10 Fore Bondgate, Bishop Auckland, DL14 7PF, is being offered by way of private treaty Freehold sale and is provided with the Title Number: DU145807. Any interested parties should have their legal advisor check this.

Rateable Value 
The adopted rateable value is 3,850 as effective from 1st April 2017. Sourced from VOA.

EPC 
A copy of the Energy Performance Certificate can be provided upon request.

VAT 
We are advised that VAT is not applicable on this transaction.

Additional Information 
For further information please contact our office direct on 0191-425-1507, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

More information from this agent

Nearest stations

  • Bishop Auckland (0.6 mi)
  • Shildon (3.1 mi)
  • Newton Aycliffe (5.0 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

  • Bishop Auckland (0.6 mi)
  • Shildon (3.1 mi)
  • Newton Aycliffe (5.0 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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