{"loaderData":{"0-6":{"propertyListing":{"building":{"id":"730294343270240","summary":"Freehold. Located in Town Centre. Popular Venue for many years. 3 Separate Trading Areas (2 Vacant). Site Size: 0.215 Acres. Potential for Alternative Use/Conversion STPP","archived":false,"description":"Description

A large three storey property of brick construction, under a slate tiled roof, built around 1889. This impressive property has operated as a theatre as well as various licensed venues over the years and is well known within the area.

Currently split into three separate trading areas:

• A large bar/nightclub, previously known as VIVA
• A well presented bar restaurant, previously known as Tinker Smiths, to the rear of the property
• A burger bar situated to the front of the building

All three sites achieved an annual rent of c.£75,000 plus VAT. Previous rents achieved on Viva - £30,000 plus VAT, Tinker Smiths £30,000 plus VAT)

The burger bar is currently held on a tenancy at will contract, with an annual rent of £15,000.

Location

Viva is located on the corner of Mile End Road and Stanhope Street in South Shields town centre. Steeped in local history, this iconic building, formerly the Gaumont Cinema building and originally The Scala and the Royal Assembly Rooms, has been a popular venue for many years with the locals and visitors to the town.

Located on an established circuit, and within easy walking distance of the Metro station, the area is busy with good levels of footfall with many bars and restaurants nearby.

South Shields is undergoing significant investment at the moment as well as preparing for the relocation of South Tyneside College and South Shields Marine School. This will bring a huge number of students and staff into the town centre and should provide a boost to all sectors of the local economy.

Internal Details

Viva - Now Vacant
Ground and first floor bar/trading areas.

Tinker Smiths/Boiler Room - Now Vacant
Ground floor bar and restaurant trading area, with central bar servery. Commercial Grade kitchen, pot wash, WCs and access to first floor. The first floor consists of a separate function room with bar servery, glass wash area, storage facilities and WCs. The area offers an opportunity to be split into four separate trading units. See plan on page 8.

Burger Bar
Ground floor takeaway, which is currently tenanted on an at will basis. Existing tenant would like to renew a lease.

Ancillary Areas

WCs
Kitchen
Storage facilities
Access to other floors
Cellar
Storage
Office (situated in the basement)

The Opportunity

10 Mile End Road offers a great opportunity for either an existing owner/operator to purchase this well renowned site, refurbish if/where necessary and continue to trade the two sites. Ideally located in the town centre, close to the shopping centre, the property was frequented by many locals and visitors to the town.

The rear part of the building, previously known as Tinker Smiths, offers an opportunity to be split into 4 separate trading units. (See potential plan on page 8). Add to this an already fully fitted function room on the first floor, the property lends itself to achieving multiple income streams. Previous rent achieved on both vacant sites was £60k plus VAT per annum, by increasing the number of units, there is potential to increase the rental income.

Estimated rental values on split sites: Viva £30,000, Function room £8,000, Unit 1 £15,000, Unit 2 £12,000, Unit 3 £6,000, Unit 4 £15,000.

Alternatively, the property may suit a developer who is looking for potential change of use (subject to the usual local authority planning consents).

Business Rates

The Rateable Values as at 1 April 2023 are:

10 Mile End Road - £20,000
Tinker Smiths - £36,250

Confirmation of actual rates payable can be obtained from the local Authority.

Regulatory

Premises Licence

","disclaimer":{"raw":"Disclaimer - Property reference 6450548-fh. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by Christie Owen & Davies Ltd, Pubs & Restaurants. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Located in Town Centre","Popular Venue for many years","3 Separate Trading Areas (2 Vacant)","Site Size: 0.215 Acres","Potential for Alternative Use/Conversion STPP","Fully Licensed - EPC Rating B","Christie & Co Ref: 6450548"],"environment":{"epcRating":"B","breeamRating":null,"environmentalDescription":null},"pricing":{"price":400000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":null,"planningPermission":null,"businessForSale":true,"media":{"brochures":[{"uri":"property-brochure/70239c536/730294343270240/70239c53656ee319e9a28d12c5c4c5fc.pdf","description":"Sales Details"}],"photos":[{"uri":"property-photo/5be3d13bc/730294343270240/5be3d13bc3839d2d1af9e4213a9ebeb5.jpeg","description":""},{"uri":"property-photo/e31b87db3/730294343270240/e31b87db303ad78d7160d0ce532a21b9.jpeg","description":""},{"uri":"property-photo/739912abd/730294343270240/739912abde4302819aa1a32760e3562d.jpeg","description":""},{"uri":"property-photo/142e205ad/730294343270240/142e205adcf082a97b990d1a9a0805e9.jpeg","description":""},{"uri":"property-photo/fb694f405/730294343270240/fb694f4052d55c75c6c29c201b60b066.jpeg","description":""},{"uri":"property-photo/acd435371/730294343270240/acd435371769340a0870ae5cb1141852.jpeg","description":""},{"uri":"property-photo/bbb972e2d/730294343270240/bbb972e2d5c9316cc8c4364c51a1fefc.jpeg","description":""},{"uri":"property-photo/8a9742488/730294343270240/8a974248840b7d3c8a83c1c7800793b2.jpeg","description":""},{"uri":"property-photo/031e4a6c1/730294343270240/031e4a6c106a50812cd6b39a1b50cf3b.jpeg","description":""},{"uri":"property-photo/b209a875b/730294343270240/b209a875bdc45bdc8d9202356ac04779.jpeg","description":""},{"uri":"property-photo/485924491/730294343270240/485924491d02bcbc10b521f4c33f4267.jpeg","description":""},{"uri":"property-photo/44985d8cb/730294343270240/44985d8cb37e369d48da4d72dd1b8853.jpeg","description":""},{"uri":"property-photo/18bb4ff87/730294343270240/18bb4ff8717b3820d76726d30f4a70cc.jpeg","description":""},{"uri":"property-photo/06480b9fc/730294343270240/06480b9fc5b429c45335f919e54b20a5.jpeg","description":""}],"floorPlans":[{"uri":"https://assets-eu-01.kc-usercontent.com/6bb3df3c-b648-01ae-2357-22fa5c7d5f19/e94e0dd7-de99-4ca9-9850-200d3a3a17fb/F6450548-1.jpg?w=1024&bc379075-a40b-478c-9695-1ef616476f10=1","description":""},{"uri":"https://assets-eu-01.kc-usercontent.com/6bb3df3c-b648-01ae-2357-22fa5c7d5f19/51097a94-4972-4dad-803e-f0ffb0415782/F6450548-2.jpg?w=1024&0944641e-5bf4-4e87-9b4b-a60c4044a928=1","description":""}],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"Viva & Tinkers Smiths, 10 Mile End Road, South Shields, Tyne and Wear, NE33 1TS","showMap":true,"postcode":{"incode":"1TS","outcode":"NE33"},"streetView":null,"latitude":54.999431,"longitude":-1.432544},"nearestStations":[{"distance":0.3169067237884013,"name":"South Shields Metro Station","types":["TRAM"],"unit":"miles"},{"distance":0.6137548768970137,"name":"Chichester Metro Station","types":["TRAM"],"unit":"miles"},{"distance":0.8909509672001601,"name":"North Shields Metro Station","types":["TRAM"],"unit":"miles"}],"agents":[{"name":"Christie Owen & Davies Ltd, Pubs & Restaurants","email":null,"profileUrl":"/estate-agents/agent/Christie-and-Co/Pubs-and-Restaurants-260759.html","logo":"/partner-logo/17609945-LOGO-1765963357.jpeg","id":260759,"description":"

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work
We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services
We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick
Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

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