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The Rattler, Sea Road, South Shields, NE33 2LD

£475,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Virtual Freehold, Currently Tenanted, £76k/pa
  • Prime Position on Seafront Circuit
  • 300 Cover Bar, Restaurant & Conservatory
  • Outside Bar & Terrace with c.800 seats
  • Immaculately Presented
  • Car Park with 45 spaces - Energy Rating D
  • Christie & Co Ref: 6450545

Description

Description

The Rattler is an incredibly well invested pub and restaurant business in a prime spot on South Shields sea front, forming an integral part of a long established licensed circuit.

The property is offered for sale by way of long leasehold interest (125 years from 31 January 1986). Currently tenanted, the property achieves an annual rent of £76,084.

Location

The Rattler fronts onto the A183 Sea Road, adjacent to Pier Parade car park and close to Ocean Beach Pleasure Park (fairground). It is also a short distance from the South Marine Park and Bents Exhibition Park, both of which are popular recreation grounds, particularly in the summer months.

There are a number of leisure and hospitality venues along Sea Road, and The Rattler forms part of an established catering and drinking circuit however, can stand alone as a destination venue.

Main road access is via the A19 which picks up the A185 at Jarrow, with the City of Newcastle around 12 miles to the west of the property.

Internal Details

The trade space is split into three main areas; the bar, restaurant and conservatory which seat a total of 200 customers. The capacity, including standing, is c.300.

The property is decorated in a modern and contemporary style which is sympathetic to the age and style of the operation. The business has seen approximately £500,000 worth of investment in the past three years and is immaculately presented throughout.

*Please Note - photographs are not current. The property has undergone extensive refurbishment since the photographs were taken, new ones will be added in due course.

Fixtures & Fittings

Fixtures and fittings are owned by the tenant.

Ancillary Areas

Customer toilets
Large commercial grade catering kitchen
Beer cellar
Office
Numerous storage cupboards

External Details

To the rear of the property, fronting on to the promenade and overlooking the beach, there is a split level external trading area, complete with a fully equipped outdoor bar.

There is a stage for live music as well as an ice cream/dessert kiosk (third party owned, 25% of their turnover being paid to the tenants of The Rattler) and a hot dog/burger stand which is owned by The Rattler.

Furthermore, there is a field adjacent to the pub which has picnic style seating. In peak summer season this area is very heavily used and has hosted a marquee with TV and Live Sport. Total outdoor capacity is c.800 seated and a further c.300 standing.

There is a car park immediately adjacent to the pub with space for 45 cars, which is chargeable and used by customers and visitors to the pub as well as other nearby attractions.

The Opportunity

The Rattler is in an impeccable location at the heart of a long established and continually popular licensed circuit, occupying a prime position on an extremely popular stretch of coastline, which is incredibly busy with tourists and locals alike all year round, but particularly in the peak months between Good Friday and 'Great North Run Day', which unofficially calls an end to the summer season.

Live music events/food festivals take place at the nearby Bents Park. Days such as this are huge income generators for the pub. Furthermore, the Great North Run is a huge day for all licensed businesses.

Trading Information

No trading information is available.

Tenure

The property is offered for sale by way of long leasehold interest.
Date : 31 January 1986
Term : 125 years from 31 January 1986
Rent : A peppercorn

The property is currently tenanted.
- Term :10 years, commencing on and including 11
October 2019
- Passing rent: £76,084 per annum
- Rent Review: 11 October 2024
- Full Repairing & Insuring Terms

A copy of the lease can be provided to seriously interested parties on request.

Business Rates

The Rateable Value as at 1 April 2023 is £37,750.

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

Regulatory

Premises Licence

Energy Performance Certificates

EPC 1

Brochures

The Rattler, Sea Road, South Shields, NE33 2LD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • South Shields Metro Station0.6 miles
  • Chichester Metro Station0.9 miles
  • Tynemouth Metro Station1.4 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

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

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 6450545-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, Pubs & Restaurants. 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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