£325,000
Pub/bar for saleSouth Parade, Whitley Bay NE26
Just added
Freehold
About this property
For sale
Night Club/Licensed Premises
Gia 915sqm (9857sqft)
Guide Price: Offers invited over £325,000
Whitley Bay is a popular seaside commuter town situated approximately 10 miles east of Newcastle City Centre. The property is positioned on South Parade within close proximity of the Seafront. The property forms part of a mixed residential / commercial area including a number of licensed premises and Restaurants.
The property is currently used as a Nightclub although has significant potential for alternative uses or residential conversion, subject to receipt of planning permission.
Location
Whitley Bay is a popular seaside commuter town situated approximately 10 miles east of Newcastle City Centre. The property is positioned on South Parade within close proximity of the Seafront. The property forms part of a mixed residential / commercial area including a number of licensed premises and Restaurants.
Description
The property is currently used as a Nightclub although has significant potential for alternative uses or residential conversion, subject to receipt of planning permission.
Currently Let until October 2026 at a passing rent of £25,000 per annum inclusive of VAT.
Floor Area
The property extends to a Gross Internal Floor Area (gia) of 915 sqm (9857 sqft)
Rating Liability
The property is currently assessed for Business Rates at a Rateable Value of £29,000.
Planning
The property has planning permission for its current use as a Nightclub and Licensed Premises.
Interested parties are invited to engage with the relevant local authority regarding alternative uses and / or residential conversion.
Tenure
We understand that the site is freehold with no onerous or restrictive covenants.
Price
Our Client is seeking offers over £325,000 for the freehold interest
Legal Costs
Each party will be responsible for their costs in the transaction.
Money Laundering Regulations
In accordance with the Anti-Money Laundering Regulations the Purchaser / Tenant will be required to provide two forms of identification and proof of the source of income.
Vat
All prices quoted are exclusive of VAT at the prevailing rate
Energy Performance Certificate
The EPC rating for the property is C. A full copy of the report is available upon request.
Property Redress Scheme
R A Jackson & Son llp are part of The Property Ombudsman. Membership number T01923.
Client Monies Protection Scheme
R A Jackson & Son llp is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information
The property is currently used as a Nightclub although has significant potential for alternative uses or residential conversion, subject to receipt of planning permission.
Location
Whitley Bay is a popular seaside commuter town situated approximately 10 miles east of Newcastle City Centre. The property is positioned on South Parade within close proximity of the Seafront. The property forms part of a mixed residential / commercial area including a number of licensed premises and Restaurants.
Description
The property is currently used as a Nightclub although has significant potential for alternative uses or residential conversion, subject to receipt of planning permission.
Currently Let until October 2026 at a passing rent of £25,000 per annum inclusive of VAT.
Floor Area
The property extends to a Gross Internal Floor Area (gia) of 915 sqm (9857 sqft)
Rating Liability
The property is currently assessed for Business Rates at a Rateable Value of £29,000.
Planning
The property has planning permission for its current use as a Nightclub and Licensed Premises.
Interested parties are invited to engage with the relevant local authority regarding alternative uses and / or residential conversion.
Tenure
We understand that the site is freehold with no onerous or restrictive covenants.
Price
Our Client is seeking offers over £325,000 for the freehold interest
Legal Costs
Each party will be responsible for their costs in the transaction.
Money Laundering Regulations
In accordance with the Anti-Money Laundering Regulations the Purchaser / Tenant will be required to provide two forms of identification and proof of the source of income.
Vat
All prices quoted are exclusive of VAT at the prevailing rate
Energy Performance Certificate
The EPC rating for the property is C. A full copy of the report is available upon request.
Property Redress Scheme
R A Jackson & Son llp are part of The Property Ombudsman. Membership number T01923.
Client Monies Protection Scheme
R A Jackson & Son llp is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information
Mortgage calculator
Monthly repayment
£1,625 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}