£50,000 pa
(£4,167 pcm)
Leisure/hospitality to letUnit 1 Royal Hotel, 13-17 E. Parade, Whitley Bay, Tyne And Wear NE26
About this property
Seeking £50,000 per annum
Total floor area of 303.9 sq m (3,271 sq ft)
A former night club / bar, which is mostly open plan save for some small storage areas and WCs to the rear of the premises.
Description
The property comprises an established Victorian sea front hotel on Whitley Bay promenade.
The ground floor is split into two sections, the first is to be retained by the hotel operator and will comprise reception and dining areas.
The second is available to let and comprises a former night cub / bar, which is mostly open plan save for some small storage areas and WCs to the rear of the premises.
Our client is seeking a single leisure operator to take the space in its entirety, to compliment the hotel offering.
Accommodation
The property includes the following gross internal areas:
Open plan dining / bar 161.28 1,736
Bar area 5.79 sq m / 62 sq ft
Cellar 24.36 sq m / 262 sq ft
WC’s 24.08 sq m / 259 sq ft
Kitchen 9.78 sq m / 105 sq ft
Stores 39.58 sq m / 426 sq ft
Bar lobby(s) 8.64 sq m / 93 sq ft
Total NIA 273.51 sq m / 2,943 sq ft
Total gia 303.9 sq m / 3,271 sq ft
Plans are available on request
Terms
The premises are available by way of a new full repairing and insuring lease at a rent of £50,000 per annum (exclusive).
All other terms are to be agreed by negotiation.
Rating assessment
The rating assessment currently appearing on the Valuation List is as follows:
2023 - £86,000
The rateable value is for the whole property and will need to be reassessed in due course.
The Small Business Rate for the year 2024/2025 is 51.2 pence in the pound for properties with a rateable value of over £51,000.
Anti-money laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
Legal costs
Each party to bear their own legal costs incurred in the transaction.
Energy performance
An Energy Performance Certificate has been commissioned and will be available shortly.
VAT
All figures are exclusive of VAT where chargeable..
WHAT3WORDS
Every three metre square of the world has been given a unique combination of three words. A free App is available for iOS and Android smartphones and using the unique sequence of words below you will be able to pinpoint this property.
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Viewings
Viewings are strictly by prior appointment with GFW.
Whitley Bay is a seaside town and densely populated region of North Tyneside located on the North East coast, approximately 9 miles to the north east of Newcastle upon Tyne.
It is easily accessed by road from the City Centre via the A1058 (Coast Road). The A1(M) and A19 are also easily accessed via the Tyne Tunnel. The Tyne & Wear Metro line runs through Whitley Bay with the closest station to the building being approximately 0.5 miles to the west. A metro journey to Newcastle city centre takes around 25 minutes to Whitley Bay.
The property is situated in close proximity to the re-developed Spanish City and Whitley bay seafront alongside a range of bars and restaurants and next to a free car park and Play House/Theatre.
Description
The property comprises an established Victorian sea front hotel on Whitley Bay promenade.
The ground floor is split into two sections, the first is to be retained by the hotel operator and will comprise reception and dining areas.
The second is available to let and comprises a former night cub / bar, which is mostly open plan save for some small storage areas and WCs to the rear of the premises.
Our client is seeking a single leisure operator to take the space in its entirety, to compliment the hotel offering.
Accommodation
The property includes the following gross internal areas:
Open plan dining / bar 161.28 1,736
Bar area 5.79 sq m / 62 sq ft
Cellar 24.36 sq m / 262 sq ft
WC’s 24.08 sq m / 259 sq ft
Kitchen 9.78 sq m / 105 sq ft
Stores 39.58 sq m / 426 sq ft
Bar lobby(s) 8.64 sq m / 93 sq ft
Total NIA 273.51 sq m / 2,943 sq ft
Total gia 303.9 sq m / 3,271 sq ft
Plans are available on request
Terms
The premises are available by way of a new full repairing and insuring lease at a rent of £50,000 per annum (exclusive).
All other terms are to be agreed by negotiation.
Rating assessment
The rating assessment currently appearing on the Valuation List is as follows:
2023 - £86,000
The rateable value is for the whole property and will need to be reassessed in due course.
The Small Business Rate for the year 2024/2025 is 51.2 pence in the pound for properties with a rateable value of over £51,000.
Anti-money laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
Legal costs
Each party to bear their own legal costs incurred in the transaction.
Energy performance
An Energy Performance Certificate has been commissioned and will be available shortly.
VAT
All figures are exclusive of VAT where chargeable..
WHAT3WORDS
Every three metre square of the world has been given a unique combination of three words. A free App is available for iOS and Android smartphones and using the unique sequence of words below you will be able to pinpoint this property.
///commented.status.ever
Viewings
Viewings are strictly by prior appointment with GFW.
Whitley Bay is a seaside town and densely populated region of North Tyneside located on the North East coast, approximately 9 miles to the north east of Newcastle upon Tyne.
It is easily accessed by road from the City Centre via the A1058 (Coast Road). The A1(M) and A19 are also easily accessed via the Tyne Tunnel. The Tyne & Wear Metro line runs through Whitley Bay with the closest station to the building being approximately 0.5 miles to the west. A metro journey to Newcastle city centre takes around 25 minutes to Whitley Bay.
The property is situated in close proximity to the re-developed Spanish City and Whitley bay seafront alongside a range of bars and restaurants and next to a free car park and Play House/Theatre.
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