Pub/bar for sale in Bewicke Road, Willington Quay, Wallsend NE28
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Property features
- Four apartments to first and second floor.
- Let on Assured Shorthold Tenancies
- Combined Gross Income of £20,940 Per Annum
- Ground Floor Private Club - Floor Area 118.2sqm (1272.33sqft)
- Ground Floor Sold Vacant, Upper Floors sold as an Investment
- Investment opportunity
Property description
For sale. Investment opportunity.
The subject property is a two storey three floor end of terrace building containing a ground floor private members social club called the 'Willington Social Club' and four flats above.
Material Information
Council Tax Band A.
EPC rating Flat A - 61D, Flat B - 62D,
Flat C - 69C, Flat D - 64D.
EPC Ground Floor premises - 49B.
Rateable Value £4,250.
Property is of traditional brick wall construction with a slate roof.
Property is connected to all mains services.
Water supply is metered.
Standard, superfast and ultrafast broadband available.
Good mobile coverage.
Asking price £295,000.
Tenure Freehold.
On street parking available - charge may apply.
Location
The subject property is prominently located on the corner of Bewicke Road and Carlyle Street in Willington Quay, Wallsend, Tyne & Wear.
The surrounding area is made up of mainly residential property with supporting services and facilities.
Description
The subject property is a two storey three floor end of terrace building containing a ground floor private members social club called the 'Willington Social Club' and four flats above.
The ground floor licenced premises will be sold with vacant possession.
The four flats are let on Assured Shorthold Tenancy terms between £395 and £450pcm and will be sold as an investment.
134-136 Bewicke Road
A ground floor licensed premises comprising entrance lobby and hall.
Lounge Bar 43sqm (463sqft)
Back Room 42.5sqm (565.5sqft)
Store 5sqm (53.8sqft)
Cellar 17.7sqm (190sqft)
Ladies WC
Mens WC
Floor Area 118.20sqm (1272.33 sqft)
Flat A 134 Bewicke Road
Communal entrance, stairs and landing.
Entrance Hall
Lounge/Kitchen 5.7m x 3.9m
Bedroom One 2.8m x 3.5m
Bedroom Two 5.6m x 2.7m plus 3.8m x 1.3m
Bathroom/WC 1.9m x 2.3m
The property was let as at the date of inspection at £450pcm
Flat B 134 Bewicke Road
We have not been able to carry out an internal inspection.
The property was let as at the date of inspection for £450pcm.
Flat C 134 Bewicke Road
We have not been able to carry out an internal inspection.
The property was let as at the date of inspection for £395pcm.
Flat D 134 Bewicke Road
Communal entrance, stairs and landing.
Entrance Hall
Lounge 4.6m x 4.5m
Kitchen 1.3m x 3.6m
Bedroom One 2.8m x 2.9m
Bedroom Two 2.8m x 2.3m
Bathroom/WC 2.7m x 1.7m
The property was let as at the date of inspection at £450pcm
External
Enclosed yard to the rear.
Services
We understand that all mains services are connected to the ground floor (All interested parties should satisfy themselves with the local service providers).
No gas is supplied to the flats.
Planning
We understand that the premises has planning permission as designated under class C3 Residential (for the four flats) and Sui Generis as a Public House of the Town and Country (Use Classes) Order 1987 (as amended).
Rating Liability
According to the Valuation Office Agency (voa) website and the premises has a Rateable Value of £4,250.
Energy Performance Certificate
The EPC rating for Flat A is 61D.
The EPC rating for Flat B is 62D.
The EPC rating for Flat C is 69C.
The EPC rating for Flat D is 64D.
The EPC rating for the ground floor premises is 49B.
Full copies of the reports are available upon request.
We await a copy of the EPC for the ground floor property.
Price
Our client is seeking £295,000
Tenure
The property is Freehold.
Vat
All prices quoted are exclusive of VAT at the prevailing rate.
Money Laundering
In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.
Legal Costs
Each party will be responsible for their costs in the transaction.
Property info
For more information about this property, please contact
R A Jackson & Son, NE30 on +44 191 686 9490 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by R A Jackson & Son, and do not constitute property particulars. Please contact R A Jackson & Son for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.