Commercial property for sale in Former Johnnies Bar, 14 Walter Street, Jarrow NE32

Public House and car park. Development potential subject to planning consent . Central location close to amenities. Offers over £195,000 plus VAT

Location
The subject property is located on Walter Street which is a residential street on the edge of Jarrow town centre fronting on to the B1297. The property is located approximately one mile west of the A19 trunk road and the southern entrance into the Tyne Tunnel. It is around six miles south west of Newcastle upon Tyne City centre.

There are a wide range of retail and leisure facilities in the immediate vicinity including shops, supermarkets, schools and public houses. There are also a number of industrial estates located nearby.

Description
The property comprises a two-storey detached building of rendered brick construction with UPVC double glazed windows under a slate covered pitched roof.

The front part of the property has been refurbished recently as a bar. The rear part of the ground floor has been partly refurbished to provide a restaurant with commercial kitchen.

To the first floor is a former two bedroom flat which is in need of refurbishment and a large function room. There is also a cellar, gas fired central heating to radiators and a fire alarm system.

There is a car park and outdoor seating area to the side of the property.

The property extends to a site area of 0.21 acres (0.09 hectares) or thereabouts.

Accommodation
We have calculated the gross internal area as follows:

Ground floor bar158.56 sq m(1707 sq ft)
Ground floor restaurant96.91 sq m(1043 sq ft)
First floor196.64 sq m(2116 sq ft)

Total452.11 sq m(4866 sq ft)

services
We understand the property benefits from all mains services. However, we recommend all interested parties make their own enquiries as to service capacity.

Terms
The property is available freehold with vacant possession on completion at offers in excess of £195,000 plus VAT.

Outgoings
The property is assessed for rating purposes as follows:

Description: Public House & premises
Rateable Value: £4,000

We understand that the first floor flat is a Band A property.

Occupiers of the property are likely to benefit from small business rates relief for the bar.

Interested parties should verify the accuracy of this information and rates payable with the Business Rates department of the Local Authority.

VAT
The property is registered for VAT and therefore VAT will be payable on the sale price.

Legal costs
Each party to bear their own legal costs.

Other

Development potential

Pre-application enquiries have been undertaken with the Local Planning Authority. This has established that conversion of the property to a wholly residential use or, the demolition of the existing property and construction of residential properties is likely to be acceptable in planning terms subject to the satisfactory design and massing of the building.

Further details of the pre-application enquiries are available on request.

Energy performance certificate

The property has an EPC rating of c-56.

A copy of the EPC and recommendation report is available on request.

Viewing
Strictly by appointment with sole agents, YoungsRPS.