Business Summary

NORTH EASTERN HOTEL/ PUB SPENNYMOOR, TAKING CASH OFFERS! REDUECED TO £170,000.00. North Eastern - A Spennymoor, County Durham DL16 7TQ.

* Substantial detached public house * Mixed residential/ commercial area * Bar (50), function room (40) and games room * Unused former dining/ function rooms * Private flat, car park and yard. * EPC Rating : E Public house/ development land for sale subject to an occupational tenancy at a current rent of £5,250pa. In addition you will have the added income of a percentage of beer sales.

Unconditional offers are invited for our clients unencumbered interest.

May be suitable for redevelopment subject to gaining the appropriate Local Authority Consents.

This pub could either be converted or redeveloped into residential or mixed use accommodation.

This very large prominent public house can be found on the corner of Clarence Street and Whitworth Terrace in Spennymoor, Country Durham. Situated in a mixed commercial and residential area. An absolute massive detached 2 storey building publice house/ Hotel. The property has a gross internal area of approx 8,000 sq ft*. Residential accommodation to upper parts. Available Freehold and with Vacant Possession. Car Park is also included in this sale FURTHER INFORMATION Development potential (STPP) Vacant possession Approx gross internal area: 8,000 sq ft* Approx gross site area: 7,472 sq.ft* Approx ground floor foot plate: 3,648 sq.ft* Car Park EPC Rating: 125 - Band E Rateable Value: £1,875 Offers invited for our clients unencumbered interest The property represents excellent value for continued licensed use/ owner occupation. There is also potential for redevelopment (residential/ commercial/ mixed use) subject to gaining the appropriate Local Authority consents. The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes). Please note that VAT may be applicable in this matter.

CALL FOR VIEWINGS ON 01227 807080.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Property Details