Property description
SITUATION
The property is situated on the Sheriffs High way, a continuation of Old Durham Road, within the vibrant retail parade within Sheriff Hill, a small suburb of Gateshead. Sheriff Hill is approximately 2.5 miles south of Newcastle upon Tyne and 12 miles north of the historic city of Durham and benefits from a UK consensus population of circa 5,000 people.
DESCRIPTION
The property is a traditionally built two storey brick building under a timber pitched roof with slate covering. The property benefits from an attractive façade with a generously sized front bay window. Internally the ground floor benefits from two well appointed trading areas ad also includes an enclosed smoking area to the rear of the property. The first floor of the property is currently a self contained flat which historically has been used as the Managers accommodation. The flat comprises 3 large bedrooms, lounge, kitchen/diner and bathroom with shower and separate toilet facilities.
TERMS
The property is available for sale for offers in the region of £150,000 (One Hundred and Fifty Thousand Pounds) for the benefit of the freehold interest.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Public House
£6,750
£3,179.25
We are advised that the rateable value of the premises as at 1 April 2010 is £6,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
As a new occupier rights of appeal may exist against this assessment.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
VAT is payable on the sale price.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
Property Features :
- Prominent main road location
- Two well appointed trading areas
- Enclosed smoking area to the rear
- Self contained flat included
- EPC Rating D97