BAR, NIGHTCLUB AND INVESTMENT PROPERTY
Substantial nightclub and bar premises
Prominent main road trading position
Main pub / club for sale for £250,000 (outlined red) and the garage, accommodation and lock-up unit (if required, outlined green) for an additional £100,000
Annual rental income of £18,000 per annum from the outlined green section
REF 590307. EPC Band C.
Property £250,000
Peterlee

BAR, NIGHTCLUB AND INVESTMENT PROPERTY in Peterlee for Sale.

A fantastic opportunity to acquire a vacant 5,000 sq ft nightclub and bar premises. The premises are fully fitted out and ready to trade or has potential as a development opportunity (subject to planning) or an investment property. The downstairs pub opened two days per week and the upstairs club two nights per week. The downstairs pub was refurbished three years ago and the upstairs nightclub was refurbished last year. This property is sold as a going concern, fully staffed and operating but could be used for a variety of uses including a convenience store, restaurant, gym etc, subject to any necessary planning consents. Located in a populated coastal village known for its nightlife, in East Durham, less than a mile from the town centre of Peterlee. The premises are situated in a prominent trading position on the village main through road.

THE PREMISES – The bar premises are situated on the ground floor with approximately 105 sq m (1,131 sq ft) of internal lounge area with seating, main bar area, pool room, customer WCs, store area with potential to convert to a commercial kitchen, boiler room and cellar. Outside there is a smoking area and beer garden to the rear. The nightclub is approximately 303 sq m (3,265 sq ft) in size on the first floor with a separate lounge bar, main room with dance floor, stage, DJ booth and seating areas, bar with stock and utility area, two offices, customer WCs. The premises has all current safety, fire and electrical certificates. Ideal alternative use or investment property would make perfect convenience store downstairs and restaurant upstairs or operate as is.

A separate small rear shop, large rear secure lockup garage and two bedroom living accommodation to the side can also be purchased for an additional £100,000, comprising:
The accommodation is a two double bedroom self-contained flat on the first floor and accessed from street level with approximately 77 sq m (828 sq ft) and was refurbished in 2023. It consists of two bedrooms, dining kitchen, living room and bathroom. The flat is rented at £450 per calendar month.
The lock-up unit is a self-contained studio the rear of the property with approximately 16 sq m (172 sq ft) of internal area. The shop was refurbished in 2023 and is currently occupied by a tattoo studio on a five year lease at a passing rent of £350 per calendar month.
The garage is approximately 60 sq m (650 sq ft) and is accessed by a service road to the rear, with a roller shutter door, power and lighting. Substantial size and suitable for a variety of uses, we understand this achieved £700 per calendar month rental. The garage benefits from new electric roller shutters and a new concrete floor.

Our client is willing to take part exchange for a property in the UK or abroad and finance options may be available.
EPC Band C.