Walter Street, Jarrow, Tyne and Wear, NE32

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

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 bar 158.56 sq m (1707 sq ft) Ground floor restaurant 96.91 sq m (1043 sq ft) First floor 196.64 sq m (2116 sq ft) Total 452.11 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.

Rates

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.

Service Charge

Viewing

Strictly by appointment with sole agents, YoungsRPS.

PROPERTY

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.