Property description
SITUATION
The subject property comprises a detached public house within the estate of Thorntree, Middlesbrough. The property neighbours a popular neighborhood retail parade with a variety of independent retailers / local services.
ACCOMMODATION
Detached former public house with basement, ground floor bar, kitchen and storage with first floor living accommodation.
The premises could readily be re opened as a public house or would suit another commercial / community use subject to planning and all necessary consents.
TERMS
The property is available to buy long leasehold under a lease to Middlesbrough Council which expires in December 2057 at a current ground rent of £7,944 per annum.
The freehold may be available although we have not been advised as yet that this is confirmed. Interested parties should make enquiries with the local authority.
RATING ASSESSMENT
We are advised that the current rateable value of the premises is £19,750.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
Tim Aisbitt
T: 0191 232 80 80
Property Features :
- Public House For Sale
- Redevelopment Potential STPP
- Long leasehold Available
- Site Extends 0.42 Acres
- Extensive Car parking