£0 £1000000
£0 £1000000

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Substantial Investment Property

Blaydon, Tyne and Wear

  • Asking Price: £135,000
  • Turnover: N/A
  • Tenure: Freehold

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Hilton Smythe is delighted to welcome to the market this substantial investment property, which is located within Winlanton, Tyne & wear. The property, which is a former public house that was established in the 1990s, has been in our client’s careful ownership since 2010. Only now is the property being offered to the market due to the distance our client lives from the premises. The property consists of, on the ground floor, a large bar area, which still retains the wooden serve over bar to the centre. There is also a former pool room/lounge area, an ancillary room and ladies and gents’ WCs. The first floor offers a large lounge, kitchen, bathroom, office and 3 x bedrooms. The property could be used for a variety of uses including retaining the premises as it is and opening a new bar, it could be converted into a restaurant or café or totally redeveloped into residential premises, due to the relevant planning permissions being granted. This is an excellent opportunity for a new owner to purchase a very substantial property, which could support many different uses; therefore, early viewing must come highly recommended to avoid disappointment.

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This substantial investment property is ideally situated within the village of Winlanton, Tyne & Wear. The property is located on Commercial Street and is surrounded by densely populated residential properties and benefits from a good volume of footfall and passing trade. The property further benefits from on-street car parking facilities to the front of the premises and a free car park to the rear. Winlanton is a village situated within the Metropolitan Borough of Gateshead, Tyne & Wear. The village is part of the Winlanton and High Spen ward, and according to the 2011 census, the ward had a residential population of 8,342. Winlanton’s Front Street is the village's forefront for shopping, as it has a variety of shops, public houses and takeaways. The Winlaton Centre, a local events venue, was built in 1973, and is host to events such as youth clubs and fitness classes. The area is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is Blaydon, which is approximately 1½ miles away. The area is also well served by the A-roads, with the A694, A1 and A695 all being within easy driving distance of the property. Gateshead is approximately 6½ miles away and Newcastle upon Tyne is 7 miles away.

Substantial two storey premises in an ideal trading location, briefly comprising: Ground floor: • Former main bar area with serve over bar to centre - (1,215 sq. ft.)• Pool room/lounge - (209 sq. ft.).• Ancillary room - (164 sq. ft.).• Ladies and gents’ WCs - (17 sq. ft.). First floor: • Hall and stairs - (163 sq. ft.).• Office - (387 sq. ft.).• Bedroom 1 - (166 sq. ft.).• Bedroom 2 - (122 sq. ft.).• Bedroom 3 -1(22 sq. ft.).• Lounge - (191 sq. ft.).• Kitchen- (316 sq. ft.).• Bathroom - (68 sq. ft.). External: • Rear yard, previous beer garden and smoking area.

Tenure
We are advised Freehold.

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