Location
This business opportunity is situated at the southern end of Front Street at the junction with Ropery Lane and in a mixed commercial and residential area. Chester le Street is a popular market town located between Newcastle and Durham with excellent road links via the A1(M) and A167. The Riverside stadium on the outskirts of the town, and within easy walking distance of this venue, regularly generates additional visitors to the town when there are cricket matches and concerts held at the venue.
Business
The premises are in excellent order and the public areas were refurbished in 2017 when the most recent tenant took occupation. Laid out over two floors, the ground floor is configured to provide two separate spaces with a public bar area on the left as you enter and then a quieter lounge area with soft furnishings, seating and booths on the right.
On the first floor, with access directly from the street or through the main restaurant, there is a function room space with its own bar, toilets and entertainment area. There is a traditional cellar in the basement.
The previous tenant operated the ground floor space predominantly as a bar offering a range of beers and cocktails. There were TV’s in the bar area and the lounge area was often booked out for smaller parties and functions.
The upper floor is a larger self-contained space and was popular for parties, christenings and other celebrations. There is no bespoke kitchen facility but the previous tenant did adapt an area to the rear of the ground floor which was equipped to offer bar snacks, burgers and some other basic bar food. All this equipment has now been removed.
Viewing is strongly recommended to fully appreciate the location, fit out and potential of this opportunity.
Premises
Comprises part of an extensive two storey end terrace. Total floor area is circa 5,000 sq.ft. (467 sq.m.)
Ground Floor
Bar / Lounge 230m2 2,500ft2
Ladies Toilets
Gents Toilets
Disabled Toilet
First Floor
Function Room 167m2 1,800ft2
Ladies Toilets
Gents Toilets
Basement
Cellar
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Services
Electricity and Water are installed to the premises.
Rates
The premises are assessed as follows:
Rateable Value £10,500 (from April 2023)
Rent free incentives are available subject to status.
Tenure
The premises are offered on a new FRI lease for a term to be agreed at £25,000 per annum. Full details are available on application. The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the new lease.
EPC
Rating E.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.