Location
The premises are located on Burnhope Way which is the main route into the town from the A19 and the restaurant forms part of the main retail area.
Peterlee was founded as a New Town in 1948 located between Sunderland, Hartlepool and Durham with good road links via the A19 trunk road and a railway station at nearby Horden.
Property
Comprises a two-storey self-contained unit which was converted from a traditional local pub into a food driven restaurant in 2014.
The property was refurbished in 2014 and had a strong daytime and early evening trade driven by the food offer. Internally the property is configured to provide a large ground floor dining area with a separate private dining space off. There is a large kitchen which has a service hatch into the restaurant. There are separate ladies and gents toilet facilities plus various storage rooms. There is two bedroom living accommodation above.
Accommodation
Ground Floor
Main Bar Area 1,600 sq.ft. (150 sq.m.).
Private Dining Room 310 sq.ft. ( 29 sq.m.).
Kitchen 600 sq.ft. ( 56 sq.m.).
Pot Wash
Cellar / Stores
Ladies Toilets
Gents Toilets
First Floor
Lounge
Bedroom 1
Bedroom 2
Kitchen
Bathroom
External
Outside Seating Area
Tenure
The premises are held on a 99 year lease from 1st December 1960. We understand that the current ground rent is £175 per annum. The title number is DU244262 and a copy of the register is available on request.
Rates
The premises are assessed as follows:
Rateable Value £23,750
EPC
Rating C.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations, the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
Auction Details
The auction pack is available from Agents Property Auction on 01661 831 360 and the date of the online auction is 30th September 2024.
