Pub In County Durham For Sale

Business description

LOCATION

The Travellers Rest public house is located on the corner of Alma Place and Dragon Lane. Durham railway station is situated 1.63 miles west of the site. The area is mainly residential although there are some commercial units close by. The A1M is within convenient distance.

PROPERTY

2 storey, semi-detached brick building occupying a corner plot or 1,752 sq ft*. There are single storey extensions to the rear. Ground floor is separated into 2 trading areas. There is a section with TV, sports and darts. Private accommodation comprises 3 bedrooms, lounge, kitchen and bathroom.

FURTHER INFORMATION

Vacant possession

Development potential (STPP)

Approx gross site area: 1,752 sq.ft*

Approx ground floor foot plate: 1,462 sq.ft*

Rateable Value: GBP10,000

Unconditional offers are invited for our clients unencumbered interest.

The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.

The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes). Please note that VAT may be applicable in this matter.

Property information

Property:

Freehold

Location:

Marshall Terrace
County Durham
DH1