Pub In Sunderland Tyne And Wear For Sale

Business description

Freehold Pub For Sale In Sunderland, Tyne and Wear

LOCATION

The Pallion (Wear Tavern) is located on a large corner plot on the busy junction of St. Lukes Terrace and Mid Moor Road. The property fronts a busy commercial road but the area is mixed commercial and residential. Both the Royal Hospital and Universtiy are close by. Pallion Rail station is approximately 0.38miles from the site and Sunderland Rail 1.3miles away.

PROPERTY

Large brick building. Ground floor comprises a two bar operation. There is a small kitchen facility. We are advised that the private owners accommodation to the upper parts is of a large size. Please contact Nick at Paramount to arrange a viewing --- ---- ----.

FURTHER INFORMATION

Vacant possession

Development potential (STPP)

Approx gross site area: 4,479 sq ft*

Approx ground floor foot plate:.4,280 sq ft*

Rateable Value: GBP9,100

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:

St. Lukes Terrace
Tyne and Wear
SR4