Late bar/Night club- Houghton Le-Spring, Sunderland

LEASEHOLD £29,995 to include goodwill and fixtures and fittings. Stock at valuation in addition.  The property is held on a part repairing and insuring lease agreement from a private Landlord on a one year rolling lease, however the Landlord has said there is a possibility that a new lease might be granted for a longer period. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent currently stands at £8,400 per annum, paid monthly in advance and subject to annual rent reviews, however these terms will change with a newly assigned lease. An incoming party will be required to provide a rental deposit to the Landlord in advance, plus personal guarantors. The lease is free of all trade ties. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

TRADE AREAS Entrance from the street leading to the ground floor. Spacious OPEN PLAN VENUE (approximately 100 capacity), DJ BOOTH, large dance floor and seating areas, and an attractive bar servery with ample refrigeration for bottled drinks alongside draught beverages. LADIES’ and GENTLEMEN'S toilets are offset from the main trade area. The cellar is to the rear of the servery and accessed from the rear of the building. EXTERNAL To the rear is a designated smoking area, which is sheltered. The property has two allocated parking spaces to the rear.