Property
13-14 ALBION ROAD AND 70-72 CHURCH WAY NORTH SHIELDS, TYNE & WEAR, NE30 2RJ
The property comprises a redevelopment opportunity of an existing two storey pub premises of brick and stone construction, as well as a separately accessed first floor apartment. The ground floor provides a large open plan bar area with the bar servery in the centre. Ancillary accommodation includes male and female WCs as well as access to the beer cellar, rear yard and first floor. To the first floor there is the former kitchen as well as staff toilets and office.
The residential accommodation is separately accessed from Church Way and provides a 2/3 bedroom apartment with separate kitchen a bathroom.
LOCATION
The property is located in North Shields approximately 8 miles east of Newcastle upon Tyne, 2 miles west of Tynemouth and 8 miles to the north of Sunderland.
The property is prominently situated on the corner between Church Way and Albion Road (A193) one of the main routes linking Newcastle upon Tyne to the coast. North Shields’ main shopping centre, The Beacon, is located at the southern end of Church Way, which along with the parrallel Bedford Street, make up the main retail provisions in the town.
ACCOMMODATION
The property provides the following approximate gross internal areas:
| Name | M² | Ft² |
| Ground Floor | 154.76 | 1,666 |
| First Floor | 72.02 | 850 |
| Self-contained flat | 84.05 | 905 |
| Total | 310.83 | 3,421 |
In addition, there is also the beer cellar below the pub but it does not have full ceiling height.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
| Rateable Value | £ |
| 2023 | 13,900 |
The Small Business Rate for the year 2023/2024 is 49.9 pence in the pound
TERMS
We are instructed to seek offers of £195,000 for our client’s freehold interest, subject to contract.
TENURE
The property is held freehold.
ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful buyer.
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
ENERGY PERFORMANCE
The property has an Energy Performance Certificate rating of B(42).
VAT
All figures are exclusive of VAT where chargeable.
