Property

Leisure

Unit 1 Royal Hotel, 13-17 E. Parade, Whitley Bay, Tyne and Wear, NE26 1AP

The property comprises an established Victorian sea front hotel on Whitley Bay promenade.

The ground floor is split into two sections, the first is to be retained by the hotel operator and will comprise reception and dining areas.

The second is available to let and comprises a former night cub / bar, which is mostly open plan save for some small storage areas and WCs to the rear of the premises.

Our client is seeking a single leisure operator to take the space in its entirety, to compliment the hotel offering.

 

LOCATION

Whitley Bay is a seaside town and densely populated region of North Tyneside located on the North East coast, approximately 9 miles to the north east of Newcastle upon Tyne.

It is easily accessed by road from the City Centre via the A1058 (Coast Road). The A1(M) and A19 are also easily accessed via the Tyne Tunnel. The Tyne & Wear Metro line runs through Whitley Bay with the closest station to the building being approximately 0.5 miles to the west. A metro journey to Newcastle city centre takes around 25 minutes to Whitley Bay.

The property is situated in close proximity to the re-developed Spanish City and Whitley bay seafront alongside a range of bars and restaurants and next to a free car park and Play House/Theatre.

ACCOMMODATION

The property includes the following gross internal areas:

Open plan dining / bar161.281,736
Bar area5.7962
Cellar24.36262
WC’s24.08259
Kitchen9.78105
Stores39.58426
Bar lobby(s)8.6493
Total NIA 273.51 2,943
Total GIA 303.9 3,271

Plans are available on request

TERMS

The premises are available by way of a new full repairing and insuring lease at a rent of £50,000 per annum (exclusive).

All other terms are to be agreed by negotiation.

RATING ASSESSMENT

The rating assessment currently appearing on the Valuation List is as follows:

2023£86,000

The rateable value is for the whole property and will need to be reassessed in due course.

The Small Business Rate for the year 2023/2024 is 51.2 pence in the pound for properties with a rateable value of over £51,000.

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 tenant.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

ENERGY PERFORMANCE

An Energy Performance Certificate has been commissioned and will be available shortly.

VAT

All figures are exclusive of VAT where chargeable..

WHAT3WORDS

Every three metre square of the world has been given a unique combination of three words. A free App is available for iOS and Android smartphones and using the unique sequence of words below you will be able to pinpoint this property.

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