Property photos
£329,500
(£65.90/sq. ft)
Retail premises for sale
Sunderland Road, Peterlee SR85,000 sq. ft
Local area information
Property location
Nearby amenities
- Seascape Primary School 0.3 miles
- Our Lady Star of the Sea Roman Catholic Voluntary Aided Primary 0.5 miles
- Horden 0.5 miles
- Seaham 4.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Peterlee to find out more about the local area.
Features and description
- Huge Property
- Asset Management Opportunity
- High Rental Expected
- Trading Club
Horden Labour Club, Sunderland Road, Horden, Peterlee, County Durham, SR8 4PF
This huge property spanning over 5,000 SqFt is availble and can be offered with vacant possession, an excellent opportunity for any investor.
Comprised of a downstairs bar/social club spanning 1,131 SqFt of internal lounge area with seating, main bar area, pool room, customer WCs, store area with potential to convert to a commercial kitchen, boiler room and cellar. Outside there is a smoking area and beer garden to the rear. This bar is currently operated by the property owner Friday - Saturday 12 - 12. A buyer may chose to continue this trade or rent this property out
Just above and held on a floating freehold is the first floor nightclub premises, sized at 3265 SqFt with a separate lounge bar, main room with dance floor, stage, dj booth and seating areas, bar with stock and utility area, two offices, customer WC - This venue once again is currently being ran by the owner and the buyer may continue to do so, alternatively they may do as they wish.
To the rear of the property there is a small lock up unit sized at 172 SqFt currently occupied by a tattooist who has a lease on the property paying £350 per month, this has just under 4 years remaining.
Also accessed from the rear is a large garage sized at 650 SqFt which is able to house up to 10 cars, this unit has recently had new roller shutters and new concrete installed. It is estiamted that this can be rented our for approximately £750 per month.
Finally there is accommodation on site which is a 2 double bedroom self contained flat on the first floor and is accessed from the first floor. Sized at 828 SqFt and it was recenelty refurbished in 2023, this will be sold vacant and it is estimated this will rent for £450-500 per month.
Viewing is highly recommended.
For Sale - £329,500
This huge property spanning over 5,000 SqFt is availble and can be offered with vacant possession, an excellent opportunity for any investor.
Comprised of a downstairs bar/social club spanning 1,131 SqFt of internal lounge area with seating, main bar area, pool room, customer WCs, store area with potential to convert to a commercial kitchen, boiler room and cellar. Outside there is a smoking area and beer garden to the rear. This bar is currently operated by the property owner Friday - Saturday 12 - 12. A buyer may chose to continue this trade or rent this property out
Just above and held on a floating freehold is the first floor nightclub premises, sized at 3265 SqFt with a separate lounge bar, main room with dance floor, stage, dj booth and seating areas, bar with stock and utility area, two offices, customer WC - This venue once again is currently being ran by the owner and the buyer may continue to do so, alternatively they may do as they wish.
To the rear of the property there is a small lock up unit sized at 172 SqFt currently occupied by a tattooist who has a lease on the property paying £350 per month, this has just under 4 years remaining.
Also accessed from the rear is a large garage sized at 650 SqFt which is able to house up to 10 cars, this unit has recently had new roller shutters and new concrete installed. It is estiamted that this can be rented our for approximately £750 per month.
Finally there is accommodation on site which is a 2 double bedroom self contained flat on the first floor and is accessed from the first floor. Sized at 828 SqFt and it was recenelty refurbished in 2023, this will be sold vacant and it is estimated this will rent for £450-500 per month.
Viewing is highly recommended.
For Sale - £329,500
More information
Listed by
Parker Barras
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