Burnhope Way
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Burnhope Way
3,000 SF 100% Leased Retail Building Peterlee SR8 1BT $243,333 CAD ($81 CAD/SF)
Investment Highlights
- Spacious premises for up to 90 covers
- Town centre location
- Main dining area plus private room
- Includes 2 bedroom flat above
Executive Summary
The premises are held on a 99 year lease from 1st December 1960. We understand that the current ground rent is £175 per annum. GUIDE PRICE £135,000 plus VAT.
The property was refurbished in 2014 and had a strong daytime and early evening trade driven by the food offer. Internally the property is configured to provide a large ground floor dining area with a separate private dining space off. There is a large kitchen which has a service hatch into the restaurant. There are separate ladies and gents toilet facilities plus various storage rooms. There is two bedroom living accommodation above.
Main Bar Area 1,600 sq.ft. (150 sq.m.).
Private Dining Room 310 sq.ft. ( 29 sq.m.).
Kitchen 600 sq.ft. ( 56 sq.m.).
The property was refurbished in 2014 and had a strong daytime and early evening trade driven by the food offer. Internally the property is configured to provide a large ground floor dining area with a separate private dining space off. There is a large kitchen which has a service hatch into the restaurant. There are separate ladies and gents toilet facilities plus various storage rooms. There is two bedroom living accommodation above.
Main Bar Area 1,600 sq.ft. (150 sq.m.).
Private Dining Room 310 sq.ft. ( 29 sq.m.).
Kitchen 600 sq.ft. ( 56 sq.m.).
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Year Built
2000
Price
$243,333 CAD
Price Per SF
$81 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
0.68 AC
Frontage
49 ft on Burnhope Way
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Nearby Major Retailers
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Burnhope Way
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