The premises are currently fitted to as a night club all on the ground floor the internal capacity of 700 persons and an outdoor terrace area with a capacity for 200 persons. It is fully fitted to a high standard.
The accommodation comprises the following areas:
The property is situated in a prominent position in a prime location in a busy North East England city centre with a strong student population.
A full repairing and insuring lease with approximately 32 years remaining, subject to five yearly rent reviews. It is understood that the lease is granted inside the security of tenure provisions of the Landlord and Tenant act 1954, Part 2 as amended.
£250,000 per annum exclusive.
May be applicable to the premium and rent.
The premises benefit from Sui Generis use and has a licence in place until 4am every day of the week (2 am on the outside terrace).
A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.
This sale is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.