Unit 1 Royal Hotel 13-17 E. Parade

DESCRIPTION
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.

ACCOMMODATION
The property includes the following gross internal areas:

Open plan dining / bar 161.28 1,736
Bar area 5.79 sq m / 62 sq ft
Cellar 24.36 sq m / 262 sq ft
WC’s 24.08 sq m / 259 sq ft
Kitchen 9.78 sq m / 105 sq ft
Stores 39.58 sq m / 426 sq ft
Bar lobby(s) 8.64 sq m / 93 sq ft
Total NIA 273.51 sq m / 2,943 sq ft
Total GIA 303.9 sq m / 3,271 sq ft

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 2024/2025 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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VIEWINGS

Viewings are strictly by prior appointment with GFW.

A former night club / bar, which is mostly open plan save for some small storage areas and WCs to the rear of the premises. Read less