Back to Pattinson
Commercial Investment Sports Bar and Events Venue
Northumberland, NE - Get Access
Description
An excellent opportunity to acquire the freehold of a recently refurbished sports bar with a large separate events venue, situated in a town centre location in Northumberland close to the train station and local amenities. The property has undergone extensive refurbishment and has been fitted out to provide a stylish and versatile hospitality venue. The events venue has its own fully fitted bar, a mix of booth, banquette and lounge seating, feature chandeliers and air conditioning, making it well suited to private functions, parties and celebrations alongside the day-to-day sports bar trade. The property is arranged over ground and first floor levels. The ground floor features a stylish lounge-oriented trading area fitted out to provide a warm and welcoming environment with curved booth seating, loose tables, occasional chairs, decorative wall mirrors, and ambient lighting, as well as a separate main sports bar centred around a fitted bar servery with draught dispense equipment and back-bar display shelving. The first floor provides a luxurious private function suite with a separate bar area and dedicated dance floor. The property is currently let at £14,400 per annum on a 2-year lease with a break clause in Summer 2028, representing a return of circa 11.5% after purchase costs, offering investors an income-producing freehold asset in an established setting with potential for alternative or mixed-use development.
Comparable sales
No comparables available.
Estimated market value
£
Range:
£
—
£
Medium confidence
Floor Area: 2,722 sq ft (Floor plan)
Unlock the full valuation
- Exact estimated value and full value range
- Detailed written analysis of how we reached this estimate