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Bishop Auckland Town Centre Restaurant & Bar for Sale at 13 Fore Bondgate

Bishop Auckland, County Durham
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Restaurant & Bar for sale Bishop Auckland Town centre Photo 1
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Restaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centreRestaurant & Bar for sale Bishop Auckland Town centre
  • Status

    FOR SALE

  • Date Submitted:

    07/07/23

  • Advert ID

    516274

  • Freehold: £175,000
  • Leasehold: Price on Application
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Town Centre location
  • Established Business
  • Fully Fitted

Business Details

Restaurant & Bar for sale Bishop Auckland Town centre

The property of interest, 13 Fore Bondgate, is a bar/restaurant/cafe available for either rent or sale. This commercial property encompasses three floors, each offering useful spaces that can serve a variety of purposes.

The lower ground floor comes equipped with a fully fitted cellar. Additionally, it houses both male and female restroom facilities as well as a convenient storage room. Stepping up to the ground floor, you are greeted by two entrance points, one at the front and one at the rear.

The initial entrance leads into a spacious area designed for entertainment, including a large dance floor and comfortable seating areas. The layout then transitions to an equally substantial bar and seating area, complete with a back entrance and facilities designed for disabled guests.

The top floor contains what was previously used as a commercial kitchen space. Please note, however, that the kitchen equipment is not included in the rental or sale of this property. If needed, it may be procured via purchase or rental separately.

The building is outfitted with both heating and air conditioning. For those concerned with energy efficiency, the property hosts triple-glazed windows. Utilities include gas and electricity, but please note that tenants will need to arrange to have these utilities registered in their name.

The property's previous status was a licensed bar with operating hours from 12 p.m. to 12 a.m. from Monday to Thursday. Expansion of trading occurred every Friday and Saturday, extending the business hours until 1 a.m. Sundays maintained the weekday hours of operation, exempting bank holidays.

Previously, this property did hold a food license that would be quite facile to reinstate due to compliance with all necessary standards. Nevertheless, it should be noted that license transfers will be the responsibility of the renter or buyer.

The total rent for this property is fixed at £1400 per calendar month, with a corresponding bond of £1400. The first month's rent should be paid upfront, meaning £1400 would be due from the day the keys are handed over. Then, every subsequent monthly payment will be expected every 30 days.

A full rental lease agreement will be provided to those renting the property. The premises come with bar seating and tables, and it has just been freshly painted with all maintenance work completed. The intent here is to ensure a smooth transfer of licenses and utilities so you can hit the ground running.

The freehold price for this property is estimated to start at offers over £175,000.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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