Christie & Co announce price reduction for former bar and restaurant in central Newcastle
Specialist business property adviser, Christie & Co has reduced the price of Nancy’s Bordello, a closed bar and restaurant in Newcastle upon Tyne.
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Located on Argyle Street in the busy Manors area of Newcastle upon Tyne, Nancy’s Bordello previously operated for over ten years as a popular ‘neighbourhood bar’, catering to the area’s many students, young professionals and local residents.
The business closed in March 2019 in line with Covid measures and has not reopened. The owners, The Apartment Group, are now selling as they continue to focus on other business ventures.
Due to the property’s location in a high-density residential area, it may be well suited for conversion to student accommodation or residential use, subject to the appropriate planning permissions being obtained. Equally, conversion to office accommodation or other commercial use would be viable.
Marslie McGregor, Business Agent at Christie & Co who is handling the sale, comments, “Nancy’s Bordello’s presents an excellent opportunity for an aspirational pub, bar, or restaurant operator to reopen the venue which held a superb reputation prior to its closure. The immediate area is now far more densely populated than it was when the current owners used to operate the site which suggests it would likely be incredibly busy if it were to reopen.”
Nancy Bordello’s is on the market at a reduced asking price of £499,000.
For more information on this opportunity, visit: https://www.christie.com/6450525/
For further information on this press release, contact:
Niamh Toman, Junior Corporate Communications Executive
P: +44 7768 646 984 or E: Niamh.toman@christie.com
Contact the agent:
Marslie McGregor, Business Agent– Pubs & Restaurants
P: +44 7813 072 460 or E: marslie.mcgregor@christie.com
Visit Christie & Co’s Business Search page to find out more about current hospitality listings.