Opportunity to acquire bar in central Sunderland through Christie & Co
Specialist business property adviser, Christie & Co, has been instructed to market Life of Riley, a popular bar and restaurant near Sunderland town centre.
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The business is on the market as an investment sale, tenanted until 2034 and immaculately presented throughout. The bar consists of a large, open-plan trading area with seating for 120, a ‘VIP’ lounge with separate bar and seating for an additional 50 guests, and an open-plan kitchen and bar servery.
Located on Green Terrace, close to the centre of Sunderland and the university, the bar benefits from high footfall and forms part of a long-established circuit of licensed venues.
Marslie McGregor, Business Agent – Pubs & Restaurants at Christie & Co who is managing the sale, said: “Life of Riley is an incredibly well-invested pub/bar and restaurant business in a prime spot in Sunderland town centre, forming an integral part of a long-established licensed circuit. Currently tenanted, to a longstanding and experienced operator, the property achieves a strong rental yield and presents a good opportunity for an investment buyer.”
Life of Riley is on the market with a freehold asking price of £545,000.
For more information, visit the property page here: https://www.christie.com/6450549/
For further information on this press release, contact:
Jasmine Davis, Corporate Communications Manager
P: 07561 115179
E: jasmine.davis@christie.com
Contact the agent:
Marslie McGregor, Business Agent – Pubs & Restaurants
P: 07813 072 460
E: marslie.mcgregor@christie.com
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