Popular venue in South Shields for sale through Christie & Co
Specialist business property adviser, Christie & Co, has been instructed to market an established venue at 10 Mile End Road in South Shields.
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The venue comprises three trading areas, the first two of which are currently vacant: a large bar previously known as ‘VIVA’ on the ground and first floors, a well-presented bar/restaurant previously known as ‘Tinker Smiths’ to the rear, and a burger bar to the front. The part of the building known as ‘Tinker Smiths’ has the potential to be split into four separate trading areas on the ground floor, plus an existing function room to the first floor, and the property lends itself to achieving multiple income streams.
Ideally located in the town centre, close to the shopping centre, this iconic three-storey building has been a popular venue for many years, frequented by locals and visitors to the town and forming part of an established late-night circuit.
The sale offers the opportunity for a new owner-operator to take over a renowned venue, refurbish as necessary and continue trading. Alternatively, the site may suit a developer who is looking for potential change of use, subject to planning permissions.
Marslie McGregor, Business Agent at Christie & Co who is managing the sale, said: “This impressive building is steeped in history and has been a popular venue amongst the locals and visitors for many years. The sale presents an excellent opportunity for an experienced operator, or indeed a first-time buyer new to the hospitality trade, to acquire an iconic building. We are seeing strong demand for premium sites in the South Tyneside area, and we anticipate a good level of interest in the site."
The venue freehold is on the market with an asking price of £395,000.
For more information, visit the property page: https://www.christie.com/6450548/
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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