The Shakespeare, 64 Saddler Street, Durham – DH1
Leisure property for sale
£150,000 1,651 sq ft
Public House Business Lease For Sale Spacious Living Accommodation to 1st and 2nd Floors Excellent City Centre Location Full Accounts and Stock Records Available Potential for Expansion on Upper Floors Premium Offers of £150,000 Invited
The Shakespeare is a Public House located in the heart of Durham City on Saddler Street with extremely high footfall linking Durham Cathedral and the City’s main pedestrianised shopping area. The subject property is surrounded by a variety of bars and restaurants including Zizzi, Pizza Express and Bills.
The subject property is a brick built building under pitched slate roof dating back to the 12^th Century with prominent signage fronting onto Saddler Street. Internally the ground floor accommodation provides cosy bar and seating area with lounge to the rear along with w/c facilities and access to the cellar. The first floor benefits from a large living space to the front elevation, which has potential to be converted to an eating area for c.40 covers. The first floor benefits from a large living space to the front elevation, which has potential to be converted to an eating area for c.40 covers. Our client is currently exploring the viability of converting the upper floors himself for leisure use. To the rear there is a kitchen and utility area. The second floor provides further living accommodation including: 2 bedrooms, a bath room and shower room with additional space for storage.
We are advised that the rateable value of the premises as at 1 April 2017 is £21,250 and we have estimated the accrual rates payable for the current year above. This is based on the standard Business Rate Multiplier of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.
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This leisure property for sale is located in DH1.