Home > UK Property Market > Freehold Pubs For Sale In Redcar Cleveland

Freehold Pubs For Sale In Redcar Cleveland

LOCATION
The Royal Hotel is located on the sea front in Redcar, Cleveland. The area is undergoing a £40m redevelopment including a unique 80ft vertical pier. Situated to the rear of the property is the main High Street.

PROPERTY
The Royal Hotel is a part 2, part 3 storey building with a pitched slate roof. Property benefits from sea views and boasts a small yard to the rear. Ground floor comprises a large open plan trade room with bay windows, former kitchen and toilets. First floor has 7 rooms with bathroom and WC. Second floor comprises a further 8 rooms and bathroom.

FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 4,199 sq ft*
Approx ground floor foot plate: 3,526 sq ft*
Rateable Value: £31,500
Unconditional offers invited for our clients unencumbered interest

The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.

The existing use class of the property is A4 ‘Drinking Establishments’. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes).

Follow the link for more freehold pubs for sale In Redcar Cleveland

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