**Situation**
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.
**Description**
The subject property is a brick built building under pitched slate roof dating
back to the 12th 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.
**Accommodation**
Bar (Front) - 37. 35 m2 (402 sq ft)
Bar (Rear) - 28. 22 m2 (303 sq ft)
First Floor (Lounge) - 32. 25 m2 (347 sq ft)
First Floor (Kitchen/Utility) - 14. 70 m2 (158 sq ft)
Second Floor (Bedroom 1) - 11. 97 m2 (128 sq ft)
Second Floor (Bedroom 2) - 14. 02 m2 (150 sq ft)
Second Floor (Bathroom) - 10. 89 m2 (117 sq ft)
Second Floor (Shower Room) - 4. 24 m2 ( 46 sq ft)
**Terms**
We are seeking premium offers of £150, 000 for our client’s leasehold interest
in the property
**Company accounts**
The previous 3 years accounts as well any details of stock taking records are
available upon request from any interested parties.
**Rating assessment**
Description rv Estimated Rates Payable
Public House £21, 250 £10, 200
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.
**Legal costs**
Each party is to bear their own legal costs involved in the transaction.
**VAT**
All rents, premiums and purchase prices quoted herein are exclusive of VAT.
All offers are to be made to Bradley Hall upon this basis, and where silent,
offers will be deemed net of VAT.

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