A successful Newcastle 'neighbourhood bar' goes up for sale for £550,000

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A successful Newcastle bar has been brought to the property market.

Nancy’s Bordello, on Argyle Street in Newcastle, has been brought to the property market by Christie & Co for a guide price of £550,000

The pub has been described as a “very successful neighbourhood bar” which had operated for more than 10 years prior to its closure.

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The listing agent has stated that the venue’s closure was brought on the Covid-19 pandemic and the impact that it had on the hospitality sector.

Nancy's Bordello has been brought to the property market for a guide price of £550,000. Photo: Google Maps.Nancy's Bordello has been brought to the property market for a guide price of £550,000. Photo: Google Maps.
Nancy's Bordello has been brought to the property market for a guide price of £550,000. Photo: Google Maps. | Google Maps

The property listing states: “Popular with students and young professionals, the venue also had a strong function trade.

“With another busy pub less than 200 metres away, demonstrating demand for licensed premises in the area, Nancy's presents a superb opportunity for an experienced licensed operator to reopen the site.

“The property is located on Argyle Street in the Manors area of Newcastle-upon-Tyne, a densely populated residential area, primarily made up of student dwellings.

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“This presents an opportunity for an aspirational pub/bar/restaurant operator to reopen a venue which held a superb reputation prior to its closure.

“The immediate area is now far more densely populated than it was when the current owners used to operate the site which suggests it would likely be incredibly busy if it were to reopen.”

The venue is set out over four levels with the ground floor being used as a main bar, the first floor as a second bar/function room with a terrace, the second floor as commercial catering and offices, and the basement as a cellar.

Nancy’s Bordello was also licensed until 2.45am before it closed in March 2020.

You can view the full listing by visiting: https://www.christie.com/6450525/.

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