The property, known as Marco Polo, is located on York Road, Hartlepool is listed by Pattinsons estate agents.
The estate agents describe this as a “rare opportunity” due to the property’s “prominent” location, close to the main street, shopping centre, business centre, and council offices.
These factors are considered ideal for high customer footfall. Pattinsons estate agents are handling the sale via secure sale online bidding, with terms and conditions applying.
The guide price for the property is set at £225,000.
Marco Polo is currently on a seven-year full lease, renewed on July 1.
This generates a rental income of £31,270 per year, with the tenant responsible for paying the landlord insurance.
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The ground floor of the property houses a vast restaurant and bar, along with a large commercial kitchen.
The first floor features two function rooms, currently utilised as a base for a specialist children’s play group.
The property also includes a three-bedroom apartment that spans across three floors.
Accessed via a side door, the ground floor contains a long reception hallway with a return staircase leading to the first-floor accommodation.
The first floor features a kitchen, living room, and a large double bedroom.
A secondary staircase on the landing leads to the second-floor landing, servicing a family bathroom and two further large double bedrooms.
The property, which has three freehold titles, has a current rateable value of £6,200.