The Point, Holmeside, Sunderland

Description
A 2,600 person capacity city centre live music and events venue showcasing atmospheric, dramatic concerts, exhibitions and live music.

Location
The property is situated within the city centre close to the junction of Vine Place and Holmeside and forms part of an established licensed and leisure circuit. The immediate area comprises retail, commercial and leisure uses with an entrance to the Bridges Shopping centre close-by.

Ground Floor
The ground floor is subdivided into two interconnecting venues with separate entrances. Live Lounge is as it suggests, a live music venue showcasing local talent on a weekly basis. There is a huge opportunity to introduce a food offering from this space and open longer hours. 800 person capacity.

The second venue, Glitterball operates as a late bar/nightclub and operates on student nights and weekends. 500 person capacity.

Both venues are in turnkey condition and generating good levels of income.

Other Floors
The first floor is a truly multi-functional space which is regularly used for a variety of different events, from live music, stand-up comedy, awards ceremonies and conferences to name some examples.

The space has been heavily invested in and comes equipped with stage, high quality sound and lighting systems and well as acoustic timbering to the walls. There is a main bar servery as well as a number of smaller bars. 1,300 person capacity.

Fixtures & Fittings
Fixtures and fittings are included with the exception of items that are personal to our client.

External Details
The property benefits from a Pavement License for 100 people and the Local Authority have looked favourably upon expanding this.

The Opportunity
The Point offers a brilliant opportunity for a purchaser to acquire a property with a long standing reputation as a leisure destination. Forming part of a long established circuit, The Point could continue to trade very well with the current format but would lend itself to a variety of licensed and leisure uses.