Newcastle's @Home bar given £250,000 price tag by administrators
Administrators have put a £250,000 price tag on a trouble-hit luxury Tyneside bar complex.
Newcastle's @Home bar was placed under the administration of accountants Grant Thornton earlier this month after the three-storey venture on Newcastle's Mosley Street hit a financial crisis just 16 months after it opened.
Former airline pilot Mark Gillon and his business partner Fiona Dobbing ploughed £1m into the conversion of the one-time life assurance building.
When @Home opened in August 2004, they admitted their "luxebar" was aimed squarely at the "upper end" of the market.
Within the building is an open-plan ground floor bar with capacity for around 200 people and a second bar area on the ground floor above.
The free-of-tie lease runs until 2024 and is being offered at £250,000.
By Cliff Goodwin
E-mail your comments to Cliff Goodwin](mailto:chris.druce@rbi.co.uk?subject=Newcastle's @Home bar given £250k price tag by administrators) here.
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