Location
This business is located at the junction of Starbeck Avenue with Helmsley Road in the centre of this extremely popular suburb of Newcastle, less than a mile from the City centre. The immediate area is a mix of good quality private housing with students, families and young professionals comprising the local population.
Business
A traditional fish and chip and hot food takeaway has occupied this site for over 50 years and has won a awards over this period. The current owners acquired the business in 2010 but have placed the business on the market as they wish to reduce their commitments.
In line with the branding, the current menu is compact and concentrates on traditional Fish and Chips with a small range of complementary products. There is a small delivery service which makes up about 30% of the turnover and most of these orders come from their bespoke website. The collection trade is by far the largest contributor, driven by the high levels of nearby housing and free parking. There is scope for a new operator to extend the hours and expand the lines sold with enough prep and sales space to integrate these.
This is a rare market opportunity and would suit a variety of potential owners. Viewing is recommended to appreciate the location and potential.
Property
Comprises the basement, ground and first floor of an end-terraced property of traditional construction.
Ground Floor (38 sq.m. / 410 sq.ft.)
Main Sales Shop
Prep Area
Basement (38 sq.m. / 410 sq.ft.)
Potato Room
Prep Room
First Floor (32 sq.m. / 345 sq.ft.)
Lounge / Staff
Storage Area
Kitchen
Bathroom
EPC
Rating E.
Trading Hours
Mon - Thurs 12.00am - 2.00pm 4.00pm - 8.30pm
Fri & Sat 12.00am - 8.30pm
Sunday 4.00pm - 8.30pm
Staff
The business is currently run by our client part time with the help of 5 members of staff plus drivers.
Services
Mains electricity, gas, water and sewerage services are connected to the property.
Rates
Rateable Value £3,750
Rates free incentives subject to status.
Tenure
A 25 year lease is in place from October 2010 at a current rent of £24,743 per annum. There are rent reviews every 3rd anniversary with a fixed 10% uplift.
Money Laundering Regulations:
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
