Location
This business opportunity is on Chillingham Road within the suburb of Heaton, approximately 2 miles due east of Newcastle City centre. Chillingham Road is the principal road running through the suburb and nearby occupiers Sainsburys, Greggs the Bakers, Domino Pizza and Subway.
Business Opportunity
This site is located in the heart of a thriving suburb with a broad demographic that includes students, young professionals and families. The unit forms part of a busy parade with pull in parking to the front and extremely high levels of both captive and passing trade.
The premises are currently operating as a niche food outlet which forms part of a larger network of shops. The seller will include the 13,000 followers from the Instagram page, the majority of whom are local residents.
The unit would be suitable for a variety of food uses and has extraction and a good range of equipment installed. Viewing is recommended to appreciate the quality of the fit out and the excellent site position.
Premises
Comprises a ground floor, self-contained unit forming part of larger property.
Restaurant / Service circa 240 sq.ft. (22 sq.m.) with bar counter, bench seating and extraction system. Other equipment is available and can be viewed at any site meeting.
W.C.
EPC
Rating – B.
Fixtures & Fittings
An inventory will be made available to bona fide purchasers prior to any exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £5,400
Rates free incentives subject to status.
Tenure
Held on a 5 year lease from 2022 at a passing rent of £5,000 per annum for the 1st year rising to £6,000 per annum for years 2 & 3 and then up to £7,000 per annum for the rest of the term.
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.
