Location
This business opportunity is located in the centre of Morpeth, adjacent to the main shopping area and the bus station.
Morpeth is a popular market town approximately 15 miles due north of Newcastle upon Tyne with excellent road links via the A1 and is also on the East Coast main railway line.
Business Opportunity
A restaurant has been trading from this site for 2 or 3 years but is now vacant and suitable for a variety of cuisines and food or drink uses.
The premises are configured to provide a main ground floor dining space for circa 30 covers with an open kitchen off. On the upper floor there is another dining space laid out for up to 60 covers which can also be used for private functions. The gable end of the space is fully glazed and this design ensures that are high levels of natural light throughout the public areas.
The property was refurbished to a very high standard less than 5 years ago and, with minimal investment or input from a tenant, a new venture could be launched quickly from this unit.
Viewing is strongly recommended to fully appreciate the location and scope that this opportunity offers.
Premises
Comprise a two storey self-contained unit with return frontage and forming part of larger property.
Ground Floor
Restaurant Area circa 980 sq.ft. (91 sq.m.) with a fitted bar and tables and chairs for up to 40 persons.
Kitchen circa 335 sq.ft. (31 sq.m.) and well fitted and equipped for the trade.
Toilets separate staff, ladies and gents.
First Floor
Restaurant circa 935 sq.ft. (87 sq.m.) with tables, chairs and seating for up to 70 covers.
Toilets separate ladies and gents.
External
Ground Floor Patio for up to 12 covers.
First Floor Patio for up to 16 covers.
Fixtures & Fittings
An inventory will be made available to bona fide purchasers prior to any exchange of contracts.
Services
Electricity and gas is installed to the property and there is air conditioning on both floors.
Rates
The premises are assessed as follows:
Rateable Value £ currently under review
Tenure
The premises are available on a new FRI lease at a commencing rent of £40,000 per annum. Further details on application.
EPC
Rating – B.
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.
