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Hot Food Opportunity

Gateshead £5,000 Leasehold (fees apply) REF: NE1517

Location

The unit is located to the rear of High Street, Felling but on the upper level and known as Thompson Place.  Access to the unit is from Holly Hill which fronts onto the new shopping centre and the immediate area comprises a variety of uses with a mix of commercial and residential accommodation. 

There is potential captive trade but the site offers excellent access to the main routes for any delivery services which are now fundamental to this type of fast food operation.

Description

The business opportunity comprises a lock up single storey unit which traded until recently as a busy and successful Chinese Takeaway.  The business was reluctantly closed due to the owner’s ill health.  

This location is well established as a hot food site and remains fitted and equipped with an extraction system, 6 pan gas range, a 4 pan turbo Wok and various stainless steel worktops. Overall this is an ideal opportunity for a couple or partnership to re-establish and drive forward.

Accommodation

Ground Floor

Service Area circa 34.5 sq.m. (371 sq.ft.)

Prep / Kitchen           circa 38.6 sq.m. (415 sq.ft.) with 6 pan gas range, Turbo Wok and extraction system.

Stores circa 13 sq.m. (140 sq.ft.)

W.C.

Services

Mains gas, electricity, water and drainage are connected. 

Terms

A new FRI lease is available at an asking rent of £180 per week (£9,360 per annum).  Full terms and conditions to be agreed.  The in-going tenant will be responsible for the landlord’s legal costs in the preparation of the new lease.

Business Rates

The premises are assessed as follows:

Description                              Rateable Value

Shop and premises                 £4800

Rates free incentives subject to status.

EPC

Rating – D

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

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