The opportunity is located on the main road that runs through this popular residential suburb and at a very busy junction where Chowdene Bank and Kells Lane join Durham Road. The property forms part of a small parade with a coffee shop and hair salon adjacent and the immediate area is a mixture of retail, leisure and good quality private housing.
A hot food takeaway has traded from the site for many years and has operated as a traditional Fish & Chip shop for most of this period. The premises are configured to provide a public waiting and ordering area with a kitchen and a large prep area beyond.
The unit is in good order, fully fitted and equipped and available for immediate occupation. The shop has the benefit of an extremely busy main road frontage, pull in car parking and very high levels of captive trade.
Local occupiers include a busy public house, which has just been fully refurbished, and a long established social club. There are a number of large housing estates within easy walking and driving distance and road links are excellent for a delivery service.
The opportunity will comprise of a ground floor lock up unit as follows;
Service Area circa 223 sq.ft. (20.7 sq.m) with 2 pan gas range, bain marie, kebab stick and extraction.
Kitchen circa 149 sq.ft. (13.8 sq.m.) with freezers, fish fridges and worktops.
Prep Areas circa 140 sq.ft. (13 sq.m.) with sink unit and stainless steel worktops.
Garage circa 264 sq.ft. (24.5 sq.m.) with chipper, peeler and sluice.
Fixtures & Fittings
Either available by separate negotiation or will form part of the demise. A full inventory would be made available prior to an exchange of contracts.
The premises are assessed as follows:
Rateable Value £3,700
Rates free incentive available subject to status.
Premium & Tenure
The asking premium is £5,000. The premises will be offered on a new FRI lease at a commencing rent of £11,000 per annum (circa £210 per week). Length of lease and terms and conditions to be agreed with rent reviews at the 3rd anniversary. Minimum lease term 3 years. * Rent incentives may be available *
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the new lease.
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.