Location:
This business opportunity is located in the centre of Arthurs Hill, which is a busy suburb to the west of Newcastle upon Tyne and within walking distance of the city centre.
The premises are located on Stanhope Street which is the main road running through the area and where all the shops and businesses are located. This is a densely populated residential area with a broad demographic which includes students, families and young professionals
Business Opportunity:
This unit is located on a prominent corner at the junction of Stanhope Street with Dilston Road. There are high levels of potential captive and passing trade with free on street parking adjacent.
The premises are in good order and were operating as a Shawarma and Dessert Café with a waiting and service area to the front plus a small seating section. To the rear there are a couple of storage rooms and a toilet facility. The cooking space is fitted with a large extraction canopy and there will be a selection of equipment left on site subject to agreement.
The premises have a generic A5 hot food licence so could be used for a variety of cuisine. Please note that, owing to an anti-competition clause, the premises could not be used for the sale of pizzas or kebabs
This is a rare hot food opportunity in a very busy site and viewing is strongly recommended.
Premises:
Comprising the self-contained ground floor of a larger two storey end terrace building. Accommodation;
Ground Floor
Customer / Kitchen Area 360 sq.ft. (34 sq.m.)
Store 1 130 sq.ft. (12 sq.m.)
Store 2 125 sq.ft. (11 sq.m.)
W.C.
Licensed Trading Hours
11.00 am - 11.00 pm
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £5,200 (April 2023)
Rates free subject to individual status.
Tenure
The premises are offered on a sublease expiring in 2029. The passing rent is £10,000 per annum with further terms and conditions are to be agreed.
EPC
Rating - E.
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.
