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Hot Food Opportunity

Whitley Bay £ Nil Premium (fees apply) REF: NE1520

Location:

This hot food opportunity comprises a former Indian takeaway business close to the junction of Station Road with Whitley Road and within easy walking distance of the town centre and Metro Station. Station Road comprises a mix of retail, food, office and private residential housing and there are a number of public houses and other restaurants at the top of the street.  There is ample free parking nearby and paid parking on Station Road itself.

There is significant investment currently taking place in Whitley Bay with a new Premier Inn development set to open in the summer and a new seafront promenade currently being built.

Business Opportunity:

The unit has traded as an Indian takeaway for many years but the tenant closed the business due to another business commitment.

The premises have gas, electric and water in place and there is an extraction system, tandoor oven and some other fixtures in place and would be suitable for a variety of food uses.

Premises:

Comprises a ground floor self-contained unit which forms part of a larger three storey building.  Accommodation;

Waiting Area        circa 243 sq.ft. (22.6 sq.m)

Kitchen                 circa 100 sq.ft. (  9.3 sq.m)

Stores                   circa   57 sq.ft. (  5.3 sq.m)

External Yard                  with store shed.

External W.C.

Fixtures & Fittings

A full inventory would be made available prior to an exchange of contracts.

Rates

The premises are assessed as follows:

Rateable Value           £3,050

Rates free incentives subject to status.

Tenure

We are verbally informed that the premises are offered on a new lease at a commencing rent of £8,500 per annum.  Rent will be payable quarterly (3 months in advance) and the ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the lease. Interested parties should seek legal confirmation of this.

EPC

Rating – D.

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.

 

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