The business occupies a self-contained ground floor retail unit forming part of a busy parade fronting onto the High Street. Gosforth is a sought-after residential suburb 2 miles north of the City centre and the easily accessible from the High Street and from the nearby car parks. The High Street is home to a mixture of multiples and quality independent shops plus a range of restaurants, pubs and coffee shops.
This location is an extremely well-established hot food site and a takeaway of some description or the other has been trading from here for over 20 years. Our client trades as a Chinese / Japanese Takeaway and has been operating the business for the last 6 months and spent circa £20,000 on upgrading and refurbishing various aspects. There would be little for any new owner to attend to on takeover and viewing is recommended.
The business has a loyal customer base and, in spite of the strong levels of sales, does not use JUST EAT to generate delivery orders. The business has its’ own online presence which offers customers sight of the full menu together with an integrated ordering facility. The business could be adapted for alternative cuisines if required
Comprises a single storey unit with return frontage;
Takeaway / Kitchen circa 46.6 sq.m. (502 sq.ft.)
Stores circa 3.7 sq.m. (40 sq.ft.)
Mon /Wed /Thurs /Sun 5.00 p.m. - 10.30 p.m.
Friday - Saturday 5.00 p.m. - 11.00 p.m.
The business is currently run by our client with the help of 4 members of staff.
Mains electricity, gas, water and sewerage services are connected to the property.
The property is assessed as follows:
Rateable Value £11,250
Rates free incentives subject to status.
We are verbally informed that the property is held on a 15 year lease from 2010. The current rent is £18,000 per annum with 5 yearly rent reviews.
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.