The premises are located on North Road which is the main route running from Framwellgate Bridge towards the bus and railway stations. Durham is a very busy City approximately 15 miles due south of Newcastle upon Tyne with the benefit of a mainline railway station and direct access to the A1(M). The River Wear loops round the Romanesque Cathedral and the Norman Durham Castle. There is highly reputable University and all these factors draw visitors and tourists into the City throughout the year.
Surrounding North Road the immediate area is a mixture of food, retail, leisure, office and residential accommodation and there is currently significant investment taking place nearby within central Durham including the re-development of Milburngate Centre and the construction of a cinema complex.
The business location is extremely well established and the My Kinda Pizza brand has traded successfully for over 30 years. Our clients grew the business dramatically over the initial years, constantly updating and replacing equipment. Over the last few years the business has been operating under lease but the tenant is moving on and our client now wishes to reduce their business commitments.
The business relies predominantly on pizzas and originally built its reputation on the quality of the ingredients and the product. There is now a small range of grilled products on the menu such as burgers and some chicken dishes but overall there is scope for a new owner to relaunch the menu or possibly expand into other cuisine.
The premises are currently laid out to provide an ordering and collection point at the front of the unit with a spacious kitchen and preparation area to the rear. The business has a 5* local authority hygiene rating and social media feedback is strong with excellent feedback and commentary.
This is an extremely rare freehold opportunity for the right operator with the benefit of living or staff accommodation. Viewing is recommended to fully appreciate all the aspects.
Comprises a ground floor lock up takeaway with a separate 1 bedroom flat above. Accommodation;
Service / Waiting Area circa 206 sq.ft. (19 sq.m.)
Kitchen / Prep Area circa 362 sq.ft. (34 sq.m.)
First Floor Flat generating £140 per week including utilities.
Bedroom (with Bathroom off).
The premises are licensed to open till 1am.
There is a rear car park and our client currently leases 1 car parking space at £10 per week.
The business will be sold free of staff.
The premises are assessed as follows:
Rateable Value £5,900
Rates free incentives available subject to status.
The premises will be offered on a freehold basis at an asking price of £375,000.
Shop & Flat - Rating C.
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.