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Italian Restaurant

Heaton £69,950 Leasehold (fees apply) REF: NE1403

Location

The business is located on Chillingham Road which is the principal road running through the heart of Heaton, a popular suburb to the east of Newcastle City centre.

The subject property forms part of a small parade on Chillingham Road between Sainsbury’s Local and Tesco Express within what is the main shopping area serving this community.  Nearby occupiers include Subway, Greggs, TSB Bank and numerous of independents.

The immediate area includes a pleasant mix of retail, commercial and residential dwellings and there is ample on street parking on Chillingham Road and nearby.

Business

The restaurant was established by our client from this site in late 2017 and is now one of the most popular restaurants in Heaton.  The premises were refurbished throughout when acquired and all the fixtures, fittings and equipment were new at the point of opening.

The cuisine showcases the best of the authentic Italian ingredients and the menu offers a mix of modern and traditional dishes.  The food comprises fish, meat and poultry dishes together with a range of specialist pizzas and a selection of vegetarian options. 

The premises are configured in the modern style with the kitchen opening into the main dining area.  There are tables and chairs for around 30 covers and there is also pavement seating for when the weather permits. There is scope for a new owner to incorporate a brunch or breakfast menu which we would expect to be popular at weekends.

Viewing is strongly recommended to appreciate the fit, finish and location of this opportunity.

Premises

Comprises a ground floor single storey terrace property;

Ground Floor

Restaurant / Kitchen                  61 m2       650 ft2

Preparation Area                         9 m2         98 ft2

Toilets

Trading Hours

Mon - Thurs       5.00pm – 10.00pm

Fri & Sat          11.00am – 10.00pm

Sunday             12 noon – 3.00pm

Fixtures & Fittings

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

Rates

We are verbally informed that the premises are assessed as follows:

Rateable Value £15,000

Tenure

The premises are held on a 5 year FRI lease dated from 2017.  The current rent is £14,000 per annum.

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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