Location
The restaurant 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, Post Office 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 Opportunity
A restaurant has been trading from this site since late 2017 and occupies a prominent corner location at the junction of Chillingham Road with Trewhitt Road. The premises were refurbished throughout including a new floor, a rewire and new services.
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.
The site lends itself to a variety of cuisines but planning is restricted to certain pieces equipment which currently include pizza ovens and a charcoal grill. There is scope for a new owner to incorporate a brunch or breakfast menu which the current operator does not offer.
Viewing is strongly recommended to appreciate the fit, finish and location of this opportunity.
Premises
Comprises a ground floor single storey terrace unit with return frontage;
Ground Floor
Restaurant/Kitchen 52 sq.m. 560 sq.ft.
W.C.
External
Rear Yard with storage container.
Permitted Trading Hours
Monday - Sunday 9.00am - 11.00pm
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £12,500
Rates free incentives subject to status.
Tenure
The premises are held on a 5 year FRI lease dated from 2022. The current rent is £14,000 per annum which is under review. The new rent is expected to be agreed at a figure in the region of £16,000 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.
