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Licensed Restaurant Opportunity

Low Fell £35,000 Leasehold (fees apply) REF: NE2070

Location

The premises are located on the main road running through the popular suburb of Low Fell.  This is a sought after residential area with a pleasant mix of residential accommodation with a busy secondary shopping area that serves the local population.  Tenants include a pleasant mix of small independent shops plus multiples such as Subway, Costa and Co-op Foodstore.

Business Opportunity

The current business operates as a Turkish restaurant   which has been operating successfully from the site since 2018.  Only the lease and fixtures are for sale as the business owner is looking to relocate to a larger site.

This upper floor restaurant has direct street access via a lobby from Durham Road which leads up to a pleasant bar and waiting area. This space interconnects with the dining room which is set out for between 40 - 44 covers with a mixture of tables, chairs and bench seating.

The premises are licensed till midnight and could be used for a variety of cuisines should new owners wish to change direction.  There is a large patio area to the rear that has been converted into an outdoor eating area and beer garden for when the weather permits.

Premises

Comprises a first floor restaurant and beer garden.

Ground FloorLobby leading up to;

First Floor

Dining & Bar area                      74.5m2     800ft2

Kitchen                                     31.6m2     340ft2

Staff/Store                                  5.9m2     63ft2

Ladies Toilets

Gents Toilets

Staff Toilets

External

Beer Garden / Patio

EPC

Rating TBC.

Agents Notes

The new tenant will be required to pay the Landlords reasonable legal costs for this transaction, estimated at circa £2,000.

Trading Hours

Mon & Tues                            closed

Wed – Sat                     12 noon – 10.00 pm

Sunday                         12 noon – 9.00 pm

Staff

Available with or without staff.

Fixtures & Fittings

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

Rates

The premises are assessed as follows:

Rateable Value £8,800

Rates free incentives subject to status.

Tenure

The premises are currently held on a 10 year FRI lease dated from 2013.  The current rent is £12,500 per annum and the existing tenant is holding over.  A new lease is available with terms to be agreed.

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.

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

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