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Modern Restaurant

Low Fell £23,900 Leasehold (fees apply) REF: NE1196

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 together with a busy secondary shopping area.  Tenants include a range of small independent shops plus multiples such as Boots the Chemist, Costa Coffee and Savers. 

Business

This is a very long established restaurant site but the current business was established by our client in 2015 and has built up a good local reputation with high levels of repeat custom. The menu is of traditional Mediterranean fare and offers a range of pizza, pasta and meat dishes for a variety of budgets.

The dining room has recently been refurbished and the décor is of a modern style and set out for approximately 50 covers to the first floor, together with a pleasant service bar area.  The layout and style of the dining room means that it would be suitable for other cuisines dependent on choice.

Viewing is strongly recommended to appreciate the location of the unit and the fit and finish.

Premises

The premises comprise a first floor lock up restaurant with street access.

Accommodation;

Ground Floor;

Lobby

First Floor;

Dining/Bar area             59.7m2     642ft2

Kitchen                         23.6m2     254ft2

Staff/Store                    2.5m2       30ft2

Ladies Toilets

Gents Toilets

Services

The premises have the benefit of air conditioning, gas central heating and new windows have also recently been installed.

Staff

The business can be sold free of staff.

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 £8,400

We understand that rates free incentives may be available subject to individual status.

Tenure

We are verbally informed that the premises are held by way of a 10 year FRI lease from 2015. The current rent is £12,000 per annum with a rent review at the 5th anniversary.  Interested parties should seek legal confirmation of this.

EPC

Rating C.

 

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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