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Restaurant Opportunity

Newcastle £25,000 Leasehold (fees apply) REF: NE1529

Location

The premises are located within the centre of Heaton which is one of the most popular suburbs   of Newcastle upon Tyne.  The subject property forms part of a busy parade on the main road running through the suburb and within the main shopping and leisure district.  The immediate area includes shops, coffee houses and eateries and lies within a densely populated residential area. There are very few restaurant opportunities available within Heaton and therefore strong interest is expected.

Business Opportunity

The premises were refurbished in early 2017 and has been placed on the market as our client  wishes to concentrate on another business venture which is in Northumberland.  Our client installed a new kitchen with extraction and the fixtures and fittings within the premises will all be included in any sale.  There is a fitted bar area and whilst the restaurant currently operates with an Italian menu it would be suitable for alternative cuisines.

Viewing is strongly recommended to appreciate the location and potential of this opportunity and the quality of the fit out.

Premises

Ground Floor

Entrance Lobby

First Floor

Dining Area / Kitchens        

circa 2,500 sq.ft. (228 sq.m)

Cloakrooms

circa 250 sq.ft. (23 sq.m)

3 Store Rooms

circa 150 sq.ft (13.9 sq.m)

Ladies Toilets

Gents Toilets

Tenure

We are verbally informed that the premises are available on a lease at a PASSING RENT of £30,000 per annum.

A new longer lease may be available for a new tenant.  Full details to be agreed regarding term and rent reviews.

Permitted Trading Hours

Monday - Sunday 9.00am to 11.00pm

Rates

The premises are assessed as follows:

Rateable Value  £11,000

Rates free incentives available subject to status.

EPC

Rating – D.

 

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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