Location
This restaurant space forms part of a larger detached building which is adjacent to the new transport interchange. This is a busy location close to the town centre and the main car parks.
This area of South Shields is undergoing significant investment in preparation for the proposed relocation of South Tyneside College.
This new development will bring a huge number of students and staff into the town centre and should provide a boost to all sectors of the local economy.
Business Opportunity
These first floor premises are accessed from a private stairwell leading up from a ground floor lobby. The space is currently configured to provide circa 90 covers in a split level dining space with a fitted bar and a kitchen off. Ladies and gents toilets are on a half landing and whilst there are some fittings included, the kitchen will need to be
Premises
Comprises the upper floor of a 2 storey property in good order throughout. Access to the upper floor is via the secure shared ground floor lobby.
Ground Floor
Lobby
First Floor
Restaurant Area circa 1,665 sq.ft. (155 sq.m.)
Kitchen circa 355 sq.ft. ( 33 sq.m.)
Office
Half Landing
Customer Toilets
Services
Gas, water, electric and sewerage is installed.
Rates
The premises are assessed as follows:
Rateable Value £9,500
Rates subsidies available subject to status.
Tenure
A new FRI lease will be available at a rent of £20,000 per annum. Details on application.
EPC
Rating – tbc
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.
