Location
This freehold business and residential opportunity is situated at the western end of Esplanade, close to the junction with Whitley Road.
Whitley Bay has enjoyed significant investment over the last 5 years and this has included the arrival in the town of the Premier Inn brand plus a redevelopment of the roads and footpaths along the seafront nearby. There are increasing numbers of visitors and public transport links are excellent with a Metro station close by.
Business Opportunity
The ground floor space traded until 2022 as an Indian Restaurant but then closed due to personal reasons.
The restaurant space is laid out over the ground floor with street access via a designated lobby. There is a kitchen area to the rear plus separate toilets and the space would be suitable for a variety of cuisines.
Premises
Ground Floor
Main Restaurant 51 sq.m. (550 sq.ft.)
Kitchen 14 sq.m. (155 sq.ft.)
2x Toilets
Store
First Floor (maisonette with separate access)
Lounge 21 sq.m. (225 sq.ft.)
Kitchen 14 sq.m. (150 sq.ft.)
Bedroom 1 16 sq.m. (170 sq.ft.)
Shower Room / WC 5 sq.m. ( 53 sq.ft.)
Second Floor
Bedroom 2 18 sq.m. (190 sq.ft.)
Bedroom 3 19 sq.m. (205 sq.ft.)
Bedroom 4 13 sq.m. (135 sq.ft.)
Bathroom 5 sq.m. ( 57 sq.ft.)
External
Parking 2x designated spaces.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Services
Electricity Gas and Water is installed.
Rates
The premises are assessed as follows:
Rateable Value £7,300 (from April 2023).
Rates free incentives subject to status.
EPC
Rating E.
Council Tax
Band C.
Tenure
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
