The retail unit benefits from an excellent location within the main shopping area which serves this popular residential suburb. Forest Hall lies approximately 4 miles north east of Newcastle City Centre and the unit forms part of a busy parade with the benefit of free car parking to the front. Other tenants include Boots The Chemist, Greggs, Barclays and Sainsbury’s.
This business was established by our client in 2006 but has been placed on the market as they are considering another opportunity. The business has a reputation for high quality home-made fare and provides a variety of hot & cold sandwiches, Paninis, soups, salads, pies and a selection of deli fare. The unit has been fully refurbished offering a retail space with a good fit & finish.
There is scope for a new owner to develop the outside catering and delivery elements of the business and look at a Sunday roast offer which are becoming more and more popular.
The business enjoys positive customer reviews and has scored a Food Hygiene Rating of 5 (Very Good) in the most recent Food Standards Agency Inspections.
Comprises a ground floor retail unit forming part of a two storey mid terraced property.
Ground Floor circa 37 sq.m. (400 sq.ft.)
Service Area with non-slip flooring, cash register, chilled counters and display units, drinks chiller, menu boards, coffee machine, soup cauldrons, gravity slicer, fridge/freezer, hot plate, scales, turbo & fan oven and sink unit.
W.C. with wash hand basin.
Mains water and electricity.
Rating - C
The business is ran by our client plus 2 members of staff throughout the week and an additional member of staff on a Saturday.
Monday - Saturday 9.00 a.m. – 4.00 p.m.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rateable Value £9,700
Rates free incentives subject to status.
We are verbally informed that the premises are held on a 15 year lease from 2006 with the current rent being £14,000 per annum. A new lease may be available Interested parties should seek legal confirmation of this.
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