Businesses For Sale
Food
Freehold Restaurant
South Shields
£400,000 (Freehold)
REF: NE2163
Location
These restaurant opportunities are located within a larger detached building, 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 seeing significant investment at the moment, 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
There is one main entrance which leads into a private lobby which permits secure access into each floor.
A stairwell then leads up towards the first floor and their toilet facilities are located on the half landing. Each restaurant space is part fitted and equipped but the kitchen areas need attention.
Premises
Comprises separate floors of a 2 storey property in good order throughout. Access to the upper floor is via the secure shared ground floor lobby.
Ground Floor
Restaurant Area circa 1,010 sq.ft. (94 sq.m.)
Kitchen circa 250 sq.ft. (23 sq.m.)
Office / Store circa 225 sq.ft. (21 sq.m.)
Gents & Ladies Toilets
First Floor
Restaurant Area circa 1,665 sq.ft. (155 sq.m.)
Kitchen circa 355 sq.ft. ( 33 sq.m.)
Office
Gents & Ladies Toilets
Services
Gas, water, electric and sewerage is installed.
Rates
The premises are assessed as follows:
Ground Floor Rateable Value £7,800
First Floor Rateable Value £9,500
Rates subsidies available subject to status.
Tenure
We are verbally informed that the property is held on a freehold title.
EPC
Rating – B
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.
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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