Businesses For Sale
Food
Fully Fitted Restaurant
Jesmond
£75,000 (Leasehold)
REF: NE2175
Location
This opportunity is situated on Jesmond Road, facing the main route leading into and out of Newcastle from the east.
Jesmond is one of the most sought-after residential suburbs of Newcastle within walking distance of the City centre and comprising an excellent infrastructure.
This property forms part of a busy shopping terrace, close to Jesmond Dene and the surrounding area comprises mainly residential housing. Access is straightforward from the A1058 Coast Road and there are bus stops nearby.
Business Opportunity
This is an extremely successful and established restaurant location from which the former tenant traded successfully for 12 years before deciding to pursue another opportunity.
The premises are in excellent order and offer a distinctive configuration with public spaces on 3 different levels. The ground floor offers bar, waiting and dining options and then on the first floor there is another dining space plus the well- equipped open plan kitchen. Overlooking the first floor is another open plan dining space plus separate toilet and office facilities.
The premises can accommodate up to 60 covers and would be suitable for a variety of cuisines. Viewing is strongly recommended to fully appreciate the location, fit out and potential of this opportunity.
Premises
Comprises part of a self-contained 3 storey space which extends to circa 175 sq.m. (1,880 sq.ft.). The property is well appointed and air conditioning and mood lighting is installed to the public areas.
Ground Floor
Reception / Bar Area
Waiting Area
Booth Seating
Disabled W.C.
First Floor
Dining Area
Kitchen
Prep Room
Second Floor
Dining Area
Office
Ladies Toilets
Gents Toilets
Ancillary Spaces
There is a pastry room and other additional spaces that include a walk in chiller.
Former Trading Hours
Sun - Tues closed
Wed - Sat 12.00pm - 1.45pm 5.30pm - 9.00pm
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £28,000
This is not the amount you would pay.
Tenure
The premises are held on a 20 year lease from 2013 at a current rent of £30,000 per annum plus VAT. There are rent reviews every 5th anniversary. A copy of the lease is available for inspection.
EPC
Rating TBC.
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.
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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