Businesses For Sale
Food
Restaurant Opportunity
Heaton
£74,500 (Leasehold)
REF: NE2159
Location
The restaurant is located on Chillingham Road which is the principal road running through the heart of Heaton, a popular suburb to the east of Newcastle City centre.
The subject property forms part of a small parade on Chillingham Road between Sainsbury’s Local and Tesco Express within what is the main shopping area serving this community. Other nearby occupiers include Subway, Greggs, Post Office and numerous independents.
The immediate area includes a pleasant mix of retail, commercial and residential dwellings and there is ample on street parking on Chillingham Road and nearby.
Business Opportunity
A restaurant has been trading from this site since late 2020 and forms part of a busy terrace between Simonside Terrace and Trewhitt Road. The premises are in good order throughout and the kitchen was extended and refurbished when the current tenant occupied.
The premises are configured to provide the main dining area at the front together with a good-sized prep and kitchen space to the rear. There are tables and chairs for around 30 covers plus a service area.
Currently operating as a Greek restaurant, the site lends itself to a variety of cuisines and viewing is strongly recommended to appreciate the fit, finish and location of this opportunity.
Premises
Comprises a ground floor single storey terrace unit with return frontage;
Coffee Shop / Dining Room 480 sq.ft. (47 sq.m.)
Prep & Stock Area 170 sq.ft. (16 sq.m.)
Staff W.C.
Customer W.C.
EPC
Rating TBC.
Current Trading Hours
Monday & Tuesday 5.00pm - 9.00pm
Wednesday to Friday 5.00pm - 10.00pm
Saturday 12 midday - 10.00pm
Sunday closed
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £12,500
Rates free incentives subject to status.
Tenure
The premises are held on a 12 year FRI lease dated from 2020 with a 5 yearly rent review pattern. The current rent is £15,500 per annum.
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.
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