Businesses For Sale
Food
Takeaway / Restaurant Opportunity
Newcastle upon Tyne
£100,000 (Leasehold)
REF: NE2176
Location
This business is opportunity is located on Westgate Hill which runs into Newcastle City centre from the West End of the City. Westgate Hill is the main route running East West from the City centre and is home to a mixture of occupiers including retail, residential, motor trade and food outlets.
This part of Newcastle is growing in popularity with several new office buildings having been constructed and is within easy walking distance of all the main City facilities.
Business
A fish and chip shop occupied this site for nearly 50 years but the lease was then acquired by the current tonight who completely refurbished the space. The unit is now configured to provide a takeaway and pick up area at the front with the kitchen and preparation space towards the rear. On the left-hand side of the unit there is a mixture of booth and bench seating with covers for up to 24 customers.
The menu is currently bespoke, offering a range of kebabs and sides plus meal deals. There is a delivery service which makes up around 70% of the business which is understandable as there is no daytime opening. Match days are particularly busy as the business is one of the closest food outlets to St. James’ Park.
This is a rare to the market opportunity and would be ideal for both owner operators, or for an existing chain to bolt on to their network. There is scope to introduce other food options but some additional equipment would need to be acquired. Viewing is recommended to fully appreciate the location and fit out.
Property
Comprises the ground floor of a mid-terraced two storey property of traditional construction.
Ground Floor circa 91 sq.m. (980 sq.ft.)
Restaurant / Takeaway
Kitchen / Prep Area
Stores
Customer W.C.
EPC
Rating C.
Trading Hours
Monday - Sunday 5.00pm – 10.45pm
Staff
Currently operated under management.
Services
Mains electricity, gas, water and sewerage services are connected to the property.
Rates
The property is assessed as follows:
Rateable Value £9,900
Rates free incentives are available subject to status.
Tenure
We are verbally informed that the property is held on a 15 year lease from December 2023. The current rent is £1,516 per month (£18,200 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.
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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