Established Tex Mex Restaurant In South Shields For Sale

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a lease for a term of 21 years from 2010. The current rent is £15,000 per annum inclusive of VAT and includes the flat above. Details on application.

Leasehold Rent:

£15,000 per annum

Living Accommodation:

Living Accommodation
Comprises a 3 bed flat which can generate up to £1,100 per month when fully let. The income is inclusive of all utilities.

Location:

The property forms part of a busy terrace on Ocean Road which is the main route running from King Street down towards the seafront. This is an area which has a high concentration of restaurant and food operators and the street has recently undergone some significant investment and there is ample pull in street parking.

There are high levels of residential housing within the immediate area and on the opposite side of Ocean Road there are guest houses and small hotels which generate good levels of trade.

Premises Details:

This reputable business was established in 2017 and concentrates on a Tex Mex food offer plus a small selection of other options. The food and service receive consistently excellent reviews via social media and the owners pride themselves on the authenticity of the food. There is a bespoke smoker in the kitchen for the preparation of the ribs and brisket.

The restaurant currently offers a unique option on Ocean Road and new owners could develop the current trade and look to incorporate deliveries and collections via the rear prep area.

Premises

Comprises a 3 storey terrace property. Access to the upper floor is from the rear lane and internally.

Ground Floor
Restaurant circa 615 sq.ft. (57 sq.m.)
Kitchen circa 176 sq.ft. (16 sq.m.)
Rear Prep
Rear Service Area
3 x Customer Toilets

Business Operation

Trading hours:

Monday – Sunday 4pm – 10pm
The restaurant offers a lunch service during the summer months.

Years established:

7 years.