Fully Fitted Licenced Restaurant Opportunity In Heaton For Sale

Heaton, Tyne and Wear, UK

Asking Price:: £75,000 Furniture / Fixtures included

Turnover:: Not applicable

Net Profit:: Not applicable

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• Outstanding opportunity ideal for owner operators.
• Suitable for a variety of food uses.
• Spacious premises in prominent location.
• Up to 70 internal covers plus external seating area.
• Fully fitted and equipped premises.
• Long lease in place at £500 per week.

Property Information

Property:: Leasehold

Lease Terms:: The premises are held on a 15 year lease from 2023 at a passing rent of £26,000 per annum (£500 per week). Further details available on application.

Leasehold Rent:: £26,000 per annum

Location:: This business opportunity is located at the end of a residential terrace at the northern end of Chillingham Road. Chillingham Road is the principal road running in the popular residential area of Heaton to the east of Newcastle. Other commercial occupiers on this street include Tesco Express, Sainsburys, Greggs the Bakers, Domino and Subway. In addition to the high levels of captive trade from nearby shoppers and local residents, there is nearby street parking for visiting customers

Premises Details:

A restaurant has been trading from this site for many years, originally as an Indian restaurant before then opening as an Italian in 2022. The opportunity has been reluctantly placed on the market for personal reasons.

The premises are configured to provide a main dining area that can seat up to 70 and there is also a separate bar and waiting area with high tables and stools. Externally there is a patio space which offers outdoor eating options when the weather permits.

The site would lend itself to a variety of cuisines but the kitchen is currently fitted with equipment that includes pizza ovens and a charcoal grill. Whilst the site is more associated with traditional restaurant use, there would be scope for new owners to incorporate a breakfast or brunch menu which is likely to be popular in this location.

Viewing is strongly recommended to appreciate the location and scope that this opportunity offers.