• Outstanding opportunity ideal for owner operators.
• Suitable for a variety of food uses.
• Spacious premises in popular market town.
• Up to 90 internal covers plus external seating areas.
• Immaculate internal fit and finish.
• New lease available at £40,000 per annum.
- Asking Price:
- £60,000 Furniture / Fixtures included
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
Property Information
- Property:
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Leasehold
- Lease Terms:
-
The premises are available on a new FRI lease at a commencing rent of £40,000 per annum. Further details on application.
- Leasehold Rent:
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£40,000 per annum
- Location:
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This business opportunity is located in the centre of Morpeth, adjacent to the main shopping area and the bus station.
Morpeth is a popular market town approximately 15 miles due north of Newcastle upon Tyne with excellent road links via the A1 and is also on the East Coast main railway line.
- Premises Details:
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A restaurant has been trading from this site for 2 or 3 years but is now vacant and suitable for a variety of cuisines and food or drink uses.
The premises are configured to provide a main ground floor dining space for circa 30 covers with an open kitchen off. On the upper floor there is another dining space laid out for up to 60 covers which can also be used for private functions. The gable end of the space is fully glazed and this design ensures that are high levels of natural light throughout the public areas.
The property was refurbished to a very high standard less than 5 years ago and, with minimal investment or input from a tenant, a new venture could be launched quickly from this unit.
Viewing is strongly recommended to fully appreciate the location and scope that this opportunity offers.
- Energy Performance Rating:
- B View EPC Graph for this property
