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Fully Fitted Restaurant Opportunity In Tynemouth For Sale

Tynemouth, Tyne and Wear, UK
Asking Price:
£35,000 Furniture / Fixtures included
Turnover:
Not applicable
Net Profit:
Not applicable
  • Outstanding opportunity, ideal for owner operators.
  • Suitable for a variety of food uses.
  • Prime location in Village centre.
  • Up to 120+ covers on multiple levels.
  • Immaculate internal fit and finish.
  • Current rent £65,000 per annum.
  • OFFERS OVER £35,000 for all fixtures and fittings.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 25 year FRI lease from 2020 with a 5 yearly rent review pattern. The current rent is £65,000 per annum. A copy of the lease is available on application.

Leasehold Rent:

£65,000 per annum

Location:

This business opportunity forms part of Front Street which comprises a pleasant mix of niche independent shops, cafes and restaurants. Tynemouth repeatedly features in lists of the “Best Places to Live in the North East” and the attractive coastal location and proximity to Newcastle upon Tyne make it easy to understand why.

There are excellent road and rail links to and from the town and the local population is a broad demographic that includes young professionals, families and older or retired couples. Tourists visit the area throughout the year but peak in the school holidays, particularly in the summer months when there are a number of festivals.

A restaurant has been trading from this site for many years but is now closed and suitable for a variety of cuisines and food uses.

The main restaurant is accessed from Front Street by steps leading up into an open plan vaulted space with additional balcony seating on the level above. The space was refurbished less than 5 years ago and most recently traded as a high-end Cantonese restaurant. 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.

Premises Details:

Comprises an extensive self-contained unit within the historic Congregational Church Educational facility:

Half Landing
Restaurant Area circa 1,130 sq.ft. (105 sq.m.) with a fitted bar, tables, chairs and booth seating.
Kitchen circa 325 sq.ft. (31 sq.m.) and well fitted and equipped for the trade.

First Floor
Restaurant circa 935 sq.ft. (87 sq.m.) with tables, chairs and seating for up to 70 covers.

Second Floor
Toilets separate ladies and gents.

Size in square feet:
2,500
Energy Performance Rating:
C

Other Information

Business closed / Asset sale:
Yes