Hot Food Takeaway In Newcastle City Centre For Sale

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 15 year FRI lease from 2023 at a passing rent of £25,000 per annum.

Leasehold Rent:

£25,000 per annum

Location:

The premises are located within a busy and popular leisure area at the junction of Pilgrim Street with Shakespeare Street and close to the main office and retail services.

This part of the City centre is currently undergoing significant changes with new office, hotel and leisure accommodation being built all along Pilgrim Street. The STACK brand will be occupying a refurbished space on Worswick Street and HMRC staff are moving into their new HQ from 2027.

Premises Details:

The business opportunity comprises a return fronted hot food takeaway unit which has been operating under the same family ownership since 1988. The business has been placed on the market as our client wishes to semi retire and reduce their work commitments.

The premises are in good order and are fully fitted and equipped for the trade. The menu comprises pizza, burgers and kebabs and has been consistent throughout the period of the current ownership but there is scope for a new operator to develop or expand the product lines sold.

The customer base is broad and includes students, local shop and office workers plus a good number of regulars that are generated from the local pubs and nightclubs. The shop opens daytimes and whilst there is some walk in trade, the majority of the business is from the evening.

This business is a rare to the market opportunity with long trading hour options and a location which is likely to only get busier as the construction of the nearby properties are completed.

Energy Performance Rating:

D

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday-Thursday 11.30am - 4.00am
Friday & Saturday 11.30am – 5.00am
Sunday 7.00pm – 4.00am

Employees:

Operated by our client (1) with the help of 6 staff.

Years established:

46