Indian Restaurant And Takeaway In Newcastle Upon Tyne For Sale

Property Information

Property:

Leasehold

Lease Terms:

The premises will be offered on a new FRI lease at a commencing rental of £25,000 per annum. Full terms are to be agreed and the ingoing tenant will be responsible for the landlord's legal costs in the preparation of the new lease.

Leasehold Rent:

£25,000 per annum

Location:

This business is located within a busy secondary shopping area in the Coxlodge area of Newcastle. There is a good mix of tenants in the parade and there is free on street parking to the front.

Premises Details:

Shahe was established by our client in 1982 and has traded successfully for over 4 decades. The business has been placed on the market as our client wishes to retire due to ill health. The premises was originally opened as a restaurant with approximately 30 covers and whilst there is still trade from sit in diners, the majority of the sales are now generated from collections and deliveries.

The location provides a good mix of customers as it is in close proximity to a number of good quality residential areas. Delivery trade is well supported by the excellent road links and access is also good for diners with a free car park to the side.

This fully fitted restaurant and takeaway is very much a “turn key” opportunity with nothing for any new owner to attend to. The business has a loyal customer base and a viewing is recommended.

Energy Performance Rating:

B  View EPC Graph for this property

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday - Sunday 5.30pm - 11.30pm

Employees:

Operated by our client with the help of up to 7 members of staff.

Years established:

40 years

Other Information