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This is a lease and assets sale for a restaurant in a fantastic location in South Shields, Tyne and Wear.
The vendor is looking for a one-off £15,000 premium for all assets and equipment and then a further £15,000 per year for lease of the ground floor property. The current owner is very happy to offer a lease contract for a period of 5-10 years.
The lessee will then be able to use the restaurant as desired and serve any culinary cuisine. There is a Thai restaurant upstairs, so it may be beneficial if the lessee wanted to serve something different.
The ground floor premises have all key things in place but could do with a little time and money to refresh the property.
The restaurant is based in a convenient spot in a residential area of South Shields, Tyne and Wear, with nearby car parking, excellent transport links, and high passing footfall. Due to this excellent location, there should be a steady flow of custom from locals.
A few kitchen appliances will be included in the one-off £15,000 premium, which includes a ventilation system, commercial ovens, fridge/ freezer and a variety of tables and chairs.
Huge potential for growth
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