• Located within busy, modern food parade.
• Spacious premises for comfortable 70 covers.
• Immaculate fit and finish with new kitchen.
• Suitable for a variety of food uses.
• Evening trade opportunity.
• Free car parking adjacent.
- Asking Price:
- £65,000
- Turnover:
- Available on request
- Net Profit:
- Available on request
Property Information
- Property:
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Leasehold
- Lease Terms:
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The premises are held on a 10 year lease from October 2019 at a current rent of £39,180 per annum. Full details on application.
- Leasehold Rent:
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£39,180 per annum
- Location:
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The business opportunity is located within a purpose- built retail / food parade at the entrance to Quorum Business Park. Constructed in 2011, this is a large and well-established office park 4 miles north east of Newcastle upon Tyne and close to the suburb of Longbenton. Office occupiers on site include TESCO Bank, Greggs, Balfour Beatty, Engie and the DVLA There are also other brownfield sites still to be developed within the park.
- Premises Details:
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The premises comprises a single-storey self-contained unit forming part of a larger terrace. Other tenants within the terrace include Greggs, Bento Box and [email protected] and there is free parking adjacent plus outside communal seating and a grassed area.
The current tenant took occupation of the unit in early 2020 and the unit was refurbished throughout. The business had a flourishing daytime trade prior to Covid hitting but naturally the business has suffered with the “work from home” advice over the last 18 months.
With restrictions now lifting, the business has reopened during the day and the current food offer comprises a light, predominantly Mediterranean, menu with hot and cold drinks, sandwiches and light meals. There is also pizza, pasta and chicken on the menu and therefore a broad choice to suit most tastes. There is no late evening service at the moment but with densely populated residential areas all around the Park, there is likely to be scope to tap into this market should an operator choose to.
Internally the unit is configured to provide a variety of dining areas with fixed, bench and high seating plus separate bar and service areas. There is an open prep and kitchen to the rear plus separate ladies and gents toilet facilities and stores. The premises are a fully fitted and equipped restaurant opportunity suitable for a variety of cuisines and new owners could trade immediately.
- Energy Performance Rating:
- B View EPC Graph for this property
Business Operation
- Trading hours:
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Current Trading Hours (licensed till 11pm)
Tuesday - Saturday 11.30am - 3pm 5pm - 8.30pm
Sunday & Monday closed