Licensed Restaurant Opportunity In Heaton For Sale

Heaton, Tyne and Wear, UK

Asking Price:: £59,950 Furniture / Fixtures included

Turnover:: Not applicable

Net Profit:: Not applicable

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• Rare fully fitted restaurant site.
• Located in vibrant and thriving suburb.
• Suitable for a variety of cuisines, subject to planning.
• 30 cover dining room plus pavement licence.
• Ideal for owner chef operator.
• Immaculate premises with quality fit out.

Property Information

Property:: Leasehold

Lease Terms:: The premises are held on a 5 year FRI lease dated from 2022. The current rent is £14,000 per annum which is under review. The new rent is expected to be agreed at a figure in the region of £16,000 per annum.

Leasehold Rent:: £14,000 per annum

Location:

The restaurant is located on Chillingham Road which is the principal road running through the heart of Heaton, a popular suburb to the east of Newcastle City centre.

The subject property forms part of a small parade on Chillingham Road between Sainsbury’s Local and Tesco Express within what is the main shopping area serving this community. Nearby occupiers include Subway, Greggs, Post Office and numerous of independents.

The immediate area includes a pleasant mix of retail, commercial and residential dwellings and there is ample on street parking on Chillingham Road and nearby.

Premises Details:

A restaurant has been trading from this site since late 2017 and occupies a prominent corner location at the junction of Chillingham Road with Trewhitt Road. The premises were refurbished throughout including a new floor, a rewire and new services.

The premises are configured in the modern style with the kitchen opening into the main dining area. There are tables and chairs for around 30 covers and there is also pavement seating for when the weather permits.

The site lends itself to a variety of cuisines but planning is restricted to certain pieces equipment which currently include pizza ovens and a charcoal grill. There is scope for a new owner to incorporate a brunch or breakfast menu which the current operator does not offer.

Viewing is strongly recommended to appreciate the fit, finish and location of this opportunity.