• Spacious First Floor restaurant site.
• Suburban location close to free parking.
• Spacious premises, approx. 70 covers.
• Bar & Waiting Area plus Private Dining.
• Permitted trading Mon - Sun 9am to 11pm
• Ideal for couple or partnership.
- Asking Price:
- £37,000 Furniture / Fixtures included
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
We are verbally informed that the premises are held on a 20 year lease from 2019 at a passing rent of £24,000 per annum. Further details on application.
- Leasehold Rent:
-
£24,000 per annum
- Location:
-
The premises are located within the centre of Heaton which is one of the most popular suburbs of Newcastle upon Tyne. The subject property forms part of a busy parade on the main road running through the suburb and within the main shopping and leisure district. The immediate area includes shops, coffee houses and eateries and lies within a densely populated residential area. There are very few restaurant opportunities available within Heaton and therefore strong interest is expected.
- Premises Details:
-
The premises were refurbished in early 2017 and our client has been in occupation since 2019. The opportunity has been reluctantly placed on the market due to ill health.
Our client installed a new kitchen with extraction and the fixtures and fittings within the premises will all be included in any sale. There is a fitted bar area and whilst the restaurant currently operates with an Italian menu, it would be suitable for alternative cuisines.
Viewing is strongly recommended to appreciate the location and potential of this opportunity and the quality of the fit out.
- Energy Performance Rating:
- D View EPC Graph for this property
Business Operation
- Reasons for selling:
-
Ill health
- Trading hours:
-
Permitted Trading Hours
Monday - Sunday 9.00am to 11.00pm
