Modern Kitchen Prep Facility In North Tyneside For Sale

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 10 year lease from 2022 at a passing rent of £16,000 plus VAT. There is a break clause and rent review at the 5th anniversary.

Legal Costs

The ingoing tenant will be responsible for the landlord’s legal costs in the assignment of the lease.

Leasehold Rent:

£16,000 per annum

Location:

Mandale Park is a modern industrial estate which is located opposite Tyne Tunnel Industrial Estate. The estate has excellent road links onto the A19.

Mandale Park is home to a broad range of tenants that include small manufacturers, fitness studios, hair and beauty salons and food suppliers. There is free parking on site which is on a first come, first served basis.

Premises Details:

Comprises a self-contained two storey end terrace hybrid industrial unit. The ground floor space is fitted out by a specialist catering supplier for use as a production and prep facility. However, the current tenant is in the process of reducing their business commitments so that they can spend more time with family.

The kitchen area is to the rear of the ground floor and access to this via a roller shutter with space to accommodate a van. The first floor space is open plan with carpets, LED lighting and a tea point

The accommodation is laid out as follows;

Ground Floor
Kitchen / Loading circa 830 sq.ft. (77 sq.m.)
W.C.
First Floor
Office / Storage circa 720 sq.ft. (67 sq.m.)

Energy Performance Rating:

B

Business Operation

Reasons for selling:

Family commitments.

Employees:

Sold free of staff.

Other Information

Furniture / Fixtures value:

£20,000 - included in the asking price

Business closed / Asset sale:

Yes