Restaurant Opportunity In Newcastle City Centre For Sale

Property Information

Property:

Leasehold

Lease Terms:

The premises are available on a new 10 year FRI lease at a passing rent of £24,000 per annum plus VAT. Full details on application.

Leasehold Rent:

£24,000 per annum

Location:

The business occupies an enviable position on The Side, close to the junction with Queen Street and Quayside.

This part of the City is a popular location for good quality restaurants and bar and Bangrak Thai forms part of a larger terrace located within this busy leisure district. Other nearby occupiers include Solstice and House of Tides and there are also now a wide selection of hotels in this part of the City which has generated increased levels of captive trade.

Premises Details:

Bangrak Thai has been open since 2018 offering a range of high-quality Thai food to a well-established customer base. The majority of the trade is from eat in diners (70%) with the remainder from collections and deliveries.

The premises are configured to provide restaurant space on the ground floor (circa 20 covers) and another larger dining area on the first floor (circa 32 covers) with pleasant views over The Side. Separate gents and ladies toilets are on the ground floor with the kitchen on the first floor. On the top floor is a restaurant storage and staff welfare space which has been used as accommodation in the past.

The restaurant currently opens evenings only but there is scope to offer a lunchtime service as there is plenty of daytime passing trade in this part of town. The restaurant has a good local reputation and new operators could develop this theme or alternatively take the food offer in a different direction.

Size in square feet:

2,000

Energy Performance Rating:

C

Business Operation

Trading hours:

The business is operated by our client with the help of 7 members of staff.

Employees:

The business is operated by our client with the help of 7 members of staff.

Years established:

8 years