Restaurant/cafe for sale in Two Ball Lonnen, Fenham, Newcastle Upon Tyne NE4

Summary

The subject business is an established hot food takeaway located on the retail parade of Two Ball Lonnen. The takeaway is fully fitted and equipped for the trade to a high standard with all the mod cons of catering equipment. The takeaway currently specializes in fish and chips, pizza, kebab, providing a selection of quality meals and snacks, however it should be noted that the unit would be suitable for other cuisines having an A5 hot food take away licence.

Location

The subject property is located in an established retail and residential area at Two Ball Lonnen, Fenham, Newcastle upon Tyne. Specifically the property sits at the end of the retail parade approximately 3 miles west of Newcastle city centre.

Accommodation

Ground floor retail premises.

Sales area: Approximately 17.4 sq m (187 sq ft)
Storage: Approximately 13.72 sq m (148 sq ft)
Total nia: Approximately 31.12 sq m (335 sq ft)

Shared yard to rear with access to side of building.

Business

We have been advised a turnover of between 5,000 to 7,000 pw and an increase in business since they started doing deliveries.

Tenure

We are advised that the premises is leasehold and available by assignment of the existing lease 18 year unexpired at a rental of 10,400 per annum exclusive.

Vat

We have been advised no VAT is payable on this transaction.

Rateable Value

The premises have been allocated an adopted rateable value of 4,400 effective from the 1st April 2010. Source.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.