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

Summary

Pattinson are pleased to offer to the market the opportunity to purchase a hot food takeaway business which has recently been renovated to an extremely high standard. The business, long established as A1 Chippy, is situated on the busy thoroughfare Two Ball Lonnen and is set up to serve fish and chips primarily, but with pizza and kebab offerings too. The business would be suitable for a number of other cuisines that would benefit from a hot food takeaway 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

The subject property briefly comprises a sales counter area which benefits from a new tiled floor, new plastered walls and ceiling with spot lights throughout. To the rear of the sales are is a preparation room with commercial kitchen benches, sinks and cooking equipment.

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 around 4,000 pw and increasing following the renovation. There is potential to turn this into a 10,000 per week turnover business with the expansion of the menu, increase in marketing and deliveries.

A list of fixtures and fittings can be provided upon request. The majority of which were replaced during the renovations recently.

Opening Hours:
Mon-Thurs 11am - 9pm
Fri-Sat 11am - 10pm
Sun 12pm - 9pm

The property benefits from a licence to operate from 6am - 11pm.

Tenure

We are advised that the premises is leasehold and available by assignment of the existing lease 12 year unexpired at a rental of 9,640 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.