Restaurant/cafe for sale in Parsons Drive, Ryton NE40

£450,000 (£190.92/sq. ft)
Restaurant/cafe for sale 2,357 sq. ft*
Interested in this property? Call +44 191 686 1492 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Single storey modern building
  • Nia approx. 220sqm (2,368sqft)
  • Fully tenanted investment
  • Current annual income of 29,000
  • Great location near Co-Op
  • Freehold title

Property description

Summary

The subject property is a single storey premises of modern construction, located in a prominent position on Parsons Drive in Ryton, Gateshead, Tyne and Wear. The property is built with a tile covered pitched roof and brick main walls. For sale as a tenanted investment, the property is currently occupied by an opticians and American diner, generating a current annual income of 29,000.

Net internal area is approximately 220sqm (2,368sqft).

Location

The subject property is well located on Parsons Drive, Ryton, Tyne and Wear. Ryton is a popular and well established built up area with a village type centre, located around 7.5 miles west of Newcastle city centre. The property is highly visible from the main road (B6317) into Ryton from Blaydon and the A1. It also stands at the junction into the main car park used by the Co-op supermarket, Ryton Social Club and Wade's Optician's, who are next door to the subject.

Accommodation

Ground floor
Main former restaurant area: 150sqm
Public toilets: 19sqm
Kitchen area: 35sqm
Former cellar: 4sqm
Storage room: 7sqm
Office: 4sqm
Staff W.C.

Nia 219sqm (2,357sqft).


External


Decked area to the side.

Lease Details

The property is currently occupied by Wade Opticians and Pop's Diner. We are advised that this is currently generating a combined annual income of 29,000.

Tenure

Freehold title. Title number TY329692.

Rateable Value

The adopted rateable value is 20,000 as effective from 1st April 2017.
Sourced from voa.

EPC

Available upon request (rating C).

VAT

We are advised that VAT is payable on this transaction.

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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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