Restaurant/cafe for sale in Mary Street, Sunderland SR1

Offers in region of £25,000 (£13/sq. ft)
Restaurant/cafe for sale 1,923 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

  • Business For Sale
  • Turnover circa 3,000+ per week
  • Large social media following
  • By way of an assignment of lease
  • Nia 178.66m2 (1,923 sqft)

Property description

Summary

Business for sale!

We are pleased to offer to the market this ever popular thai restaurant located in Sunderland City Centre. The business is ideally placed within the Sunderland arts, music and culture quarter of the city. Royale Thai is presented to a very high standard with open plan dining area and bar, kitchen and male/ female W/C facilities.

Location

The subject property is well located along Mary Street, Sunderland. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.9 miles from Sunderland city centre and approximately 14.9 miles from Newcastle city centre.

Accommodation

The Subject premises is a two storey which consists of: Restaurant, bar, storage room and WC to the ground floor. To the first floot the property consists of a function room, male and female WC and a kitchen. Nia 178.66 (1,923 sq ft).

Business Details

Since opening the business in 2015 our clients have built up an excellent reputation with many long standing and repeat customers with a large social media following on Facebook.

Alcohol Licence

We are verbally advised that premise holds a licence until 2am and also has a music licence.

Turnover

We have been verbally informed the business is turning over circa 3,000+ per week.

Takeaway

The business has recently taken on Just Eat and Good Eats which has increased turnover substantially but is still not been fully utilised.

Social Media

Facebook - 2,275 followers.

Opening Times

Monday - 16:00 - 22:30
Tuesday - 16:00 - 22:30
Wednesday - 16:00 - 22:30
Thursday - 16:00 - 22:30
Friday - 16:00 - 22:30
Saturday - 16:00 - 22:30
Sunday - 16:00 - 22:30

Lease Terms

By way of an assignment of lease. A 10 year lease was granted 19 August 2016 at a rent of 15,000 per annum.

Rateable Value

The adopted rateable value is 6,800 as of 1st April 2017.

Sourced from voa.

EPC

Available upon request (rating D).

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

Floorplan(s): Floor Plan

Floor Plan View original

* 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)

Contact Pattinson - Commercial about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

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.

Properties on the market nearby

5 more properties like this

View all Mary Street commercial properties for sale