Newcastle Upon Tyne
Location The business is located within the very popular suburban shopping area of Four Lane Ends at the junction of Benton Road with Benton Park Road. Other nearby tenants include Greggs, Tesco & Lloyds Bank and the parade has the benefit of free parking. Business This business was established ...
Location The business is located within the very popular suburban shopping area of Four Lane Ends at the junction of Benton Road with Benton Park Road. Other nearby tenants include Greggs, Tesco & Lloyds Bank and the parade has the benefit of free parking. Business This business was established by our client in 2014 but has been placed on the market as they wish to consider another opportunity. The business is effectively a hot food takeaway with a specialist menu comprising mainly grilled food in the form of traditional kebabs, burgers and wraps together with southern fried chicken and pizzas. This daytime trade is generated from the nearby HMRC offices and from Quoram Business Park both of which are within easy walking distance of the business. The evening trade comes from the high levels of captive trade within the local housing estates and the majority of the trade is collection orders. There is currently a delivery service offered via JUSTEAT and in addition to the captive residential trade, the nearby student halls of residence may expand in the future offering further opportunities for customers. This is a rare to the market high turnover opportunity and viewing is strongly recommended to appreciate the offer. Premises Comprise a refurbished, two storey property with a retail unit and separate 3 bedroom flat above. Ground Floor Service Area 580 sq.ft. (54 sq.m.) Kitchen / Prep Area 490 sq.ft. (45.6 sq.m.) W.C. with wash hand basin. External Garage with cold store 258 sq.ft. (24 sq.m.) First Floor with separate access Flat 3 bed flat generating £150 per week Staff Currently operated by the owner with 5 part time staff. Trading Hours (restricted by planning) Monday - Saturday 11.30am – 10.30pm Sundays 5.00pm – 10.30pm Fixtures & Fittings A full inventory would be made available prior to an exchange of contracts. Rates We are verbally informed that the premises are assessed as follows: Rateable Value £18,000 Tenure We are verbally informed that the premises are available on a new lease at a rent of £26,000 per annum which includes the flat above. There will be a rent review at the 3rd anniversary. Interested parties should seek legal confirmation of this. EPC Rating TBC If you require sight of the Energy Performance Certificate prior to making a viewing appointment then please get in touch with this office.