LOCATION: The business is located on Westgate Road which is a very busy road through Newcastle there are a range of other independently owned businesses on the street. Newcastle is a suburb of Tyne & Wear and is densely populated; Westgate Road in particular enjoys a high level of traffic and foot fall. Parking is available on the street.
DESCRIPTION: The subject business currently trading as a Indian Takeaway forms part of a t mid terrace premises. The business occupies a good position and the premises benefits from A3 (takeaway) use classification with 3-bedroom upper parts as well. Commercial kitchen to the rear fully fitted and equipped for the trade.
PREMIUM: £70,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill
RENTAL: £23,000 per annum including upper parts
BUSINESS RATES: Interested parties are recommended to make their own enquiries with the Rating Department of Local Council
SIZE: Approximately 825 sq ft
OPENING HOURS: 7 days a week from 12:00 noon to 23:30 p.m
STAFF: Owner managed with 2 staff
UPPER PARTS: Three-bedroom upper parts
TURNOVER: We are advised that the yearly turnover is approximately £182,000 per annum.
LEGAL COST: To be confirmed
LOCAL AUTHORITY: Newcastle & North Tyne side Health Authority
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties. 4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only
7 days a week from 12:00 noon to 23:30 p.m
Is accommodation included?:
3 bedroom flat
London Properties are pleased to offer to the market this well-established Indian takeaway with 3-bedroom upper parts situated Westgate Road which is a very busy road through Newcastle there are a range of other independently owned businesses on the street. Newcastle is a suburb of Tyne & Wear and is densely populated; Westgate Road in particular enjoys a high level of traffic and foot fall. Parking is available on the street. The subject business currently trading as a Indian Takeaway forms par