This property is no longer on the market
Restaurant
Property description & features
- Established Hot Food Takeway Business
- Located on Two Ball Lonnen
- Busy Main Road Location
- Fully Fitted & Equipped
- Recently Renovated to High Standard
Rooms
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 £5,000 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 £6,100 effective from the 1st April 2023. Source. voa.gov.uk
Places of interest
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Energy Performance data and Internal floor area
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