Business For Sale - Newcastle upon Tyne, Tyne and Wear, UK

Fixed price

£75,000 per annum

Property information

Type:

Rent

Tenure:

Leasehold

Address:

Newcastle upon Tyne, NE1

Categories:

Businesses For Sale, Commercial Property, Food Businesses, Leisure Property, Restaurants

Listed on:

19-02-2015

Commercial

England

3,450 hectares


Description

Location:

The premises is located in Newcastle close to the River Tyne which is a well known area called Quay Side which host to a wide variety of bars and restaurants which include: Café Rouge, Browns, Carluccios and Brewdog to name but a few. Manor train station is a 10 minute walk away.

Description:

The ground floor is an entrance to the basement where the fully fitted restaurant predominately trades from. The basement trading space is laid out to accommodate 112 covers with a fully fitted kitchen with an extraction system. At the rear of the basement there are storage rooms and male & female WCs.

Floor Areas:

Basement: 320.52 m2 / 3,450 Sq. Ft.

Total: 320.52 m2 / 3,450 Sq. Ft.

Tenure:

We are offering an assignment of the existing Full Repairing and Insuring lease for a term of 15 years from June 2011, subject to 5 yearly rent reviews. It is understood that the lease is granted inside the security of tenure provisions of the Landlord and Tenant Act 1954.

Passing Rent:

£75,000 per annum exclusive

Premium:

Offers invited

License/Planning:

The premises benefits from A3 planning use and an alcohol license is in place allowing the sale of alcohol the following times: Monday-Sunday: 11.00am - 1.30am.

Confidentiality:

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they unaware of an impending sale.

Holding Deposit:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.

Possession:

Immediate upon completion of all legal formalities.

Viewings:

Through the vendors agent:

CDG Leisure (Attention of David / Emma )

m: 07507 880 040 / 07508 331 678

e: davidk@cdgleisure.com / emma@cdgleisure.com

a: 17 Cavendish Square, London W1G 0PH

t: 020 7100 5520

f: 020 7100 5530

www.cdgleisure.com




Disclaimer

Property reference: cp6t0n5gmf

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by CDG Leisure. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

This property is marketed by:

CDG Leisure
17 Cavendish Square, Marylebone, London W1G, UK

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Reference: cp6t0n5gmf

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