Restaurant for sale

Parsons Drive, Ryton NE40


£450,000
2,357 ft²

Features

  • Current annual income of 29,000
  • Freehold title
  • Fully tenanted investment
  • Great location near Co-Op
  • Nia approx. 220sqm (2,368sqft)
  • Single storey modern building

Description

Summary

The subject property is a single storey premises of modern construction, located in a prominent position on Parsons Drive in Ryton, Gateshead, Tyne and Wear. The property is built with a tile covered pitched roof and brick main walls. For sale as a tenanted investment, the property is currently occupied by an opticians and American diner, generating a current annual income of 29,000.

Net internal area is approximately 220sqm (2,368sqft).

Location

The subject property is well located on Parsons Drive, Ryton, Tyne and Wear. Ryton is a popular and well established built up area with a village type centre, located around 7.5 miles west of Newcastle city centre. The property is highly visible from the main road (B6317) into Ryton from Blaydon and the A1. It also stands at the junction into the main car park used by the Co-op supermarket, Ryton Social Club and Wade's Optician's, who are next door to the subject.

Accommodation

Ground floor
Main former restaurant area: 150sqm
Public toilets: 19sqm
Kitchen area: 35sqm
Former cellar: 4sqm
Storage room: 7sqm
Office: 4sqm
Staff W.C.

Nia 219sqm (2,357sqft).
External

Decked area to the side.

Lease Details

The property is currently occupied by Wade Opticians and Pop's Diner. We are advised that this is currently generating a combined annual income of 29,000.

Tenure

Freehold title. Title number TY329692.

Rateable Value

The adopted rateable value is 20,000 as effective from 1st April 2017.
Sourced from voa.

EPC

Available upon request (rating C).

VAT

We are advised that VAT is payable on this transaction.

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.

Categories

Restaurants
Property reference
CP_2D853DFE5C_74