Restaurant for sale

Knightside Gardens, Dunston, Gateshead NE11


Guide price
£70,000
S.O.A.

Features

  • Established residential area
  • Flat above sold off to long leasehold
  • Freehold title
  • Ground floor takeaway
  • Nia 23.7sqm (255sqft)

Description

Summary

For sale by online auction: Terms and conditions apply.

We are pleased to offer for sale by auction this two storey property takeaway business for sale. The property briefly comprises of the shop front, kitchen area and 2 store rooms. The subject property is located along Knightside Gardens, Gateshead. The property is well located in an established residential area with easy access to transport links. The freehold for sale also includes a flat above, which has been sold off separately on a long leasehold title.

Location

The subject property is located along Knightside Gardens, Gateshead. The property is well located in an established residential area with easy access to transport links. The closest bus stop is outside of the property and Dunston train station is a short walk away. The subject property is 3 miles south of Newcastle upon Tyne and 16 miles north of Durham.

Accommodation

Ground floor:
Shop front - 4.6m x 2.1m
Kitchen area - 3.7m x 3.1m
W.C
Store - 2.1m x 0.9m
Dry store - 4.8m x 2.4m

nia - 23.7sqm (255.1sqft)

Business Details

The subject business is an established hot food takeaway shop trading as La Pizza Rita. This shop offers takeaway service four days a week, Thursday - Saturday 3:30pm to 10:30pm and Sunday 11:00am to 10:30pm. We have been advised the business 5 reviews on JustEat and over 1000 followers on Facebook. The business has an average weekly takings of approximately 1,100 - 1,600.

Tenure

Freehold. Title number TY136169.

EPC

Available upon request (rating C).

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.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) Full terms and conditions are available on The Auctioneers website.

The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.

Categories

Restaurants
Call
Property reference
CP_2D853DFE5C_32