Location: The business is located on Merton Road which is a very busy road through Ponteland there are a range of other independently owned businesses on the street. Ponteland is a suburb of Tyne & Wear and is densely populated, Merton 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 Pizzeria and Takeaway forms part of a three storey mid terrace premises. The business occupies a first and second floor position and the premises benefits from A5 (takeaway) use classification. Internally the property consists of 25 covers; commercial kitchen to the rear fully fitted and is equipped for the trade. Staircase from ground floor level (occupied by hairdressers) leading to: First floor Main sales area, 25 covers, full commercial kitchen to the rear, fully fitted and equipped for the trade. Nia approximately 36.54sqm. Second floor Additional accommodation for covers, male and female W.C. Facilities. Nia approximately: 40.43sqm. Total nia 76.97sqm.
premium: £34,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill
rental: £9,000 per annum
terms: The business is held by way of existing lease with 20 years remaining with 9 years left
business rates: Nil. From information obtained from the Valuation Office Agency website .
Size: Approximately 828 sq ft
opening hours: Tuesday - Sunday 5:00 p.m 1:00 a.m & Monday Closed
staff: Owner managed with 1 staff
turnover: We are advised that the yearly turnover is approximately Â£67,600 per annum.
Legal cost: To be confirmed
reference charge: London Properties charges a fee of Â£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.
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 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
mailing list: We at the London Properties Sales Team hope to be in regular contact with you to assist in your search for a suitable property. To keep our records up to date we request that you keep us informed as to the progress of your search so as to avoid any unnecessary inconvenience. Thank you for your assistance in this matter.
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- Commercial Class: A3 : Restaurants and cafes