Lease & Assets Sale for Successful Restaurant in Tyne and Wear

South Shields, South Shields
REF: S07988

Asking Price:
£15,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: S07988

Overview

Tenure:
Leasehold
Established:
TBC
  • Huge potential for growth
  • Spacious premises
  • Well-equipped premises
  • Equipment included

This is a lease and assets sale for a ground floor restaurant in a fantastic location in South Shields, Tyne and Wear.

The vendor is looking for a one-off £15,000 premium for all assets and equipment and then a further £15,000 per year for lease of the property. The current owner is very happy to offer a lease contract for a period of 5-10 years.

The lessee will then be able to use the restaurant as desired and serve any culinary cuisine. There is a Thai restaurant upstairs, so it may be beneficial if the lessee wanted to serve something different.

The ground floor premises have all key things in place but could do with a little time and money to refresh the property.

The restaurant is based in a convenient spot in a residential area of South Shields, Tyne and Wear, with nearby car parking, excellent transport links, and high passing footfall. Due to this excellent location, there should be a steady flow of custom from locals.

All equipment and assets will be included in the one-off £15,000 premium, which includes a ventilation system, commercial ovens, fridge/ freezer and a variety of tables and chairs.

The restaurant has a fantastic, ground floor location in a residential area of South Shields, Tyne and Wear and is close to car parking, good transport links and has high passing footfall. This should ensure a steady flow of trade from local customers for the restaurant.

Upon entry, you step into the main restaurant, with a large seating area to the right. Guest WCs and the kitchen are located to the left of the property.

All equipment and assets will be included in the one-off £15,000 premium, which includes a ventilation system, commercial ovens, fridge/ freezer and a variety of tables and chairs.

The ideal lessee would be someone looking for a successful and working restaurant premises with a fantastic location. The lessee would have complete flexibility over the cuisine served.

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  • Nearby car parking
  • Good transport links
  • Residential area
  • City centre location
  • High footfall
Rent
£15,000
Rates
£0
Lease Term
0
Lease Expiry
2021
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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